I feel pretty good about these two coins; their trends are similar.
After a volume increase at the daily chart bottom, it has been consolidating for 5 days now, very strong. Usually, if it doesn’t change within 10 days, there will be a result. The fact that it can't fall indicates that it is likely to rise. This was taught to me by a scam teacher during a live broadcast at the beginning of 2023, saying it is a rare pattern known as 'one bullish finger'.
Two large bullish candles with volume increase: indicates that the main force has absorbed all the sell orders above. After the increase, the consolidation has been going on for five days. The purpose of the consolidation is to allow the uncertain to exit, and the reduced volume shows that the main force has not participated in the selling, but has absorbed all the sell orders.
Looking at the three-week chart of RDNT, it shows significant volume, definitely not retail buying power.
My previous impression of these two coins was that MKR rises like a bulldozer, while RDNT is like premature ejaculation; it reacts quickly to any movement downwards, breaking new lows. Now it seems to be performing quite well, worth paying attention to.
Near the previous high is a good position; surprisingly, it didn’t reach the drop last night; it’s too strong. Continuing to observe 👀
