The RSI is very, very low indicating a possible recovery but the MACD is still indicating pressure.
The Crypto market is looking better this week, (some good general announcements), and, traditionally, #RDD follows that pattern.
In the last month when RDD has hit 30RSI it bounced back to a solid +60 so I would expect it to climb back up.
I would buy at around 75-77 and aim to sell again at about 85 with a stop loss around 69.
Keep an eye on the MACD as a good indicator of a turn around
The Crypto market is looking better this week, (some good general announcements), and, traditionally, #RDD follows that pattern.
In the last month when RDD has hit 30RSI it bounced back to a solid +60 so I would expect it to climb back up.
I would buy at around 75-77 and aim to sell again at about 85 with a stop loss around 69.
Keep an eye on the MACD as a good indicator of a turn around
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It took a bit longer than expected, but we seem to have started a turn around.Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.