1/ L1-projects narrative. Radix stands out against "Layer 1 solution" landscape. Fundamental research over 8+ years. Great team.
2/ Tech fundamentals - Vitalik's trilemma solved (security, scalability and decentralisation) - composability (dApps are building blocks of DeFi, more complex features/apps can emerge on top of only seamlessly interconnected dApps sets. Analogue from PC era: Semiconductor = dApp, Integrated Circuit = dApps "Lego set" - easy-to-use tools compared to competitors (easy native language & blueprints to build dApps. But DYOR, I'm not a dev) 3/ Future significant releases/roadmap milestones (major Radix features are yet to come to light) 4/ Strong and dedicated community 5/ In terms of benchmarks/evaluation ratios, XRD has a decent room to grow to meet L-1 project's evaluation (mcap)
Weakness:
1/ low liquidity/still not on major CEXs (Coinbase, Binance...) 2/ no "triple A" funds on board (but the other side - opportunity to get some XRD at a great Risk/Reward level)
TA + PA.
1/ TA doesn't look great tbh, but take a look at 15 Sept event (full unlock). There was a dump from only 1 whale (probably it was a mistake) of 15 mln eXRD on UniSwap which was completely bought out within 2-3 min. 2/ Since 15 Sept we haven't witnessed any significant sells after full unlock. Only slow bleeding on declining volumes. Community dedication confirmed. 3/ 1st and the last resistance - 0.17. Then - price discovery.
Entry: 1st - 0.095-0.11, 2nd - 0.085-0.095 Stop: HODL or below 0.08 with confirmation on W1 Target: 1st - $1 (x10)
Disclaimer: Strongly advise to DYOR Radix project and tech details! There's a lot of educational stuff on their website regarding DLT technology and L1 solutions. And yes, I hold a bag of XRD.
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Oct, 21: breaking up diag resistance. Wide-spread green candle on decent volume straight from $0.097-0.1
Good buying opportunity in 0.113-0.118 zone (retest of diag support/resistance)
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Approaching the first and the last resistance ($0.17-18 range) on the way up...
Trade active
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wow
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wen $1 sir?
Trade active
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Continuation pattern detected: breaking up diag resistance. Waiting for retest...
A great chart for a great project! But I'm not so optimistic. I think the fair price of XRD is about 0.3-0.4 $ for now. But with the growth of the market, the upside will also increase. My target is 0.7-0.8$ in december/january.
SaltSugar
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@Sanderion, it would be also great if Radix gets there in dec/jan. Everything is possible. Will see
darrk0
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Nice chart! $0.08 - $0.165 is just accumulation zone IMO. Fundamentals of Radix are super strong! Only to the ̶m̶o̶o̶n̶ ̶ Andromeda. Frankly I feel bad for those who will miss all the price action.
SaltSugar
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@darrk0, Thanks, mate.
Really appreciate your dedication along with compassion for those who'll miss it eventually