In my opinion it seems Radix has started forming a cup-and-handle formation. It's very early to predict the pattern so let's (wait and) see what the price will do the upcoming weeks. When the pattern is confirmed it's definitely a bullish sign. Then you can draw a line from the bottom of to the upper part of the "cup". Take that distance and put it at the point of...
After a huge price increase XRDUSD is now forming a falling wedge. It was wildly overbought. It must calm down what happend because the whole crypto market had a cool down period. As said the pattern is a falling wedge which is a bullish sign. Much will depend how the whole crypto market reacts of it will breakout to the upside or downside...
After a period of 299 days(!) it seems Radix (XRDBTC) is breaking the falling wedge. Let see if it can hold. I think it will come lower after a couple of days because it's overbought when you look at the RSI. Hopefully the resistance of the falling wedge will then be support for the next run. Also the volume is increasing so that's a good sign IMO.
Also take look...
XRDUSD is in a falling wedge. Usually the biggest chance is it breaks out to the upside. Also the RSI is very low at this moment which means there is a big opportunity the price will go higher.
But when the whole market is going down there is a chance also XRD goes down. So two scenarios. Let's see how this plays out
The price is going down within a descending channel for a while.
The bottom is very close.
How much can radix still go down?
The lowest price was 0.08.
The current price is 0.13.
There is still a risk of losing about 40% of the value. That’s not small.
What about enter now?
What is the reward for this risk?
To be very conservative 0.30, a gain of 300%....
Radix DLT is a distributed ledger technology to specifically serve #DeFi
My analysis of Liquidity and exchanges shows a massive growth is inevitable.
Great Technology, Eth Killer
A nice and strong break out from the bearish channel will get my attention!
2022 and 2023 looks so bullish for radix and the whole radix ecosystem. Also, there's a memecoin on radix, look strong, dogecube (make sure you get on tg)
- falling wedge retested ✅
- bullish divergence extended ✅
- small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙
Falling channel is also possible new pattern here.
Radix is the first layer-one protocol specifically built to serve DeFi.
65% discount from the ATH seems reasonable signal to act. Retrace to Anchored VWAP (from trading start) and falling wedge are another green flags for this decision.
Project is well known to most of crypto community and some of most popular crypto influencers adores it (CryptoBirb and...
Second TA.
Possible scenario?
Feedback is welcome.
I am going for the Volume at the rotations (fixed range).
I focus at the POC's from past, even consider the HVN and LVN in this areas.
