Ray
RAY - Raydium - Another Sam Coin Second ChanceRAY - Raydium - Another Sam Coin Second Chance
Sam is giving us one more chance at glory. I for one am taking it.
Defi on Solana - It sources liquidity from a DEX (Serum) for pools.
Ie. the triad: SERUM - SOLANA - RAY
Sounds good to me.
Don't let me down Sam.
Raydium: An Undervalued SBF Coin with High Growth Potential In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
Raydium (RAY) potential 64% profitRAY was only recently listed on FTX and price has been dragged down by the Bitcoin correction.
If price can close and hold above $9 it will be well positioned to retest the high.
This one is straight forward, buy and walkaway.
Happy trading.
NZDJPY - Follow the StructureI and the Alkaline team got involved in an early buy position on this pair which has been extremely rewarding. I will be looking for a second buy position into the significant structure marked if we manage to see rejections from the horizontal ray, let's see how price develops on Monday. Have a great trading week everyone!
COT Data - 50/50
BNBUSDT SHORTOn a 30 minutes timeframe, market is on a downtrend with a descending channel. Zooming in to where price is at, there are opportunities for price to form a double top pattern. I will go short if price come back to break the SR line 21.9870 and TP immediately if touches the zone. If price goes back to SR line 22.9228, the trade idea will be invalid.
Ray Dalio's Bridgewater Associates Now Overweight BanksAs of Bridgewater Associates' latest 13-F it is shown that Ray Dalio has entered new significant positions of:
90m USD in JPM
66m USD in BAC
47m USD in WFC
36m USD in C
EURUSD. Buy opportunityWeekly and daily candles are looking more and more bullish. At the moment the price to open buy position is too high, the plan is to use buy limit order and catch pullback. Buy limit 1.13100 Sl 1.1258. Risk/reward ratio 1:1 and 1:2.
AUDUSD. PullbackAudusd looking really bearish. The idea is to wait for the pullback. Sl 50 pips. Risk/ reward ratio 1:1, 1:2.
EURUSD. Short. PullbackSell limit 1.1300 Sl 50 pips ( 1.1355 ) Risk/reward ratio 1:1 (50 pips) 1:2 (100 pips) 1 :3 free. The idea is to catch strong bear trend pullback.
GBPUSD, Short term sell opportunityGBPUSD trend is still very bullish. I am looking a small correction wave. 1.31940 - 1.32010 is a strong resistance zone. Sell Limit 1.31940, sl above previous high 1.3256. R/R ratio 1:1, 1:2.
Consolidation trading plan. GbpusdLooks like the price doesn't want to go down. Consolidation condition plan. Price action. But limit order 1,2800 sl 50 pips R/R ratio 1:1 and 1:2. Enjoy!
Looking buy opportunity. EurusdAfter massive green daily candle and double bottom, I am looking short-medium term buy opportunity. Simple price action, nothing more. Buy limit 1.13468 sl below 1.129898. R/R ratio 1:1 and 1:2.
ETHUSD: Margin ScalpingSwitched up my trading style to accommodate the current market conditions. Technically we are in a "no trade zone", so all trading should be executed with extreme caution and risk management. If yo aren't confident, i would just stay out of the market. I've been short ETH lately and have been using rays off previous lows as well as channels to execute 1-3% margin trades. The ray is a powerful tool in determining areas will price will get held up in the short term. Trading within channels instead of hoping for breakouts is much easier at the moment as well.
Waiting for $BTCUSD Breakout Now we got the opportunity to see BITFINEX:BTCUSD breakout till 13.500 maybe more. We can increase the position (on #bitcoin) now and at the last fibo ray 7.500 expecting this #breakout. The main risk is to fall deeper till 5.000: I see very low volumes at this range and sometime it happens that the price is attracted by this low volume ranges. So it's important to #hodl some cash to eventually play in this lower range ;)
