#RedStoneCrypto RedStone (RED) coin's current price is around $0.4181, with a 24-hour trading volume of $14,060,474 USD and a market cap of $117,072,703 USD ¹. Here's a breakdown of its technical analysis:
Trend Analysis
RedStone's overall trend is bearish, indicating a potential downswing in its price. However, some analysts suggest that RED is forming a reversal pattern, which could lead to a price increase if the buyers manage to gain a foothold above the resistance level ².
Key Levels
- *Support Levels*: $0.4075 (24-hour low), $0.3996 (all-time low) ¹
- *Resistance Levels*: $0.4413 (24-hour high), $1.46 (all-time high) ¹
Oscillators and Moving Averages
- *Oscillators*: Neutral, with some indicators showing buy signals ²
- *Moving Averages*: Neutral, with some indicators showing strong sell signals ²
Trading Signals
- *Buy Signal*: Some indicators suggest a strong buy signal, while others indicate a buy signal ²
- *Sell Signal*: Some indicators suggest a sell signal, while others indicate a strong sell signal ²
Entry Points and Stop Loss Placement
- *Entry Point 1*: Buy RED at $0.4413 (breakout above the resistance level)
- *Entry Point 2*: Buy RED at $0.4075 (rebound from the support level)
- *Stop Loss 1*: $0.3996 (below the support level)
- *Stop Loss 2*: $0.3896 (below the lower support level)
Take Profit Targets
- *Take Profit Target 1*: $0.50 (potential profit: 19.62%)
- *Take Profit Target 2*: $0.60 (potential profit: 43.48%) $RED
