RDD Potential Profit

Jan 16, 2018

RDD is currently very oversold at the moment and the market overall seems to be trying to turn around a bit so now might be a good opportunity to buy in. Best entry is around 92, my target is going to be a hit on the downward trend line likely around the 115-120 area. I believe the current price is where the coin will bounce because it is right on the 78.6% fib retracement and it has also bottomed out here in the past after it had its first run which you can also see from the wick down a few weeks ago. The RSI also shows that it is very oversold right now. With it having hit the 78.6%fib, this is indicative of a trend reversal so I do not plan on hodling these coins. Once my target is hit, I am out. Good luck fam!!