Maintaining its move, and moving to break ATH. RDD is currently consolidating between 119 down to 107sats. To check the possible price movement the following will be used;
DIVERGENCE and CHART PATTERN
THE BULLISH DIVERGENCE
Divergence occurs when an indicator trends in one direction and price trends in another direction. Specifically, an indicator will make lower highs while price makes higher peaks, or the indicator will make higher valleys even as price tumbles to new lows.
Divergence is a reliable trading signal, but it's not timely, meaning that price usually follows the direction of the indicator, but it make take months before it does.
THE BULLISH HIDDEN DIVERGENCE:
If the price of an asset makes a series of higher lows, this can denote an uptrend is underway.
If you spot that the indicator has at the same time made a series of lower lows, you have identified hidden divergence.
In this case, it suggests that the uptrend will continue and you could choose to go long, or buy, the asset.
AS SHOWN BELOW:
Lastly the PENNANT FLAG PETTERN
The flag patterns works well well the flag looks like a symmetrical triangel or has a rectangular shape with a pole holding it up and more consolidation.for more on flag and pennant check previous chart.
The oscilator(stochastic RSI) fully oversold while the volume reduces 75% of the move.
Technicals suggests that price is currently oversold and calling for a continuation to the up side. A buy signal will only be triggered when price breaksout of the flag and closes above it.
STOP LOSS: 0.00000103sats
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.