Since 07 Mar 2021 when I posted the last analysis for Rarible , it has been declining till now . although it was able to re-bounce on my entry point and raised a little , but due to market condition wasn't able to see higher targets and decreased!
So today as you see on the weekly timeframe again for RARI/USDT , It recently Re-bounced exactly on the demand zone by more than 100% growth ! but now struggling with an important pivot zone so may get rejected here again to see the lower zone and may for w pattern ! but if it be able to overcome this zone then can see higher resistance zone and also it should breakout descending trendline to see the higher zone and likewise it can even test VWAP line , but it will likely get rejected again from one of these R resistance zone .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Lot´s of possibilities with the resistance , what do you think would be most likely to hit?
PRO_SMART_Trader
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@SwallowPremium, to put simply close your Long position at the higher resistance partially , or think about a short position with a proper stop lose there
Solldy
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Pretty detailed review of the pair, but still, I'm curious to know. Do you take into account fund sales before analyzing? Do you somehow study their effect on the market?
PRO_SMART_Trader
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@Solldy,It's just a token of appreciation , yep but not most often