L2 Scaling BubbleThis season I expect the majority of capital to be thrown towards solutions for scaling ethereum and other blockchains like dot, with a few primary contenders sticking out; OMG, CELR, MATIC and RAIDEN.
Raiden however would have to be one of my most favored projects; and one I see with huge potential (an easy 600%).
Targets: Moon.
Raidennetworktoken
RDN - Raiden Network Token formed a double bottom, ready 2 breakRDN in US$ value on the 1 Day charts seems likes it has formed a double bottom and about to break out, potentially to the $0.44 value. On the MACD chart, the signal has crossed the MACD line in an upwards trend in positive territory. RSI is below 60 and Stochastic RSI is yet to be maxed out above 80. This could potentially signal a big break out, keep a close eye on it, DON'T BLINK or you will miss it.
Raiden Network Token, Another Bullish BreakoutMany altcoins are starting to grow just like we were expecting. This is great news because the projection is green long-term, cryptocurrency can be used to diversify from conventional markets.
The risks are higher but also the potential rewards.
Here we have Raiden Network Token (RDNBTC) producing a bullish breakout.
Prices are now trading above EMA10, EMA50 and EMA100.
A strong volume bar just showed up today.
The MACD is strongly bullish and the RSI as well.
Here we are looking at a bottom bounce after a new All-Time Low, this new green candle is only the first one of many more to come.
Thanks a lot for your continued support.
Namaste.
Raiden Network Token Prepares For Action, Breaks Above EMA50RDNBTC (Raiden Network Token) just broke above EMA10/EMA50 and is now aiming higher...
Looking at the chart above, we can notice good volume starting to coming as well as a hit of MA200 (black line).
This move is just starting now and needs additional time to develop, but the signals are telling us that RDNBTC will now start to grow.
Conditions for change
The charts are always changing, so how do we know when this setup is invalidated?
If prices for RDNBTC start to drop and close daily below 0.00001339, the above signals become invalid but we remain bullish. We remain bullish as long as the last low remains intact, 0.00001275... If this low is broken, then the bears are likely to take control. Anything above this level and RDN is bullish just like we see on the chart above.
Namaste.
Raiden Network Token Starts To Bounce | Chart Mapped +142%Here I have another chart for you and I will go into detail on the meaning of the different things I draw on the chart.
The small and red/green arrows are always on my charts... What do they mean?
Our main tool for chart reading/technical analysis is called "candlestick reading" and even though I don't mention much the different conventional names for the candlestick patterns, candle closure is what I use for my trades... and feelings/intuition/experience, for the most part.
Most of the time, the signals aren't strong enough or are just too early, meaning that they haven't been confirmed.
Any conventional trader would jump, go away and dismiss the chart all-together, but charts are always changing and even a confirmed signal can easily reverse and a trade go wrong... What can't be wrong is your own inner guidance, what you are feeling, your intuition is boss.
That's why some charts have not enough signals, yet I share the trade and the public has access to all the results.
What I mean is that I get it right more often by following my heart that any conventional practice that I read while I was studying to learn how this all works.
My main suggestion for you, if you are a beginner trader... Follow your heart, don't second guess yourself, practice and base your strategy/system on your own results.
Don't let anybody tell you how it works... Get the results you want and if you have them, you know that your system is valid... YOUR STRATEGY IS NOW WORTH GOLD!
Namaste.
Raiden Network Token Getting Ready To Break Through ResistanceI think Raiden Network Token (RDNBTC) is getting ready to challenge EMA50 (0.00001842) again if this level can be conquered massive growth will follow.
I've marked multiple targets with magenta dashed lines on the chart.
The blue lines are for the support levels. Right now 0.0001550 - 0.0001600 is the main support range if this level breaks prices can easily move lower and test the last low at 0.00001314.
I believe there will be some consolidation followed by a very strong move up... We will see how it goes.
Namaste.
Today`s ALT!!! RDNBTCBINANCE:RDNBTC
Exchange : Binance
Coin: RDNBTC
Buy Zone: 0.0000175~0.000017
Target Point: 0.0000181/ 0.0000199/ 0.0000206/ 0.0000213/ 0.000022
S/L: 0.0000168
Risk: HIGH
Term: Middle - Short
You should be careful in buying RDNBTC because of Bitcoin
It borke Symmetrical Triangle without Pumping
The Volume is almost down
Now, it`s time to be pumping !!!
=====================================================================
Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
=====================================================================
RDNBTC formed bullish Crab | Upto 63% potential tradePriceline of Raiden Network Token / Bitcoin cryptocurrency formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
We have 200 simple moving average support withing this PRZ area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002153 to 0.00001833
Sell between: 0.00002401 to 0.00003002
Regards,
Atif Akbar (moon333)
RDNBTC has completed bullish butterfly|Upto 1142% move expectedThe RDNBTC is moving withing a parallel channel and hits the support of channel.
The stochastic is oversold and MACD has already given weak bullish signals.
The volume profile is showing low interest of traders at this area.
A bullish butterfly pattern is also completed within this channel and the price action is entered in the potential reversal zone of this bullish butterfly pattern.
There are strong chances of bullish reversal from here insha Allah soon.
The targets are:
Buy between: 0.00002970 to 0.00000720
Sell between: 0.00004717 to 0.00008944
Regards,
Atif Akbar (moon333)
RaidenTokenNetwork/Bitcoin (July 29) #RDN $RDN #BTC $BTCIf RDN falls down from 2300sts, what we can do is waiting for the range of 1690-1930 to accumulate. And target is at least 2550
RAIDEN NETWORK TOKEN looking very BULLISH over the coming weeksApologies for the late call on this one guys, as it seems like I just missed the latest bullish move on RDN on the daily. However, as we can see on the chart above, RDN appears to be bottoming on a weekly 9, so I expect a few weeks of upside at the every least in spite of this recent surge.
RDN : More than 100% Possible Profits Opportunity for Mid TermRSI : 42
Volume : A little bit pump is showing but needs some energy.
Note : Trying to breakout the resistance line depicted by green line and if it closes above it 4200 sats it will be at least a confirmation for a short term upward trend towards the main resistance at around 4930 sats.
Accumulation Area : 3650 sats - 4100 sats
Distribution Area :
Short Term Targets
Target 1 : 4330 sats
Target 2 : 4515 sats
Target 3 : 4930 sats
Mid Term Targets
Target 4 : 5400 sats
Target 5 : 8864 sats
Target 6 : 6648 sats
Target 7 : 7416 sats
Target 8 : 8486 sats
Target 9000 : 8486 sats
Stop Loss : 3340 sats
Risk : High
Capital Allocation : Up to 5%
Daily Bullish Signal $RDN #RDN RDN/BTC (08 November)#RDN (RDN/BTC)
Buy : 7700-7800
Stop : 6900
BLUE ARROW indicates EXPECTED Time and Targets
Level up Stoploss point to maximize profit and reduce risk
If you need help, contact me
