I received some messages about Radium (RADS), which is available for trading on Bittrex. Radium is about to expand, might be added to new exchanges, and the charts are looking really good.
Let's analyze the chart and position ourselves for a LONG and potentially very profitable trade; with low risk on the way.
Radium weekly chart:
Above you have a weekly chart, each candle represents 7 days. This is a long term chart and signals here are very strong. This is a full analysis which contains short, mid to long term targets.
Patience is key to succeed in this game. Most trades will do wonderful and generated amazing profits, some will go wrong. That is why we diversify and also always use a stop loss.
Let's get started.
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The brown line on the chart represents a low point hit after RADS bull run.
RADSBTC bounced from Dec. 2016 low prices.
We can spot bullish divergence between price and MACD, this is marked with a purple arrow. You can see price going down while MACD going up.
RSI reached oversold and curving up (Weekly time frame oversold for me is 30-35. Daily time frame oversold is 20-25).
STOCHRSI moved to the bullish side.
Huge increase in volume, highest since early April. (Highest volume in 6+ months).
These signals are clear and strong, let's trade this coin.
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