RAYUSD trade ideas
Quintuple Bottom on Raydium?FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a rock solid project and the biggest AMM on Solana i highly doubt it, at least it would be kinda devastating for the Solana ecosystem and signal weakness to investors.
Oscillators on all higher time frames looking primed for tremendous upside potential.
Raydium updateRay has held the top of the Wyckoff range, retesting and turning it into support.
I entered a small leveraged position last night on the S/R flip of the .382 but woke up to being stopped out.
RAY looks kind of similar to BTC in that it has pulled back and retested the top of its range. Will wait and see now if it holds and look for an entry.
A Parabolic Rise Coming.Many will struggle to believe the moves they see in crypto that I believe are coming, Timelines are always the hardest part and usually we end up moving a lot higher/faster than anticipated, these projections will change if we make a new low under our accumulation zone but it won't change much in the long run as the clear direction is up.
RAY 30/10Trapped/weakened, very similar to SRM/AUDIO:
- Descending trendline and strong support, would look for breakout in next couple days if 21ema holds;
- Otherwise buy again in support zone.
- DeFi Land IDO'ing on RAY soon too, we saw increased activity pre-Star Atlas IDO. Don't expect the same response, but it's still big.
RAY curved channel and trajectoryAn update on Raydium and seems like a great moment to have some of it. I would say the following 10 days will be the best moment for some cryptos. Take a look at my TOTAL2 crypto list.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.