Frosty55

Radix has formed bottom

Frosty55 Updated   
With multiple points of support #Radix #XRDUSD seems ready to breakout higher.
Comment:
When we're zooming in you can see higher lows, multiple lines of support and resistance
Comment:
On the 1Hr and 4Hr timeframe you can see the price is breaking out of the (first) line of resistance, ready to move up higher
Comment:
1Hr
Comment:
Even took a look at Defilama where you can see the TVL has bottomed and the TVL is increasing: defillama.com/chain/Radix

Take also in mind the Radix foundation has made steps to list XRD to Binance. Interesting times for Radix if you ask me :-)
Comment:
What's also possible, XRDUSD is in a upside channel see the blue dotted lines:
Comment:
A falling wedge is forming (yellow dotted lines) on the 'Daily':

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.