Radix bottomingThere is a hugh triangle forming for XRDUSD. There is also a big line of support. Even on the XRDBTC-pair. XRDBTC is forming a big falling wedge, which is a bullish pattern. Low on the RSI as well..
This all, together with the request from the Radix community for listing the (e)XRD-token on Binance this can be a big opportunity for Radix to go significantly higher. Radix is still great technology and has a relative small market cap..
Radixdlt
Radix higher lowsAs you can see on the chart Radix is slowly but steady making higher lows. Also en declining line of resistance.. The XRDBTC shows a multi-year descending triangle (check my idea at XRDBTC).
The project has also launched a couple of bullish actions based on the #breakout2024 "project" as you can read here www.radixdlt.com
Nice and bullish actions if you ask me.
$EXRD / $XRD HopiumHumans struggle to comprehend exponential curves, but the history of crypto has shown that the log chart it is the only rational TA method for mature projects.
If Radix were to match the market cap of Solana CRYPTOCAP:SOL , its price would be ~$7.50. Radix's superior tech, narrative, and ecosystem could 10x that, and at the apex of the bull market 5-10x that again.
Therefore, we are giving a price target of ~$200 before the end of the year, with Bitcoin at $400k by the same analysis.
Radix is down at the support lineAfter a major swing upside, Radix is coming down to the support level. On the daily it's likely(!) you will see positive divergence on the RSI in the upcoming hours/days.
Even the cup-and-handle formation is still in charge to be formed although it will be take longer then I primarily thought it would take to create. A lot depends on how the whole economy and crypto-market will develop.
Radix cup and handle formation(?)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 the outbreak to see what's the target. When I'm doing this calculation, XRDUSD token-price has a target of approximately $0.23.
We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
XRDUSD falling wedgeAfter 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...
Buy XRD/USDT W1-D1 (TF = 2-3 months)Buy XRD/USDT (spot: Bitfinex, Gate, Kucoin)
entry: current price (0.042-0.043)
target: 0.11-0.17 (incremental fix)
invalidation: close below 0.033 on TF D1
FA/events/news: upcoming major release called "Babylon" in June 2023
TA: After slow bleeding in summer 22, XRD witnessed seller's capitulation in the end of Nov, 22 on high volume.
In Jan, 23 higher high (HH) was printed (obviously, it was a resistance at 0.06).
Then, we saw a successful retest of support (0.035-0.037) in March on high volume with higher lows.
RSI on W1 is trending up.
Overall narrative is also positive.
So, I don't see any selling pressure until 0.11-0.17
Decent R/R trade.
Radix (XRD) price increaseAfter 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 at XRDUSD(T) to see a nice price development
Nice uptrend channel for RadixAs you can see Radix is in a nice uptrend. Below you can see there's a lot more buying (green candles) volume than sell volume (red candles). The RSI is slightly raising but there's room for more growth. Even XRDBTC is back in a large falling wedge which is a bullish pattern
XRDBTCMy personal opinion at this moment is XRDBTC will follow the green line. XRDBTC is in a downtrend for months but XRDUSD is getting more momentum so it's possible it will bring XRDBTC to higher levels.
At this moment XRDBTC is a bit high on the RSI so I think it will come lower before it uptrends higher to the line of resistance and break it.
If the whole crypto-market goes downwards, XRD(BTC) also does and it will probably retest the support line.
That's for the short term. For the long-term I'm very bullish on Radix. It's a great project IMO which has a lot of potential.
EXRD - double digit green as soon as crypto bounced a little- 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.
Unexpected Correction Due to the Market#EXRD#XRD RADIX, now bullRADIX IN SHORT TERM
We broke above that bearish trend line, pull backed and it looks so bullish now on 15m and 4h
Radix short term breakout incomingRadix is one of my favourite altcoins picks of this cycle. Short term looking like a breakout soon