RAYUSDT broke free from downtrend pressure in February 2023, shifting to an uptrend after surpassing its downtrend line. These changes established accumulation zones that have guided subsequent price movements. The analysis highlights a bullish pennant formation, indicating strong price potential. The immediate demand zone serves as key support and a strategic buy-back level if the price retraces. Both short- and long-term pennant targets are outlined. Share your thoughts on this project.
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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.