XRDUSD Major bullish break-out.
We last looked into Radix (XRDUSD) back in April, giving an accurate sell signal (see chart below) upon the 0.1200 Resistance rejection, hitting both of our 0.0700 and 0.0550 targets:
The price made today the first major bullish break-out since April, breaking above the Lower Highs trend-line, as well as the 1D MA50 (blue trend-line). It is testing now the 1D MA200 (orange trend-line) as a Resistance for the first time in a month but the key level to break will be the 1D MA100 (green trend-line), which had a clear technical rejection on Kuly 14 that made the Lower Low.
At the same time, the 1D RSI also broke above its Lower Highs trend-line, giving an additional buy signal, so if the candle breaks above the 1D MA100, we will buy the final confirmation and target 0.08600 (just below the 0.5 Fibonacci level).
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The price made today the first major bullish break-out since April, breaking above the Lower Highs trend-line, as well as the 1D MA50 (blue trend-line). It is testing now the 1D MA200 (orange trend-line) as a Resistance for the first time in a month but the key level to break will be the 1D MA100 (green trend-line), which had a clear technical rejection on Kuly 14 that made the Lower Low.
At the same time, the 1D RSI also broke above its Lower Highs trend-line, giving an additional buy signal, so if the candle breaks above the 1D MA100, we will buy the final confirmation and target 0.08600 (just below the 0.5 Fibonacci level).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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