Wyckoff Accumulation Pattern: The weekly chart of Rarible/USD shows a pattern that resembles a Wyckoff accumulation pattern, characterized by a giant inverted head and shoulders. This could indicate long-term accumulation by large investors, including Coinbase which uses Rarible for minting its native NFTs.
Theoretical Price Target: Based on the head and shoulders pattern, a potential target could be $14. However, it's important to note that technical analysis is subjective and shouldn't be the sole basis for investment decisions.
Theoretical Price Target: Based on the head and shoulders pattern, a potential target could be $14. However, it's important to note that technical analysis is subjective and shouldn't be the sole basis for investment decisions.
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Volume has increased by 479%Note
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Holding very well compared to other alts. I think we have a winner.Note
Not bad at all.
USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.