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Raydium

Raydium (RAY) formed bullish Gartley for upto 35% rallyHi dear members, hope you are well, and welcome to the new trade setup of Raydium (RAY) with US Dollar pair. After a quite long-time, I am sharing a trade setup of RAY, by the way below was the last trade setup which I shared in Nov, 2021, and it was almost 30% pump. Now on a daily time frame, RAY has formed a bullish Gartley move for the next price reversal move, at the moment, the price is slightly moved up, therefore, we can wait for some correction to catch it from the buying zone. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
$RAY/USDT 4h (#BinanceFutures) Descending triangle breakoutRaydium has been retracing down big time and finally looks ready for reversal, at least short-term. Current Price= 0.922 Buy Entry = 0.919 - 0.849 Take Profit= 1.072 | 1.239 | 1.390 Stop Loss= 0.733 Risk/Reward= 1:1.25 | 1:2.35| 1:3.35 Expected Profit= +21.26% | +40.14% | +57.22% Possible Loss= -17.08% Fib. Retracement= 0.236 | 0.382 | 0.5 Margin Leverage= 1x Estimated Gain-time= 2 weeks Tags: #RAY #RAYUSDT #Yield #Farming #AMM #DEx #DeFi #BSC #Solana Website: raydium.io Contracts: #ERC20 0x5245c0249e5eeb2a0838266800471fd32adb1089 #BEP20 0x13b6A55662f6591f8B8408Af1C73B017E32eEdB8 #SPL 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R
RLong
by TradingOn
2
RAY (Raydium) Token Analysis 25/03/2022Fundamental Analysis: Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for: Staking to earn protocol fees Staking to receive IDO allocations Governance votes on protocol decisions AlphaRay leads overall strategy, operations, product direction and business development for Raydium. With a background in algorithmic trading in commodities, Alpha transitioned to market making and liquidity providing for cryptocurrency in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an order book AMM to aggregate liquidity, and with the release of Serum, pulled together a team of experienced trading developers to tackle the problem head on. XRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed. GammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to Raydium, Gamma's focus within cryptocurrency has been technical analysis and discretionary trading. Raydium launched its main net on February 21st, 2021 with 555,000,000 tokens created at genesis. 34% of all tokens will be released as liquidity mining incentives over a 3-year period. 30% of tokens are earmarked for partnerships and the expansion of the Raydium ecosystem. This includes giving grants to projects building projects around Raydium or helping our communities in general. These tokens are generally locked for 1 year and unlock linearly for the next 2 years. The current CoinMarketCap ranking is #179, with a live market cap of $288,449,758 USD. It has a circulating supply of 92,510,164 RAY coins and a max. supply of 555,000,000 RAY coins. we can simply see a huge volume is coming to the Altcoin Market cap and at the same time a huge collapse on the Bitcoin Dominance which is a very powerful sign of Bullish trend on the DeFi and Altcoin Environment and can interpreted as the start of an Alt Season... Technical Analysis: We used Fibonacci Retracement Tool from 0 to ATH and defined the Pivot Levels. The Price has Fallen below 85% of its All Time High and it has nearly Touched 90%, as it is bellow 78.6% of Fibonacci Retracement level, i.e. it is undervalued and seems very discounted for us to Invest in it. We can clearly see Bullish Divergence is Appearing with MACD which is a very good sign of Bearish Trend reversal and start of its New Cycle where it can cross its ATH soon. There are total of 3 Targets defined with Fibonacci Trend Based Extension Tool to define the Upcoming Cycle and the Targets to Unload Partially if required any. 3 TP gets its Confirmation as the Price Touches the 2 TP followed by some correction and Reaccumulation for the 3 TP. 90% (1.75$) and 95% (0.85$) of the Fibonacci Retracement Levels can be considered as the Support Areas.
Long
by BitonGroup
2