Wyckoff Accumulation Pattern: The weekly chart of Rarible/USD shows a pattern that resembles a Wyckoff accumulation pattern, characterized by a giant inverted head and shoulders. This could indicate long-term accumulation by large investors, including Coinbase which uses Rarible for minting its native NFTs.
Theoretical Price Target: Based on the head and...
Expect this crypto to uptrend. Its a low cap on coinbase with moderate supply. Given NFT season hasn't started this bull run yet, its expected to perform well. Its also no where near its previous all time high. will see how it performs in upcoming weeks, time will tell.
Not FA, please DYOR prior to investing.
RARI USDT TO $50
Long accumulation phase on WEEKLY timeframe that finally broke out.
This recent breakout from a long accumulation phase on the weekly timeframe suggests significant potential upside.
Notably, it broke out of a drawn-out weekly descending channel.
Generally, the higher the timeframe of the breakout, the larger the potential move.
We...
RARI structure for me isnt enough to surgest the bottoms in, but while we are at these current low across the board i ask you to look at the structure to the left, you should see the level of liquidty built up at $1.83 RETAIL SAFE HEAVEN, ive highlighted this across multiple asset that are seeing a bullish trend reversal.The large swing high you see at $5.30...
RARI moves along the triangle pattern. Although the pattern is bearish, the resistance zone of 6.88-8.07, below which the price has never fallen, adds optimism.
The nearest resistance zone is 12.4-13.5 and also the upper limit of the pattern
#RARI/USDT
#metaverse token
$RARI broke out from descending resistance and still hold above support zone between $12.29 and $12.83.
holding this support will lead price upward to touch upper line of long term falling wedge.
break out from wedge pattern can increase price toward $20 and in long term we may see $30.
but break below support zone will drop price to...
I've been watching RARI for quite some time. I am going to wait for the retest of the bottom green trendline until further notice; however, if we continue the downtrend, I will have buy orders set at 14.08, 13.34, and 12.20. Stoploss will be set at 11.50. Happy trading fellow traders!
Been following this wedge for a while. See past posts about it.
4th touch is in, volume spiked and now consolidating.
Its a great entry and I plotted 3 target prices to sell based on previous highs.
Now we wait.
3rd touch just happened.
Hopefully we get our 4th touch and break through from there moving up. The wedge will complete in December, depending on how soon it touches a 4th time and moves higher will tell me how strong the upward trend is.
If we do not get a 4th touch, more down.
4 touches and we get a move.
Using this strategy has really helped me.
I was always being told by different traders that things happen in a series of 3, when it hits 3 times it is time for action....and I was losing money.
I then heard from a professional trader to use 4 touches......35% gain in a month, trading every day. Could this little trick really be...
COINBASE:RARIUSD
RARI had been moving down over the week from a high of around $29 USD last week, now see if the pullback can find support and move up from here.
