Radix bottomingThere is a hugh triangle forming for XRDUSD. There is also a big line of support. Even on the XRDBTC-pair. XRDBTC is forming a big falling wedge, which is a bullish pattern. Low on the RSI as well..
This all, together with the request from the Radix community for listing the (e)XRD-token on Binance this can be a big opportunity for Radix to go significantly higher. Radix is still great technology and has a relative small market cap..
Radixdlt
Radix higher lowsAs you can see on the chart Radix is slowly but steady making higher lows. Also en declining line of resistance.. The XRDBTC shows a multi-year descending triangle (check my idea at XRDBTC).
The project has also launched a couple of bullish actions based on the #breakout2024 "project" as you can read here www.radixdlt.com
Nice and bullish actions if you ask me.
$EXRD / $XRD HopiumHumans struggle to comprehend exponential curves, but the history of crypto has shown that the log chart it is the only rational TA method for mature projects.
If Radix were to match the market cap of Solana CRYPTOCAP:SOL , its price would be ~$7.50. Radix's superior tech, narrative, and ecosystem could 10x that, and at the apex of the bull market 5-10x that again.
Therefore, we are giving a price target of ~$200 before the end of the year, with Bitcoin at $400k by the same analysis.
Radix descending triangleRadix is forming a huge descending triangle, which is a bullish pattern. Also the RSI is likely forming a positive divergence on the daily timeframe. Let's wake up the sleeping giant!
Radix falling wedgeAfter a long period of accumulation you can see Radix / Bitcoin | XRDBTC is forming a falling wedge
Radix is down at the support lineAfter a major swing upside, Radix is coming down to the support level. On the daily it's likely(!) you will see positive divergence on the RSI in the upcoming hours/days.
Even the cup-and-handle formation is still in charge to be formed although it will be take longer then I primarily thought it would take to create. A lot depends on how the whole economy and crypto-market will develop.
Radix cup and handle formation(?)In my opinion it seems Radix has started forming a cup-and-handle formation. It's very early to predict the pattern so let's (wait and) see what the price will do the upcoming weeks. When the pattern is confirmed it's definitely a bullish sign. Then you can draw a line from the bottom of to the upper part of the "cup". Take that distance and put it at the point of the outbreak to see what's the target. When I'm doing this calculation, XRDUSD token-price has a target of approximately $0.23.
We'll see what the future will bring us. I'm still saying that much will depend how the whole crypto-market, especially BTC, will develop in the (near) future. That will be the leading indicator for the altcoins, like Radix, as well. Purely looking at the Radix project; I'm very bullish for the long term
XRDUSD falling wedgeAfter a huge price increase XRDUSD is now forming a falling wedge. It was wildly overbought. It must calm down what happend because the whole crypto market had a cool down period. As said the pattern is a falling wedge which is a bullish sign. Much will depend how the whole crypto market reacts of it will breakout to the upside or downside...
Buy XRD/USDT W1-D1 (TF = 2-3 months)Buy XRD/USDT (spot: Bitfinex, Gate, Kucoin)
entry: current price (0.042-0.043)
target: 0.11-0.17 (incremental fix)
invalidation: close below 0.033 on TF D1
FA/events/news: upcoming major release called "Babylon" in June 2023
TA: After slow bleeding in summer 22, XRD witnessed seller's capitulation in the end of Nov, 22 on high volume.
In Jan, 23 higher high (HH) was printed (obviously, it was a resistance at 0.06).
Then, we saw a successful retest of support (0.035-0.037) in March on high volume with higher lows.
RSI on W1 is trending up.
Overall narrative is also positive.
So, I don't see any selling pressure until 0.11-0.17
Decent R/R trade.
Radix (XRD) price increaseAfter a period of 299 days(!) it seems Radix (XRDBTC) is breaking the falling wedge. Let see if it can hold. I think it will come lower after a couple of days because it's overbought when you look at the RSI. Hopefully the resistance of the falling wedge will then be support for the next run. Also the volume is increasing so that's a good sign IMO.
Also take look at XRDUSD(T) to see a nice price development
Nice uptrend channel for RadixAs you can see Radix is in a nice uptrend. Below you can see there's a lot more buying (green candles) volume than sell volume (red candles). The RSI is slightly raising but there's room for more growth. Even XRDBTC is back in a large falling wedge which is a bullish pattern
XRDUSD break resistance falling wedge?XRDBTC has found support on the lower band of the falling wedge and XRDUSD seems to break the line of resistance of a falling wedge. Let's see how this plays out..
XRDBTC Falling wedge in a falling wedgeA tiny falling wedge within a bigger falling wedge. Even during the price drop last days XRDBTC performed well. Combined with the pattern of a falling wedge is a bullish sign IMO.
XRDBTCMy personal opinion at this moment is XRDBTC will follow the green line. XRDBTC is in a downtrend for months but XRDUSD is getting more momentum so it's possible it will bring XRDBTC to higher levels.
At this moment XRDBTC is a bit high on the RSI so I think it will come lower before it uptrends higher to the line of resistance and break it.
If the whole crypto-market goes downwards, XRD(BTC) also does and it will probably retest the support line.
That's for the short term. For the long-term I'm very bullish on Radix. It's a great project IMO which has a lot of potential.
XRD breaking resistance?After a couple of tries the XRD graph shows some strength to possibly break-out the resistance pattern where it is for a long time. Also XRDBTC has tested serveral times the support line and would probably go higher.
I won't talk more about this one, Ecosystem growing so fast Radix DLT is a distributed ledger technology to specifically serve #DeFi
My analysis of Liquidity and exchanges shows a massive growth is inevitable.
Great Technology, Eth Killer
eyes on RADIXA nice and strong break out from the bearish channel will get my attention!
2022 and 2023 looks so bullish for radix and the whole radix ecosystem. Also, there's a memecoin on radix, look strong, dogecube (make sure you get on tg)
Radix has found support for going higherIt seems Radix has found a solid line of support. From the top you're seeing a downtrend which will come to an end soon. Do your own research, but I'm bullish for Radix. It's a great project
EXRD - double digit green as soon as crypto bounced a little- falling wedge retested ✅
- bullish divergence extended ✅
- small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙
Falling channel is also possible new pattern here.
Unexpected Correction Due to the Market#EXRD#XRD RADIX, now bullRADIX IN SHORT TERM
We broke above that bearish trend line, pull backed and it looks so bullish now on 15m and 4h
XRD/EXRD - Next gem in DeFi MACD is ready for a launch soon with update to the mainnet 12 november. Alexandria - Scrypto language
Based on Fibo levels, I see the price near at 0.25 in short term
Radix short term breakout incomingRadix is one of my favourite altcoins picks of this cycle. Short term looking like a breakout soon
