Let's see how Radix will go further now it's broke the resistance.
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On the XRDBTC-pair there is one line of resistance of a huge descending triangle:
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On the 1Hr-timeframe you can see it clearly it has arrived to the latest resistance of the (huge!) descending triangle:
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Break out confirmed! Now retesting the previous line of resistance for XRDBTC-pair:
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Previous line of resistance seems to be support now:
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A (kind of) falling wedge on the XRDBTC
And a descending triangle on the XRDUSD…
.. what helped to cool down the RSI a bit
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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
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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