RAY Outlook: Is a -60% Drop the Reset We Need?RAY marked its bottom in December 2022 at just $0.133, entering a prolonged accumulation phase that lasted nearly a year. Then, in late 2023, it broke out into an explosive bull run, skyrocketing +6421% over 756 days and peaking at an impressive $8.70.
This run completed a full five-wave Elliott Wave structure. After topping out, RAY dropped -84% down to $1.388 — likely marking the Wave A correction. A strong relief rally followed into the $4 region before facing rejection at the yearly VWAP, possibly completing Wave B. Now, all signs point toward us being in the final Wave C of the larger corrective structure.
So, where could Wave C bottom out?
🔍 Fibonacci Confluence Zones (Log Scale)
Let’s assess the key levels with log-scaled Fibonacci tools:
🔹 Fib Retracement (from $0.133 low to $8.7 high):
The 0.618 fib retracement lies at $0.658
🔹 Trend-Based Fib Extension (Wave A → B projection for Wave C):
1.0 TBFE sits at $0.617
✅ These two levels align nearly perfectly, giving us a strong confluence zone between $0.62 and $0.66
Additional Confluences
Anchored VWAP Bands:
The 0.618 VWAP band multiplier also aligns with this $0.6 zone
Liquidity Perspective:
This level would wipe out long positions built over the past 550 days — clearing and potentially resetting the market
🚨 Fair Value Trend Model (FV Trend Model):
According to my Fair Value Trend Model indicator, the fair value for RAY currently sits around $0.78 — right in line with the broader confluence zone. This model uses log-log regression to estimate Bitcoin’s and other assets’ fair-value over time.
👉 Feel free to use the indicator
Just head over to my profile, click on the “Scripts” tab, and you can add the Fair Value Trend Model to your charts to experiment with it yourself.
Together, these technical elements form a compelling high-probability zone for long setups around $0.6–$0.8.
💡 Educational Insight — Why 0.618 is a Critical Fib Level
In Elliott Wave theory and harmonic trading, the 0.618 retracement is known as the "Golden Ratio" — often serving as a magnet for price during corrections. When paired with a 1.0 trend-based fib extension, it can mark exhaustion zones where Wave C concludes.
🔭 Summary: What’s Next for RAY?
Potential bottom zone: $0.61–$0.78
Watch for reversal signals like bullish candlestick patterns, volume spikes, or divergences
A drop to this zone would represent a -60% drawdown from current levels
Remember: High-probability setups don’t come every day — patience is your edge
Set alerts. Stay prepared.
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Goldenratio
BTC eyes on $97.8k: Last stop before 85.3k Golden Genesis retestShown here is a single fib series in three different time-frames.
The "Genesis Sequence" has called every major turn since 2015.
Clear reactions at each fib confirms our faith in the "Golden Ratio"
Topped at the 111.66k fib, and orbitted the 105k fib for a bit.
Now approaching a critical fib at 97.8k that bulls must fight for.
If it does not hold then we look to the Golden Genesis at 85.3k
$ 97,769.44 is the exact location of next fib.
$ 85,354.35 is the exact location of the Golden fib.
Golden Genesis fibs deserve the respect of a retest.
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Previous calls of the Genesis Sequence include these amazingly PRECISE turns:
$111k Top call:
$105k recent Top call:
$73k previous Cylce top:
Hit the FOLLOW and BOOST to encourage more such PRECISE charts.
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OKLO eyes on $72.37: Golden Genesis fib that should give a DIP OKLO going nuclear into a Golden Genesis fib at $72.37
Looking for a Dip-to-Fib or a Break-n-Retest new longs.
Most likely a few orbits around this ultra-high gravity fib.
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Last Plot caught break and sister Genesis Fib
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Older Plot caught the perfect Dip-to-Fib buys:
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Hit the BOOST and FOLLOW to catch more such EXACT trades.
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ORCL heads up at $212 then 220: Double Golden Fibs may STOP runORCL has been flying off the last Earnings report.
About to hit DUAL Golden fibs at $212.67-220.21
Ultra-High Gravity objects in its price-continuum.
It is PROBABLE to consolidate within the zone.
It is POSSIBLE to reject and dip to a fib below.
It is PLAUSIBLE but unlikely to blow thru them.
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My last Plot that caught the BreakOut EXACTLY:
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DDOG eyes on $116.34: Golden Genesis fib to determine the TrendDDOG bounce just hit a Golden Genesis at $116.34
The sister Goldens above and below marked extremes.
This one could mark the orbital center for some time.
It is PROBABLE that we orbit this fib a few times.
It is POSSIBLE that we see a pullback from here.
It is PLAUSIBLE but unlikely to continue non-stop.
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AFRM eyes on $50.66: Semi-Major Genesis fib for High Support AFRM has been showing considerable strength.
Hit a Geneiss fib above and fell back to sister fib.
Strong Bull trend would hold this fib into new highs.
$50.66 is the immediate floor to hold
$49.17 is a minor fib for a speed brake.
$47.60 is Bulls' Last Stand to hold uptrend.
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PLTR eyes on $133.37 (again): Golden Genesis to BREAK this time?PLTR has made a round trip to our Golden Genesis.
Looking for a Break-and-Retest of this proven fib.
This time we should POP nicely after it breaks.
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Full Frontal of its Genesis Fib:
See "Related Publications" for previous EXACT plots --------------->>>>>>>
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SMR heads up at $40.78: Golden Genesis fib may cause a DIPSMR got a strong spike with all nuclear stocks.
It has just hit a Golden Genesis fib at $40.78.
Look for a Dip-to-Fib or Break-n-Retest for longs.
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See "Related Publications" for previous plots including this BOTTOM CALL:
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ADBE watch $387.21/97: Key Resistance to the Recovery WaveADBE has been struggling to paint a bottom.
Despite what AI could do, revenues not rising.
About to hit major resistance at $387.21-387.97
It is PROBABLE that we get a dip from it.
It is PLAUSIBLE that it will paint a local top.
It is POSSIBLE to Break-n-Retest to continue.
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