Raydium (RAY) - Bullish divergence
Updated
On the above 2-day chart price action has corrected a brutal 96% since the sell signal back in September. A number of reasons now exist to be bullish, including:
1) A ‘incredible buy’ signal.
2) RSI resistance breakout.
3) Regular bullish divergence. 6 oscillators are currently printing positive divergence with price action over a 30 day period. Fantastic.
4) Nudge nudge wink wink, this one is on the ‘what if’ list.
If only every alt-token chart looked as bullish as this, but it is simply not the situation. If the support is there, I’ll publish them as I find them.
Is it possible price action falls further? Fur sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: no idea but give special attention to the $4.60 area
1) A ‘incredible buy’ signal.
2) RSI resistance breakout.
3) Regular bullish divergence. 6 oscillators are currently printing positive divergence with price action over a 30 day period. Fantastic.
4) Nudge nudge wink wink, this one is on the ‘what if’ list.
If only every alt-token chart looked as bullish as this, but it is simply not the situation. If the support is there, I’ll publish them as I find them.
Is it possible price action falls further? Fur sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: no idea but give special attention to the $4.60 area
Trade active
Comment
'what if' conditions metTrade active
5-day chart below. One of the most bullish charts out there at the moment.Do you recognise the candle I've written 'wow' next to following the IB signal?
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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