Radix is in a huge triangle and cup-and-handle formation

Despite the Radix team has decided to postpone the Babylon upgrade to the end of September 2023. But when you look at XRDUSDT you could see the price is in a huge triangle. Together with a cup-and-handle formation. Two bullish patterns. The end of the "handle" is also at the end of September...

Everytime the alts are performing Radix is in the top 5 or top 10. For some reason you could only see this on Coingecko because CoinMarketCap has another way to count the marketcap of XRD. Perhaps they count EXRD and XRD as two different projects?

Nevermind, Radix is a great project with a great potential. Let's see how this price action will continue

تعليق:

I had drawn a huge cup-and-handle formation. That CAH-formation is still a possibility. But I think the lines of resistance I've drawn in my recent analysis are now more likely. The chart you see here is a regular one. The green arrow is the actual point of resistance. I've also set the chart in logarithmic-scale and then you see the blue-arrow is the actual line of resistance.

Radix has launched the Babylon-upgrade and the projects launching on Radix is growing fast. Even the TVL is rising, check defilama. I'm a fan of this project and the last price action seems to confirm the market has also an eye on Radix. #XRD #Radix #EXRD

تعليق:

The blue line is drawn by setting the chart into the logarithmic scale:

تعليق:

When I don't change the blue line and set the chart into the regular mode you can see it's now resistance (there)

تعليق:

IMO still 2 resistances to break, see the purple drawings. Last two days there were two spikes in price action. Still has my eyes on it because I think it won't take long before XRD will break out to the upside.

Just my analysis. Do your own research!

تعليق:

How can a great project like #Radix be so low on the charts?!
There are some lines/drawings from technical analysis coming together
from my pov.. When pump?

تعليق:

Cup and handle formation invalid.. it seems Radix is now in a downwards channel

تعليق:

After the sell-off last day XRDUSD is forming a falling wedge on the 1HR and 4HR timeframe which is a bullish pattern. Let's see if it's possible to break the line of resistance and we're able to move higher