RAYUSD On a U-shaped reversal targeting 2.50

Raydium/ RAYUSD is stuck between its 1day MA50 and 1day MA200. A Channel Up may be emerging that will take it sideways until the squeeze but the bottom pattern is a Cup on a U-shaped reversal.

This targets Fibonacci 2.0 at 2.50. A 1 day Golden Cross in the 3rd week of May can serve as the catalyst.

Follow us, like the idea and leave a comment below!!

TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.