RagsToRichesRatio

RagsToRichesRatio

Hi all, wishing everyone lots of happiness and love! Sushi has been in a daily downtrend since the 9th of November. However, it has now broken above the downtrending resistance line on the 4hr chart, which has been suppressing price as shown in the image. The price is pulling back toward the resistance line. If price comes back and HOLDS it as support, this will...

RagsToRichesRatio

Hi all, wishing you a fantastic day! There is a falling wedge forming on SHIBUSDT on multiple timeframes. I like the clarity on the 12hr chart. Falling wedges tend to break out to the upside, rather than breaking down. However, price is getting close to the support line while most of the market is in a downtrend and a state of fear and so I am leaning toward a...

RagsToRichesRatio

Hi everyone, I hope you are all doing well. I am obsessed with low risk high reward spots. XTZ seems to be providing us with a potential opportunity. This is a low probability play, but the reward is well worth it. XTZ both likes to bounce from oversold RSI levels on the daily, and also is more prone to double bottom with its price compared to other coins. It...

RagsToRichesRatio

Hi everyone, I hope you're all doing well. In this post, I am highlighting a very low risk high reward play on DOGEUSDT. On the weekly timeframe, the price has been tightening since 19th of July. You can potentially argue the $0.1599 price was a double bottom with the $0.1632 low from 21st June. Price has ben tightening for a minimum of 4 months which means...