GoodmanSimon

One last bounce of the 50 EMA?

BITTREX:RDDBTC   ReddCoin / Bitcoin
In the past few weeks RDD has bounced off the 50 EMA .

Will it happen one last time before falling well below?

I really don't see much more than 104 and an entry point of 90

As I said in the past, this coin is definitely in a downward spiral so don't expect much more than a quick 5%/10% profit ...
Kommentar: Looks like RDD does not even have the legs to bounce back up.

Historically it does bounce ... but when is a mystery, I will keep watching it for the next day or two before calling time on that coin.
Trade ist aktiv: It would be really interesting to see if RDD will bounce back after the BTC correction...

If it does, then I, for one, would be rather surprised.

But I have a sell order at 102 and 104 ... I mean ... why not?
haha i doubt it can bounce up when BTC is throwing rocks non-stop on altcoins...
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This coin, like most other alts is conditioned by BTC movements. As long as BTC doesn't have stability most alts will not go so good. I am holding RED but I doubt there will be a breakout soon
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@shorty83, yes, I agree, but RDD has no real ongoing development, no roadmap, no developer, compared to just about any other coins, it is a poor investment.
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