RED 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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RED price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of RED has broken last trend and will RAISE from the support level $0.002064

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
0.002064 Minimal price support level based on 24 hours movements

RED price levels prediction for next 7 days

Next 7 days brief prediction

Price of RED will be traded in CHANNEL near to $0.0022119998 with $0.0023639998 as upper border and $0.002004 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

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.0023639998 Channel maximum price resist level based on 7 days movements
0.002004 Channel minimum price resist level based on 7 days movements

RED price levels prediction for next 30 days

Next 30 days brief prediction

Price of RED is now on EDGE at $0.002072. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $0.002888 with $0.0042479998 as upper border and $0.002072 as bottom. If price will go down, it will FALL with support level $0.002072

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
$0.005898050498217344 Weight: 23.077 25 May 2021
$0.003576676594093442 Weight: 6.701 22 Jun 2021
$0.003238395554944873 Weight: 23.589 01 Mar 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.002072 Edge price dividing trends based on 30 days movements
0.0042479998 Channel maximum price resist level based in case of RAISE trend on 30 days movements
0.002072 Channel minimum price resist level based in case of RAISE trend on 30 days movements
0.002072 Minimum price support level in case of FALL trend based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9360344 details, prediction
0.9202103 details, prediction
0.9033517 details, prediction
0.8955117 details, prediction
0.8927569 details, prediction
Second tier
0.9202933 details, prediction
0.9167024 details, prediction
0.91630447 details, prediction
0.9156978 details, prediction
0.9150945 details, prediction
Third tier
0.93247527 details, prediction
0.9313646 details, prediction
0.9299597 details, prediction
0.9223488 details, prediction
0.9223466 details, prediction


This report should be leaned to get most info about heading trends. It means that RED 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 RED
Low correlated currencies
Coin Correlation Links
First tier
-0.28480336 details, prediction
0.705586 details, prediction
0.7639363 details, prediction
0.77661693 details, prediction
0.8074914 details, prediction
Second tier
-0.5831934 details, prediction
-0.4988522 details, prediction
-0.48421645 details, prediction
-0.45467308 details, prediction
-0.4144349 details, prediction
Third tier
-0.7845735 details, prediction
-0.7802118 details, prediction
-0.65198314 details, prediction
-0.5841733 details, prediction
-0.574075 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)