Frosty55

Radix XRD broke out of the falling wedge or descending triangle

Long
Frosty55 Updated   
Let's see how Radix will go further now it's broke the resistance.
Comment:
On the XRDBTC-pair there is one line of resistance of a huge descending triangle:
Comment:
On the 1Hr-timeframe you can see it clearly it has arrived to the latest resistance of the (huge!) descending triangle:
Comment:
Break out confirmed! Now retesting the previous line of resistance for XRDBTC-pair:

Comment:
Previous line of resistance seems to be support now:
Comment:
A (kind of) falling wedge on the XRDBTC

And a descending triangle on the XRDUSD…

.. what helped to cool down the RSI a bit
Comment:
When you look at the white dotted lines you can see a falling wedge is forming. Probably to cool down the RSI a bit after the breakout. It’s also part of a tiny cool down period of the whole crypto market

Comment:
The two yellow drawings are two falling wedges which are bullish patterns. And you can see they're broke out to the upside.

Now we're in (or above?) a upwards channel as you can see drawn with the green dotted lines. Hopefully XRDUSD will make support here and go higher

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