TradingView
luyestefan
Oct 13, 2021 7:54 PM

RAYDIUM could go nuclear!!! Long

Raydium / USDFTX

Description

Raydium showin couple nice things on the Daily chart. Also on higher timeframes but i only focus on the daily in this setup.

Potential Cup and Handle (yeah it's in the room with us rn), with a higher low doulbe/triple bottom at a .786 retrace, class C bullish divergence on the MACD Histogramm, RSI and Stochastic at very favorable levels and the day will most likely close with a bullish engulfing candle.

For a trade the stop loss is placed below the previous low even tho the 200sma and major support levels are right below it, but this setup only works with a local higher low.

lets see :)
More