This looks like a Bullish Spring and a Back Test of what is statistically a Bearish Descending Triangle Pattern that if continues can take us up to the 88.6% Retracement.
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Many will struggle to believe the moves they see in crypto that I believe are coming, Timelines are always the hardest part and usually we end up moving a lot higher/faster than anticipated, these projections will change if we make a new low under our accumulation zone but it won't change much in the long run as the clear direction is up.
RAY of sunshine ; yeh i know my last charts were early
a ray of sunshine in a desolate landscape
prepare for launch into the stratosphere
SOL SRM RAY the royal trifecta
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access...
We pulled back to the PCZ of the Bullish Gartley; perfect time to try to reposition myself here after getting stopped out earlier trying to trade the breakout attempt while it was above the PCZ at higher prices.
A probable RAY trajectory between supports and resistances.
For a broader view take a look at my linked chart below.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Trapped/weakened, very similar to SRM/AUDIO:
- Descending trendline and strong support, would look for breakout in next couple days if 21ema holds;
- Otherwise buy again in support zone.
- DeFi Land IDO'ing on RAY soon too, we saw increased activity pre-Star Atlas IDO. Don't expect the same response, but it's still big.
Ok so i hate doing the brush but my friend wanted to know as much as i think...It looks like wyckoff reacumulation to me, which wi think we just had the spring, so im expecting a retest and resumption upwards, of course making pullbacks along the way
An update on Raydium and seems like a great moment to have some of it. I would say the following 10 days will be the best moment for some cryptos. Take a look at my TOTAL2 crypto list.
MAGENTA CHANNEL
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries"...
FTX:RAYUSD looking pretty crazy, i cant remember if i have ever seen a quintuple Bottom on a Chart before. This could potentially confirm a bottom to traders and rn would be the lowest risk entry because its pretty easy to manage risk at this level. If RAY closes a daily candle or even a 4h below the $8.986 level, it will probably fall much lower. But since its a...
$RAY has formed a head and shoulder pattern wich could led to more downside as potential target 7$ , wich will be an opportunity to stock up some more $RAY for end of the year .
