XRD Radix idea 29 June 2022Radix could dip down to the $0.03 price range before regaining strength and moving on to challenge the 0.236 fib rentracement zone
We are severely oversold according to the daily RSI
A & B both show both have us moving up to challenge the $0.20 price range with B being the more bullish scenario
I will cover this on my show
XRDUSD
Can RADIX Pull A Fantom?RADIX (XRD) is DeFi only chain just like Fantom. The project has huge backers, the big dogs and it has a strong community behind. I am not shilling the project, however, this project might have the potential to pull a Fantom like price action by 2023 if you can be patient enough and buy in increments. This is not a buy today get rich tomorrow project; it is rather a mid to long term hold project with a strong community and backers.
Best regards,
EXRD - double digit green as soon as crypto bounced a little- falling wedge retested ✅
- bullish divergence extended ✅
- small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙
Falling channel is also possible new pattern here.
EXRD - good buy for short and long termRadix 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 DataDash for example).
I missed it when it was in accumulation, but I won't miss it this time. I bought it at around 0.25$ and if it dipped even more I'm planning to add more at 0.18-0.20$ and at around 0.15$ if it reach it (this would be strong and big buy for me).
Community on all social platforms is very active which gives me even more confidence in Radix.
Recently EXRD was added to Coinbase Custody (Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012) which is good sign too.
Resistance: 0.38$ (red box) + Anchored VWAP line (from ATH) which are getting closer and closer. Once it is turned into support, recent ATH will be reached fast.
Take profit targets: 20-25% of position at previous ATH level and rest of position depending on further price action.