XRDUSD Major bullish break-out.

2023年8月15日

We last looked into Radix (XRDUSD) back in April, giving an accurate sell signal (see chart below) upon the 0.1200 Resistance rejection, hitting both of our 0.0700 and 0.0550 targets:

The price made today the first major bullish break-out since April, breaking above the Lower Highs trend-line, as well as the 1D MA50 (blue trend-line). It is testing now the 1D MA200 (orange trend-line) as a Resistance for the first time in a month but the key level to break will be the 1D MA100 (green trend-line), which had a clear technical rejection on Kuly 14 that made the Lower Low.

At the same time, the 1D RSI also broke above its Lower Highs trend-line, giving an additional buy signal, so if the candle breaks above the 1D MA100, we will buy the final confirmation and target 0.08600 (just below the 0.5 Fibonacci level).

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