Hi everyone, ReddCoin has recently broken out and made a ABC-correction. The market then broke out of the ABC-correction and a nice flag-setup has been made. I think we are going to make one more (small) down-wave in the flag before it continues up to make a AB=CD-structure. We might see some profit taking at the D-leg, before we move to the 1.618-extension....
If you haven't noticed, penny coins are the rage right now. As people are trying to make quick money, if you are ahead of the herd, you will be leading them. Made a lot off of DGB, XVG, BURST, and RDD last night. As late comers come in, there will be sellers for them. These guys will dip their coins as they see these coin correct. Then we will buy again at the...
Short idea about reddcoin, based on Fibonnaci Retracement. Buy level: 60-55 Stop Loss: 52 Target: 88
Elliot wave classic A, B, C retracement for Reddcoin. For rebuy levels look for the fib retracement of the following levels: 0.618 0.786 If you followed our last Technical Analysis on RDD you are enjoying some real nice profits by now! Be prepared and trade smart!
Reddcoin seems to follow XVG and I think that that train lost it steam at the huge red candle that occured earlier. Reddcoin's indicator are not looking very dandy either. MACD and RSI are dipping and volume is decreasing. This means selling pressure > buying pressure. It seems to find support and resistance around the 63-68sats area. It it drops down 63 sats it...
I have a small position in RDD and was interested in looking at profit taking after these bullish movements (I wouldn't rule out a pump and dump). Drawing a fibonacci retracement from the current price to the start of the rally shows signs of resistance/support lines. Watch out for these levels when buying/selling. You could possibly also see signs of what led up...
'Reddcoin RDD finally woke up! If you acted on our Technical Analysis of november 20th you made some real nice gains by now. Fib extensions on the RDDUSD chart can be taken as guidelines for profit taking. Reduce risk, stick to your plan and don't let greed get the hold of you. Hard to tell what is possible. If the RDDBTC chart is still representative than we...
ReddCoin (RDD) - Another coin that meets our criteria to be a huge winner. We only have upsides here. This coin shows a strong breakout after reaching a bottom. Allow 3-500 weeks for this trade to develop. Diversify and invest only money that you can afford to lose. With that said... Now, let's trade! ** Buy in: 26-30 ** Stop loss: 17 ** Targets: (1) 46 (2)...
Reddcoin might give us a nice opportunity to a 5 or 6X move in the near future. After a deep 2nd wave correction we are ready for some real action in the 3rd impulse wave. 3rd waves are common to have the biggest movements so hold on tight!
Rdd is heavily supported (11-13), indicating bullish trend. Up to 20? 30? 40? 100? Do not know. I'm betting!
massive volume gone into this coin over last few days looks to be following the 15mins cloud ready to leap off it anytime soon going on that it has completed 4waves of a 5 wave elliot set and the fib extensions we get from those we could be looking at another good run for this coin buy 38sats keep stop tight as many alreadt taking profits from first run up !!...
massive volume gone into this coin over last few days looks to be following the 15mins cloud ready to leap off it anytime soon going on that it has completed 4waves of a 5 wave elliot set and the fib extensions we get from those we could be looking at another good run for this coin buy NOW keep stop tight as many alreadt taking profits from first run up...
confirmation at 26 targets: ~41 ~67
Same goes for me. This entire sector looks good technically speaking. Find your coin(s). Market cap just reached 150billion new ATH and climbing. My guess is we are approaching a bear market or we are in wave 3 on a larger scale. Interesting to note. When you look at the market cap back in 2014 before it took a dump. It hit 15Billion before it entered a 2 year...
• No support area around 46 and 13. • I trade this coin only for fun. • Technically best buy around 25-10. • The funny facts is, the R/S lines is held around by 40:40:40 :D --------------------------------------------------------------------- data from coin market cap ; Market Cap : $34,548,091 | 10,583 BTC Volume (24h) : $526,682 ...