ReddCoin (RDDBTC) finally prints a strong breakout... I will say this before even starting; RDDBTC will generate massive gains in 2019... So hit LIKE so that we can continue...
ReddCoin (RDDBTC) daily chart analysis
The chart above is pretty classic for a cryptocurrency that has been on a bear market for long. We see long terms of bear action, followed by short but strong waves up.
These waves up can last several weeks to a few months. You can see them above marked with green on the chart.
Right now we have a very strong breakout, great volume, which moved RDDBTC price above EMA50 and EMA100, and reached all the way to EMA200 (MA200) where it found resistance and retraced.
The RSI is super bullish, in fact, already reached overbought, so you can expect a retrace.
The MACD printed bullish divergence for long, there is also a bullish crossover and it is now on the bullish side.
RDDBTC will generate great profits. 365% Profits Potential (PP) to January's 2018 top price and over 500% to a new ATH.
Hit LIKE TO SHOW YOUR SUPPORT.
Buy in, targets, stop loss and trade details below.
Trade instructions for ReddCoin on Bittrex
Buy in: Up to 44
Targets for RDDBTC by Alan Masters:
(2) 54 (3) 64 (4) 86 (5) 102 (6) 122
Long (1) 157 (2) 179 (3) 196 (All time high) (4) 271 (new high)
Stop loss: Close weekly below 28.
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