Raydium is an automated market maker and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Ray's technical behavior is almost textbook: a downward move, then Ray breaks the downtrend line, consolidating in a triangle pattern, and finally starts a new upward wave. Ray is going up toward the ATH's horizontal resistance area. If Ray could break this area, further upward movement is possible. Let's see what happens.
Ray's technical behavior is almost textbook: a downward move, then Ray breaks the downtrend line, consolidating in a triangle pattern, and finally starts a new upward wave. Ray is going up toward the ATH's horizontal resistance area. If Ray could break this area, further upward movement is possible. Let's see what happens.
Note
Also, there is a possibility that a harmonic pattern could form. Thus, must be careful for the correction wave. Let's see what happens.
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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.
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.