Radix | XRDRadix has kicked off 2023 with an impressive performance, as evidenced by XRD’s recent surge that conspicuously stood out atop the cryptocurrency charts.
This surge can be attributed to the rollout of Babylon RCnet, which is Radix’s latest milestone release, incorporating novel features and capabilities for both developers and users.
The price of Radix is $0.059 today with a 24hour trading volume of 10 million dollar. This represents a 15% price increase in the last 24 hours and a 35% price increase in the past 7 days
Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the HKEX:400 trillion global financial system and worked backwards from that objective.
December was a momentous month for Radix, as it marked the launch of the highly-anticipated Babylon Betanet. This development served as an ideal launchpad, paving the way for an exciting start to 2023. with six promising projects accepted onto the 12-week program, the Radix ecosystem is poised to receive a significant boost that could prove to be immensely valuable in the long run.as the calendar flipped to February, the Radix team hit the ground running, not only to get the grant program projects up and running but also to participate in the Scrypto DeFi Challenge. With Scrypto as the native language for Radix developers, they had the opportunity to compete for a slice of the 50,000 $ prize pool.
Xrdusdt
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..
XRD RADIXI'm bullish on XRD. After the recent lows, it should explode in a few days or weeks if BTC continues to perform well.
Bullish divergence on the RSI in the weekly chart.
I took a position between 0.038$ and 0.039$, i think bottom is here or near.
I also like the fact that XRD is completely under the radar right now, no one is talking about it anymore even though the project continues to evolve in the good direction.
Radix (XRD)Radix is a layer 1 smart contract platform built to create a Web3 based on Scrypto programming language. Anyway, it seems XRD is about to repeat the previous pattern; a descending curved triangle pattern break upward. If successful, XRD can start a new upward wave. Let's see what happens.
Radix XRD USDT Looks Bullish for Short TermXRD Looks bullish for short term as it had Market structure shift on Daily TF and Tapped on Daily FVG as well.
On H4 It looks like AMD Model Where we have accumulation first (Blue) then Manipulation (Red) and Now i am expecting Distribution to the Upside for Buy side Liquidity.
Targets are marked with red lines.
Let's see how it plays out.
if you like my idea hit the boost/like button :-)
NOT A FINANCIAL ADVICE it's for educational purposes only.
XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉
In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL .
Let's take a look at ideal buy zones and future upside potential in this quick video analysis.
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CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
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 $0.23.
We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
XRDUSD falling wedgeAfter a huge price increase XRDUSD is now forming a falling wedge. It was wildly overbought. It must calm down what happend because the whole crypto market had a cool down period. As said the pattern is a falling wedge which is a bullish sign. Much will depend how the whole crypto market reacts of it will breakout to the upside or downside...
Radix (XRD) price increaseAfter a period of 299 days(!) it seems Radix (XRDBTC) is breaking the falling wedge. Let see if it can hold. I think it will come lower after a couple of days because it's overbought when you look at the RSI. Hopefully the resistance of the falling wedge will then be support for the next run. Also the volume is increasing so that's a good sign IMO.
Also take look at XRDUSD(T) to see a nice price development
Nice uptrend channel for RadixAs you can see Radix is in a nice uptrend. Below you can see there's a lot more buying (green candles) volume than sell volume (red candles). The RSI is slightly raising but there's room for more growth. Even XRDBTC is back in a large falling wedge which is a bullish pattern
XRDUSD - Falling wedgeXRDUSD is in a falling wedge. Usually the biggest chance is it breaks out to the upside. Also the RSI is very low at this moment which means there is a big opportunity the price will go higher.
But when the whole market is going down there is a chance also XRD goes down. So two scenarios. Let's see how this plays out
EXRD - double digit green as soon as crypto bounced a little- falling wedge retested ✅
- bullish divergence extended ✅
- small resistance at 0.30$, 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.