From the contraction in the charts below it looks like we're due for a move very soon; at least sometime over the next few days.
Based on previous chart analysis (not mine) RDD is said to currently be in an extended consolatory fourth wave of a larger fifth wave movement. Based on that analysis, price is likely to go up. On the other hand, the contracting pendant in the charts below is descending and therefore possible to fall further south.
It should be noted that they are very close to releasing a mobile wallet, a web wallet, and of course, their shining jewel: Redd-ID, as well as Core 2.1 updates for much faster blockchain sync times so even if the break from the pendant sends the price down, I will be thinking of it as a buying opportunity.
Hourly chart:
Daily chart:
All information above is based on my analysis only and does not constitute financial advice. Please invest/trade responsibly.
Donations welcome:
Reddcoin (RDD): RpFqLUX1TV9Lf8wpYrW4SNUtw2rw1jLMcZ
Bitcoin (BTC): 181N6nFifnQ8nACkHCSqVPJpHggYcSFsZZ
Litecoin (LTC): LhrJikm8DnQNqzTRAvBcapbcGqLQDVLm8T
Ethereum (ETH): 0xeb7fe37ca144998d3ca59b16bc2e55e7a3b8c21a
Ethereum Classic (ETC): 0xb3afc588156ccc4208375682b21ff15ee553007c
(edit: added donation addresses)