$RDD/BTC preparing
RRDD is another old coin with an insanely good looking chart with volume on the rise.
Last cycle RDD went from 1 satoshi to 200 and this time no one should expect this to differ much.
To get a better view on the lower levels of the chart.
The 31 satoshi is on the 0.764 fibline of the first fibset, historical strong level playing as both resistance in an uptrend and as a support in a downtrend. Once this level is cleared RDD is ready to take it a gear up.
Next up is the 50 satoshi level which shares 2 fib levels, the 1.272 of the last cycle and the 0.236 of the new fib pulled after the cycle from the at the time local low made at start of 2020.
Up next another less important resistance might arise around the 80 satoshi level where the 0.382 fibline sits.
To get a better view one has to zoom out which provides a glimpse into further potential resistances and targets.
Around the 100 satoshi line are again 2 fibs, the 2.618 from the old cycle and the 0.5 line from the new fib, hence this would be my first area for taking some profits.
Up next is the 4.236 fibline at 166 satoshi which ultimately acted as a top last cycle (the price did spike through it but it proved to be a hard enough resistance point to start the trend reversal) which makes it another great level for profit taking.
Finally we have the 2.618 fibline of the new fibset sitting at 500 satoshi which would be my target looking for a new all time high in this cycle.
Last cycle RDD went from 1 satoshi to 200 and this time no one should expect this to differ much.
To get a better view on the lower levels of the chart.
The 31 satoshi is on the 0.764 fibline of the first fibset, historical strong level playing as both resistance in an uptrend and as a support in a downtrend. Once this level is cleared RDD is ready to take it a gear up.
Next up is the 50 satoshi level which shares 2 fib levels, the 1.272 of the last cycle and the 0.236 of the new fib pulled after the cycle from the at the time local low made at start of 2020.
Up next another less important resistance might arise around the 80 satoshi level where the 0.382 fibline sits.
To get a better view one has to zoom out which provides a glimpse into further potential resistances and targets.
Around the 100 satoshi line are again 2 fibs, the 2.618 from the old cycle and the 0.5 line from the new fib, hence this would be my first area for taking some profits.
Up next is the 4.236 fibline at 166 satoshi which ultimately acted as a top last cycle (the price did spike through it but it proved to be a hard enough resistance point to start the trend reversal) which makes it another great level for profit taking.
Finally we have the 2.618 fibline of the new fibset sitting at 500 satoshi which would be my target looking for a new all time high in this cycle.
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