There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00175). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00175)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
Reddcoinusd
There is a possibility for the beginning of an uptrend in RDDUSDTechnical analysis:
. Reddcoin/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00150). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00150)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
