RDN/BTC (Good Bounce @ Key Support?)

💎Technical Analysis Summary💎


BINANCE: RDNBTC


-Raiden Network Token tested the key area of support and saw a good bounce
-Though this is a good sign because the support is being respected
-But this is still not enough to confirm a reversal of the downtrend
-We need to see reversal patterns like Double bottom or IH&S patterns
-Until we see multiple reversal signs, this small rally will not hold longer
-I recommend to wait and be patient until the key signal shows up





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