Red coin made 5 wave advance which I counted as wave 3 being done. Pulled back for wave 4 in progress which I expect to end at 49-50 sat by today or max tomorrow ! It's good trade to place an order at mentioned level to ride the up coming wave 5 . First target would be just over the last high shown on chart at 221 sat, followed by higher targets which I will update at later dates !
What is the long term on this or jan target levels?
edwardcryptoamos
⋅
@tarunjain909, short term 325 then 365 in which I will exit 40% , then holding some for 500 to 600 levels since Red coin is part of POS coins with master nodes so upside is hugh.
tarunjain909
⋅
@PAHMAD1339, - well those are high numbers.. good i asked.. now i can plan my sells... btw 500-600 for jan or later.. like march/april ?
edwardcryptoamos
⋅
@tarunjain909, It's possible for Jan, but I don't bet on it. First two targets expect to happen this month!! Just have patience and all be good .
huynhmathi
⋅
Sorry to shut your hopes down but I don't think it would break out at the moment. In its 1D chart the downtrend is still countinuing. I suppose it would dump to 30-35 satoshi in mid January and then bounce back. Just be patient
edwardcryptoamos
⋅
@huynhmathi, Well, Thanks for your comment! I do not enter a trade hoping to work out. I take a trade with highest probability .Usual time line for this correction to the 5 wave advance was yesterday, sure could very well extend to today too but as long as price has not gone below yesterdays low, we're good !
For the time being this is the scenario I think will play out . If RDD drops below 41 then this scenario not valid any more and we will look at diff approach .
tarunjain909
⋅
Thanks Mr ED for the much needed analysis
issag
⋅
By the way...looks like it's moving forward and not dropped from the 66 support line. Can you comment?
edwardcryptoamos
⋅
@issag, Only if goes over 96 we have the 1st confirmation for bull run. But what do you mean by loosing a lot of money? If you mean lost making profits, Ok ! Since you loose only if you choose to do so!!!! No one can force you to close a position with lose but yourself, and I never ever close a position with lose no matter how long it's going to take!
Plz keep this in mind ! There is no leverage and / or margin call in cryptos unless you trade by leverage which I do not recommend .
issag
⋅
Thank you. Lost a lot of money here....hoping to recoup some and more!