The price is going down within a descending channel for a while.
The bottom is very close.
How much can radix still go down?
The lowest price was 0.08.
The current price is 0.13.
There is still a risk of losing about 40% of the value. That’s not small.
What about enter now?
What is the reward for this risk?
To be very conservative 0.30, a gain of 300%....
EXRD - ruined by it tokenomics and non-stop VC selling, this project is heading to $0.15. What would have been otherwise a good project is totally scamming its investors through its scam-like token economics.
- falling wedge retested ✅
- bullish divergence extended ✅
- small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙
Falling channel is also possible new pattern here.
Radix is the first layer-one protocol specifically built to serve DeFi.
65% discount from the ATH seems reasonable signal to act. Retrace to Anchored VWAP (from trading start) and falling wedge are another green flags for this decision.
Project is well known to most of crypto community and some of most popular crypto influencers adores it (CryptoBirb and...
Tonight I bring you a Gem.
I accumulated this baby in the accumulation zone down at the bottom.
However, it shows one of the cleanest Elliott Wave charts I have seen. I will be holding this baby for the next 2-3 months...I have some targets in mind, which will surprise those who will join the ride.
I will, however, reveal the first one...0.92.
Incredibly bullish on EXRD fundamentally. At the moment it seems the market holds a lot of uncertainty, likely due to BTC's precarious situation. Here we can see the uneasy combination of a potential head and shoulders pattern forming, with the possibility of it being rescued by a symmetrical triangle. If we can stay in the triangle long enough for BTC to regain...
Head and shoulders on 12h candles. It seems to me market needs to re-test accumulation zone around 17-20 cents before moving up.
NOTE: I am beginner paper trader, so just publishing to track my thoughts for educational purposes. Don't follow.