1st support for Raydium at $5.5 which is also in line with the 0.786 Fib. retracement!
Big deviations below the low, strong accumulation, money inflows, good project, solana ecosystem, Only way...
I recently uploaded a Bullish Gartley on the4 hour for Raydium and it played out very well but now i can see on the Daily that we have formed a Cup and Handle and the targets could potentially take us up to the low $100s
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 $8.986 level, it will probably fall much lower. But since its a...
macro wave 1 was a massive impulse. now accumulation under resistance, i assume a massive breakout for wave 3
Little falling wedge is broken, next bigger falling wedge around 11,4$ If we look at the big picture, you'll see a cup with handle formation. It's going to come with huge movements, i think. Please support me with your likes and tips!
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.
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.
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.
Ray has held the top of the Wyckoff range, retesting and turning it into support. I entered a small leveraged position last night on the S/R flip of the .382 but woke up to being stopped out. RAY looks kind of similar to BTC in that it has pulled back and retested the top of its range. Will wait and see now if it holds and look for an entry.
Green lines are the main waves The red lines are corrective waves
We are aproaching moon everything season. I think sendit.exe
LOOKS GOOD! A healthy good retracement to go back up to the TOP!
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.
Raydium is on its way to a cup and holder pattern, it might go beyond the drawed point.
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.
i also fogot to say that we came down exactly to the 618 fib ext.