THE END OF BEARISH $RACA | BEGINNING OF NEW BULLISH, BUY?
NOT FINANCIAL ADVICE!!
I'm HODLER $RACA and play the game Metamon P2E, and I did this analysis based on technical analysis of Fibonaci, EMA, and Chart Patterns, and My Fundamental Experience.
RACAUSDT
Since $RACA hit a All Time High (ATH) in November, and the bearish market CRYPTO came in early December and had a downtrend impact for $RACA. Recently, the $RACA P2E Game has undergone many changes which add significantly from the drop release of the NFT Mystery Box to the change in egg odds in the Metamon game, which makes the market sensitive and new entrants to the $Metamon game less. Exactly November 11 to December 15 Raca experienced a decline of 80%.
(HOW CAN BE DOWN TREND!)
If on the Fibonaci Extension the price decline has reached the point at 0.038 and has tried to look back up and resistance was rejected 0.38, the decline continues and creates a Descending Triangle which will create an alias Descending Triangletrun at the support at above 0.0015 price.
1. The decline will continue below 0.038 (Fibonaci Rejection)
2. The decline continues following the Descending Triangle pattern up to the point 0.0015 (Strong Support)
(WHERE IS THE BULLISH MARKET!!)
In case of Fibonaci Retracement, the rising price will try sideway resistance at 0.038 and if it sees a break of the 0.038 resistance, the increase will continue and create a new bull trend to and will be at 0.06 for the sell market to test the sell market if the resistance is resistance at line 0 38, or sideways at 0.0038.
1. An increase will occur when it hits the lower support 0.015
2. Attempts of trend reversal will occur when the 0.38 resistance breaks
3. A new BullTrend will occur when the 0.06 resistance breaks
Note: All buy and sell signs are not for educational purposes only.
I'm HODLER $RACA and play the game Metamon P2E, and I did this analysis based on technical analysis of Fibonaci, EMA, and Chart Patterns, and My Fundamental Experience.
RACAUSDT
Since $RACA hit a All Time High (ATH) in November, and the bearish market CRYPTO came in early December and had a downtrend impact for $RACA. Recently, the $RACA P2E Game has undergone many changes which add significantly from the drop release of the NFT Mystery Box to the change in egg odds in the Metamon game, which makes the market sensitive and new entrants to the $Metamon game less. Exactly November 11 to December 15 Raca experienced a decline of 80%.
(HOW CAN BE DOWN TREND!)
If on the Fibonaci Extension the price decline has reached the point at 0.038 and has tried to look back up and resistance was rejected 0.38, the decline continues and creates a Descending Triangle which will create an alias Descending Triangletrun at the support at above 0.0015 price.
1. The decline will continue below 0.038 (Fibonaci Rejection)
2. The decline continues following the Descending Triangle pattern up to the point 0.0015 (Strong Support)
(WHERE IS THE BULLISH MARKET!!)
In case of Fibonaci Retracement, the rising price will try sideway resistance at 0.038 and if it sees a break of the 0.038 resistance, the increase will continue and create a new bull trend to and will be at 0.06 for the sell market to test the sell market if the resistance is resistance at line 0 38, or sideways at 0.0038.
1. An increase will occur when it hits the lower support 0.015
2. Attempts of trend reversal will occur when the 0.38 resistance breaks
3. A new BullTrend will occur when the 0.06 resistance breaks
Note: All buy and sell signs are not for educational purposes only.