Price escaping the falling wedge pattern. Establishing upside towards 11.00 initially followed by 13.7. Sustaining above 13.7 would open 16.40 once again followed by New All-Time Highs for RAY.
On the downside 8.25 will act as a firm bottom.
The buying force is increasing and it could move towards 12$, 15$ and 20$ zones in this October. But if it loses 10$ zone, it will fall down to 8$ zone
♻️Condition : If 1-Day closes ABOVE 10$ zone
🔴Buy : 10$
🔴Sell : 12$ - 15$ - 20$
♻️Condition : If 1-Day closes BELOW 10$ zone
🔵Sell : 10$
🔵Buy : 8$
🚫Stoploss for Long : 10%
This Solana gem is forming double bottom around the support zone. May be ready to start a leg up.
Many good tokens are around their support zone; if BTC.D doesn't go up further, we will see a jump in most of them.
Always DYOR :)
Breaking triangle and has vol to support upside. has rejected twice from the 11.785 area, this will be the 3rd attempt but having doubled bottomed and D1 RSI and Stochastic is low.. I would see a consolidation in the brown box before breaking to set ATH
RISK MANAGMENT IS KEY. DONT CHASE THE GREEN, WAIT FOR THE PULLBACK/RETEST !!
Ive been charting for about an hour and something came to my mind: low cap coins are making the same charts. I didn't know this till now. Here you can see RAY/USDT making a bull flag with 2 possible scenarios: 1. Is a bullish breakout. 2. Is a more bearish scenario, but not that bearish, it gives us a nice opportunity to make a big long on fib level and support area.
let's see how the Triple Bottom pattern is formed in 2hrs chart.
Entry, Stop Losses and Targets as shown in chart as per chart.
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Will RAY break back above the recently lost support level or this will be just a bearish retest before moving down. We have to wait and see, but it's a good chance to start trade, long or short, doesn't matter... Broke that descending trendline and looking bullish. Looks like a golden cross on MACD will be printed, already got one on SRSI. Se maybe we will see a...