GoodmanSimon

One last bounce of the 50 EMA?

GoodmanSimon Updated   
BITTREX:RDDBTC   ReddCoin / Bitcoin
In the past few weeks RDD has bounced off the 50 EMA.

Will it happen one last time before falling well below?

I really don't see much more than 104 and an entry point of 90

As I said in the past, this coin is definitely in a downward spiral so don't expect much more than a quick 5%/10% profit ...
Comment:
Looks like RDD does not even have the legs to bounce back up.

Historically it does bounce ... but when is a mystery, I will keep watching it for the next day or two before calling time on that coin.
Trade active:
It would be really interesting to see if RDD will bounce back after the BTC correction...

If it does, then I, for one, would be rather surprised.

But I have a sell order at 102 and 104 ... I mean ... why not?

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