Ray Rocket ReadyRay is correction is almost complete and entering now for longer term hold is extremely rewarding.
Very last support line at $6.7 could be tested but not able to hold will lead us to $4 area which I do not expect.
Buying pressure is kicking in.
Entry: $6.7 to $7.30
SL: $6
Target: Short term $10, Long term $15
RAYDIUMUSDT.P trade ideas
RAY is Gonna Boom Soon!Hello every one
RAY/USDT
RAY Is in a Falling Wedge Pattern! Which The Pattern has Not Done a Break out yet! but It's Around It's Strong Support which Is around 8-7$ . We are Expecting a Good Pullback From There! Not Only There is a Falling Wedge pattern, we can Expect to see a Shark Pattern on The chart as well! both Pattern suggest a Target around 16$.
-Summery:
-RAY is in a Falling Wedge Pattern as well as a Shark pattern
-No Break out yet
-Support around 8-7$
-Target and Resistance at 16$
🔴This is only an idea and not a financial advise ( NFA )🔴
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Have a nice day and Good luck
Raydium Analyze (Road Map)!!!🗺️What is Raydium ?
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity.
RAY is the native utility token used for:
🔴Staking to earn protocol fees
🔴Staking to receive IDO allocations
🔴Governance votes on protocol decisions
Raydium Analyze ( RAYUSDT) Timeframe 8h⏰ (Log Scale)
Location 🌊: Raydium is moving in my favorite wave, which means wave 2. In this wave, each way correction (A & B & C) is made of a Double Three Correction, and now Radium is running on the last way of correction (Wave C).
I showed you the end of microwave C of Main wave 2 in my chart. probably it will end at my ⏰ TRZ ⏰ (Time Reversal Zone).
🔴 Note 🔴 : When Raydium can break My i mportant Downtrend Line , then we can verify the start of Main wave 3.
Support Zone & The end of Main wave 2 : 8.05$ until 8.40$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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RAYUSDTIf it will follow the triangle and don’t break the support zone ( the lines from the triangle can shown be as support and resistance too),
This might be the way it will move.
If it will move down out of the triangle, next support zone will be at around 6.6$
No financial advice.
Corrections are welcome.
Have a nice day!
Bake itDid you miss us, wolves?🔥
There is a great formation only for you!
Ascending Triangle on RAY/USDT crypto pair.
However do not rush the trade and wait for the clear signal.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".