Redstone Bulls Eye $ 1 while red to the supply area! star-news.press/wp

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In the wake of the Upbit list on Friday, the Redstone icon prices increased by 66 % a day, as the show area exceeded $ 0.5. The bulls would like to see the constant purchase pressure to push the red color up.

Redstone (RED), a 101 % Oracle Code, has an increase in daily trading over the past 24 hours at the time of the press.

but, Coinmarketcap data It revealed that the increase in size came, along with a significant decrease in prices in the short term by 9.38 % in 24 hours.

During the same period, Bitcoin (BTC) and ETHEREUM (ETH) recorded 1.78 % and 2.09 %, respectively. The total number of Altcoin market fell 1.3 % in 24 hours, helping to explain the Redstone price losses.

What is the long -term and short -term trend of the distinctive symbol, and should you buy, sell, or wait for better market conditions?

Can Redston Bulls defend recent gains?

On September 5, the catalyst for the rapid gathering was the list advertisement. At the highest point of $ 1.19, Red gathered 193 % for today.

The Red/USDT pair on Binance 139.57 million dollars in the immediate trading volume per day, compared to an average size of 20 days at a value of only $ 17 million.

Source: Red/Usdt on Tradingview

A large part of this step was thrown to sell pressure and profit profits. A set of Fibonacci re -imitation levels were drawn on the great gathering of today. It showed that $ 0.573 was a major support.

To the south, the demand area of ​​$ 0.5 was a psychological and technical area for buyers to defend it. It has been resistance since April, and it should provide a re -test as a good purchase opportunity.

To the north, the goals were at the following price $ 0.7, $ 0.9, resisting round numbers at $ 1, and $ 1.19, which was the highest level on September 5.

OBV rose to the top after the last purchase spree, and the wonderful oscillator referred to the bullish momentum without any sign of the declining difference, at the time of the press.

The moving averages did not reach the price after one day increased by 65.87 %.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer