ryanman0

RDD still a little more down to go. Should bounce between 65-95

BITTREX:RDDBTC   ReddCoin / Bitcoin
After a month, it appears some of the whales are a little more exhausted now as the total sell orders on bittrex are down from around 3500 bitcoin worth to <2500 bitcoin worth. however, the buy side is down as well as volume has dropped a bit. There are a lot of Alt coins now and RDD has fallen a bit in volume rank on cryptocompare. However, on the chart, we have a lot of volume around 75 satashi which sits just above heavy support ;level (C on the chart) that we have bounced off of before in the 6x satashi range. There is also a simple (B on the chart) and exponential (A on the chart) moving average above this area that might provide support. We can also draw a possible trendline (A on the chart) from where this rise started in December to the last major low. A bit of boring sideways drifting would not be surprising also since there isn't a lot of momentum on either side. A major announcement might cause another pop to the 150 range unless bitcoin gets ill again.
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