ReddCoin (RDD): A Decisive Breakout?

in #reddcoin7 years ago (edited)

SUMMARY

ReddCoin (RDD) has broken out of the triangle patterned correction. However, is it decisive? Price has been goin sideways and so likely consolidating before the surge upwards. There are times when the price surge is almost delayed, even after the initial breakout. As the current minor consolidation ends, that surge could be seen.

That surge could come in the form of a wave 3 (blue). The price would ideally exceed $0.00735; in other words, put in a higher high. It would be best fit for a wave 3 to enable this price action. Once this price level is breached, the nature of the breakout would become more impulsive and more genuine it will become.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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I remember when I bout RDD at 33 satoshi and then it went to like 10 satoshi only to explode to 193! Patience my friends. Patience

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Agreed. Reddcoin powered by a new development team are on gear to bring Redd-ID & a highly innovative and very easy to Use multi platform wallet. Will surely help with some serious price action.

Looks very bullish indeed. I'm just having troubles defining a true breakout. I know volume plays a huge part but often times what looks like a breakout is just an extension to the correction.

Don't let these haters faze you @investingtips keep doing you! This is meant to be a free platform for the people away from dictatorship and I will keep supporting your articles.

redd coin will be sucessful

...............based on what? The coin and project are dead. Their last update is from september 6th 2014

Thank you for always sharing a very valuable information with steemitians, you are such a life saver on this platform.

Congratulations! Reddcoin was the most profitable currency from last year’s Altcoin Obituaries

That's just to show us how stupid we are:

ReddCoin

Altough mentioned by @haejin several times, their last post is from september 6th 2014 with the following announcement:
"The three goals have all been achieved so it’s time for us to enter stage two: the buildout of services to make Reddcoin actually useful.This is what Social X is meant for."
Untill now they didn't deliver anything

I am curious as to why you are spreading FUD about Reddcoin ?
https://twitter.com/reddcoin

was one of , not the most profitable, what about SPR, CAT, ...... and a couple of others.

why bts is going down... curiously...

Interesting.. will keep eye out thanks a lot!

I think in the long term RDD will be taken out by a Facebook coin.

The fiat world is never gonna blend itself into the cryptoworld. A statement made like that is like a discussion about the golden crown of the King............
Facebook - Google - Youtube - eBay are never gonna be decentralized. Becoming decentralized is the same as giving away their power.

Nice as it has nothing to do with FB itself becoming decentralized. The coin to pay/reward members by the community can be decentralized.

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
EOSEOS9.134$5.77%32.67%
QAUQuantum0.197$1.83%43.06%
RDDReddCoin0.007$7.84%36.55%
WAVESWaves5.697$2.08%29.89%

Hope you have taken your profit by now

Somehow your concern for the bot's well-being comes off as genuine. Go figure.

Sorry, but I really don't know where you are talking about at all?

It's just funny that you replied to a bot post, and that you offered the bot trading advice ;P