Raiden Network price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Raiden Network price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of RDN has broken last trend and will RAISE from the support level $0.594

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
0.594 Minimal price support level based on 24 hours movements

Raiden Network price levels prediction for next 7 days

Next 7 days brief prediction

Price of RDN will be traded in CHANNEL near to $0.61079997 with $0.6164 as upper border and $0.59999996 as bottom.

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.7529093623161316 Weight: 8.886 13 Jun 2018
$0.47891101241111755 Weight: 5.108 17 Aug 2020

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.6164 Channel maximum price resist level based on 7 days movements
0.59999996 Channel minimum price resist level based on 7 days movements

Raiden Network price levels prediction for next 30 days

Next 30 days brief prediction

Price of RDN has broken last trend and will FALL from the support level $0.6566

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$0.8068013787269592 Weight: 7.296 05 Oct 2018
$0.7529093623161316 Weight: 8.886 13 Jun 2018
$0.47891101241111755 Weight: 5.108 17 Aug 2020

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.6566 Maximum price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.93681985 details, prediction
0.92795014 details, prediction
0.8830965 details, prediction
0.87313783 details, prediction
0.8695867 details, prediction
Second tier
0.87558633 details, prediction
0.87177664 details, prediction
0.8579861 details, prediction
0.8554105 details, prediction
0.845978 details, prediction
Third tier
0.9394434 details, prediction
0.92029077 details, prediction
0.89535695 details, prediction
0.8892335 details, prediction
0.880315 details, prediction


This report should be leaned to get most info about heading trends. It means that Raiden Network price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Raiden Network
Low correlated currencies
Coin Correlation Links
First tier
-0.0034451506 details, prediction
0.014696456 details, prediction
0.032273244 details, prediction
0.11269151 details, prediction
0.12276528 details, prediction
Second tier
-0.6476465 details, prediction
-0.4225678 details, prediction
-0.3830987 details, prediction
-0.36492884 details, prediction
-0.36082664 details, prediction
Third tier
-0.78485966 details, prediction
-0.7525447 details, prediction
-0.7149476 details, prediction
-0.7007122 details, prediction
-0.6802018 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)