Hello,
RDN is a project to keep your eye on. Atm moment they are in an undervalued area compared to competitors. Their tech is solid and worth reading up on.
Now form a trading perspective the haven't regained any thru momentum. And percentage wise recovered less strong than most others.
We can see on the chart that we are in a neutral zone between 20K and 26K sats. The resistance is formed by the 100MA and down cup. However, we broke the ICHI cloud and could gain some momentum from it.
There is room for up on the MACD. The Stoch RSI confirms the reversal momentum. You can enter with a shortstop @ 23.5k sats or at the stronger 20k sats level.
Goodluck and leave a like if you appreciate the chart
RDN is a project to keep your eye on. Atm moment they are in an undervalued area compared to competitors. Their tech is solid and worth reading up on.
Now form a trading perspective the haven't regained any thru momentum. And percentage wise recovered less strong than most others.
We can see on the chart that we are in a neutral zone between 20K and 26K sats. The resistance is formed by the 100MA and down cup. However, we broke the ICHI cloud and could gain some momentum from it.
There is room for up on the MACD. The Stoch RSI confirms the reversal momentum. You can enter with a shortstop @ 23.5k sats or at the stronger 20k sats level.
Goodluck and leave a like if you appreciate the chart
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if you move the chart a little you will see that i typed that volume is picking up slowly:)
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touch resistance- lets see if we can break up