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RADUSDT

RAD: Chart Clues & Trading TacticsLet's dive into the world of RAD and decipher what's going on with its price movement. Picture yourself as a detective, solving the mystery of this chart with me. We're going to look at the key prices, support, and resistance levels while mixing all these indicators together like a colorful salad. Ready? Let's go! First off, RAD is trading at $2.8, with a 24-hour change of -16%. That's a substantial drop, but don't worry; we've got our magnifying glass on the case. As we scan the chart, the first thing we notice is that the price is nestled between the lower Bollinger band at $2.6244 and the middle Bollinger band at $2.9297. This tells us that the price action is quite low compared to its recent volatility. In other words, RAD's in a bit of a slump, but there's potential for a rebound. To get a clearer picture of the support and resistance levels, let's bring in the Fibonacci retracements. Our trusty 1-hour chart has given us three key levels: 0 at $2.6917, 0.5 at $4.4716, and 1 at $6.2515. We can see that the current price is just above the 0 levels, hinting at a potential support level. Now, this might not be a fortress-like support, but it's worth keeping an eye on. Let's also take a look at the RSI, which is sitting at 35%. This indicates that RAD is somewhat oversold. Combine this with the -27% volume oscillator and the -54K OBV, and you get a sense that the selling pressure has been quite strong. However, this also means that the price might be due for a bounce back up. As we continue our investigation, we notice that the MACD is currently at -0.13, and the stochastic oscillators are at 50. These readings imply that there's indecision in the market and that it could go either way. So, let's put on our thinking caps and use the 24-hour high and low prices to give us more context. With the high at $3.447 and the low at $2.689, we can deduce that a significant resistance level lies near the high, while the low acts as short-term support. Finally, the hourly EMA 50 sits at $3.22, acting as an additional resistance level since the price is below it. So, to sum up, our detective work, we've identified a few key levels: Support at the 0 Fibonacci level ($2.6917) and the 24-hour low ($2.689). Resistance at the hourly EMA 50 ($3.22), the middle Bollinger band ($2.9297), and the 24-hour high ($3.447). When the price reached the 1 Fibonacci retracement level at $6.2515 three days ago and got pushed down, it indicates that the level acted as a strong resistance point. This could mean that there was significant selling pressure at that level, causing the price to reverse and start a downward trend. There could be a few reasons behind this selling pressure. Traders might have taken profits at the 1 level, or the market sentiment might have changed due to external factors like news or events. Additionally, reaching the 1 Fibonacci retracement level can be seen as a psychological resistance point, as many traders might perceive it as an area where the price could reverse.
by ShawnMCR
9
Radicle RAD price needs correction before continuing to growFor now, the entire cryptocurrency market is frozen in anticipation of the announcement of the new Fed rate to understand where to go from here. RAD buyers decided that now is the best time to organize a +200% coin pump in 10 days. What is interesting about the Radicle project? Share your thoughts in the comments. After seeing the RADUSDT chart, do you have FOMO that you missed such growth and want to buy RAD? Before making a trading decision, read a few theses from us: the pumping has stopped at a liquidity level. Since the price did not go higher, it means that there will be a price correction. It will be ideal if buyers manage to keep the price of RADUSDT above $2.75. In this case, you can try to buy RAD with growth prospects of up to $7 if the RADUSDT price will fix below $2.75, then at the chart shows buy levels below. Of course, this is only if you believe in the positive prospects of the Radicle project. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
21
RADUSDT(Radicle) Daily tf Range Updated till 27-07-22RADUSDT(Radicle) Daily timeframe range. This alt been in a very long consolidation, the pump from july 26 2022 make sense. and there are still lots of space for more progress, if retail interest picks up. Its been used heavily if you look closely you can see a loads of wicks here and there and out of place moves. of course the alt that moves it got more chance of profit. but big wicks can always trap peoples out without any problem. it makes it a high risk and reward alt.
by cryptoforever1
Radicle RAD - Great opportunity! Bullish base + Elliott Wave We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend! Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout. An impulse Elliott Wave has finished, so I expect an ABC retracement. Profit taget 1 is on top of the trendline + wave (4). The second profit target is on the main resistance + wave (4) + 0.618 FIB. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
58