RAD Breakout if Support Holds!

After breaking the 61.8 resistance and forming a new ATH on 10/7/21, RAD has been stuck in a downwards trend.

However, a trend reversal can clearly be seen as RAD continues to form higher lows in its effort to reclaim the level, with multiple retests along the way. Price finally closed above resistance on 11/27/21, which it hasn't accomplished since forming its ATH.

Another bullish divergence can be seen with its volume spiking to previous highs with low selling pressure, along with one key difference: RSI is not overbought.

If the 78.6 can hold as support and price remains above the trend line, I'm extremely bullish on RAD.

Disclaimer: This is not financial advice. Please form your own trading plans and trade responsibly.

Good luck!

Comment:

A bit off on my points, apologies. (First post on TV, go easy on me! Lol.) After readjusting my first coordinate to 10/5, the new levels are as follows:

78.6 = 12.97
61.8 = 16.47
50 = 18.94

Stable support at 12.97 and a close above 16.47 can pave the way for a retest of the 29.37 ATH.

With PA retracing to this extent, my gut tells me that the next following move will be an explosive one. If it does breakout, I’d trail a stop or take profits along the way as price rarely closes at its highs.

Comment:

Trend line lost during market dip.

However, BTC Pairing showed ridiculous strength during it. Most BTC pairings were down (big) at that time so someone’s accumulating here…

If market can recover, I’m still extremely bullish on RAD. Expecting a big move soon.