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
EXRDUSDT
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
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
Radix (Are you in?)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%.
Does this bet make sense?
The fundamentals of the project are still there.
The volumes are there too.
... but .... Bitcoin can still wet the pajamas and drop everything Q.Q
Even if the price reaches the minimum, do you think that the price will not recover anymore or that it can again soar?
Are you willing to spend, perhaps, a few months with a 40% loss-making asset?
Can you bear anxiety and fear?
Are you willing to pay the cost of this bet and its reward?
The point here is not how much I can lose, the real question is will there be, in my opinion, a day when the asset will perform again? If the answer is "yes" you should look at the chart because the price is pretty much on the bottom.
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.
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
EXRD/USDTSecond 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.