RAD/USDTHello Traders,
RAD has just recover from its corrective move lately and already on a reversal. Its jumped out from a falling wedge and turned major resistance at 10.1$ into major support. Supported by several MAs and based on Elliot Wave Theory RAD seems to be about moving on its 3rd wave. A decent pump is expected.
Buy: $10.5-11.5
TP1: $12.9
TP2: $16.9
TP3: $23.8
RADUSDT
RAD inverted head and shoulders#RAD/USDT
$RAD is below a descending resistance that can be the upper line of a triangle pattern, also there is an inverted head and shoulders pattern that price is below the neck line.
possible price drop to ascending support, that is the same with support zone around $10.7 and then head up to break out descending resistance and then try to break out from resistance zone and increase to $13.6 and even $15 to touch the target of reverse head and shoulders.
RAD Breakout if Support Holds!After breaking the 61.8 resistance and forming a new ATH on 10/7/21, RAD has been stuck in a downwards trend.
However, a trend reversal can clearly be seen as RAD continues to form higher lows in its effort to reclaim the level, with multiple retests along the way. Price finally closed above resistance on 11/27/21, which it hasn't accomplished since forming its ATH.
Another bullish divergence can be seen with its volume spiking to previous highs with low selling pressure, along with one key difference: RSI is not overbought.
If the 78.6 can hold as support and price remains above the trend line, I'm extremely bullish on RAD.
Disclaimer: This is not financial advice. Please form your own trading plans and trade responsibly.
Good luck!
RadusdtThe Radicle token (RAD) is designed as a governance token that enables a number of Ethereum-based features as well as the communal ownership, collective governance, and long-term sustainability of the Radicle network. ... Discounted or no fees when interacting with Radicle's Ethereum-based protocols.