#RAY bouncing strongly off horizontal supportRaydium, the automated market maker and liquidity provider built on Solana for the Serum DEX is once again bouncing off a critical support level @ $9.00. Great level to get a long with a stop level below. Once the downtrend at $10 breaks, i think this goes back to $16+. Also note how the 40 RSI level has held this up as support previously.
Raydium
RAY - RAYDIUM - What goes down, must go ... UP? :) v.3439 lfgRAY - RAYDIUM - What goes down, must go ... UP? :) v.3439 lfg
This has been a sweet risky play since the bottom. Good returns.
I don't think Raydium is going anywhere and will become a key swap platform until a potential regulation strangle attempt?
Anyway. Speculative but I have some faith in the SRM-RAY-SOL Ben trifecta.
Lead us into the promised land Sir Bankman-Fried.
I've clearly drank the cool aid.
I linked my old idea so you can see how this one rekt me so hard. but i still have faith for some reason. defi aint dead baby she'll rise from the ashes like a phoenix.
🆓Raydium (RAY) Oct-1 #RAY $RAYThe buying force is increasing and it could move towards 12$, 15$ and 20$ zones in this October. But if it loses 10$ zone, it will fall down to 8$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 10$ zone
🔴Buy : 10$
🔴Sell : 12$ - 15$ - 20$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 10$ zone
🔵Sell : 10$
🔵Buy : 8$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
RAYDIUM breakoutthe 1 minute chart gives the correct vertical lines.
this is the 15 minute chart. the 136.6 is placed somewhere completely different.
If you are tradingview, please look at my middle finger!
This breakout is after 136.6 times a couple of minutes but trading view doesn't want you to know that
RAY/USDT Bullish Divergence 24 MinuteRAY is looking bullish on the 24 minute time frame. I would keep an eye out for all Solana shitcoin ecosystem. This coin is something I own for the SRM-Ray Pool for liquidity mining. The setup currently looks bullish for a continuation. This coin seems to perform well when Solana is doing well. Also it doesn't move much in terms of volatility compared to Solana itself.
Raydium Forms Ascending Channel Near Major Resistance-RAY is up over 30% the last week
-Price has formed an ascending channel
-RAY is being held up by the 40 MA
Raydium is a new token that was launched in early 2021. RAY just underwent a Binance listing in mid August which has caused a healthy price spike since. The use case for RAY is very appealing to many investors as it is natively hosted on the Solana blockchain. Raydium describes itself as an automated market maker & liquidity provider for the Serum decentralized exchange (DEX). This coin seems to have much potential as the interest in the SOL blockchain as well as decentralized exchanges have skyrocketed recently.
Ever since RAY was listed on Binance, the price has been in a strong uptrend. Over the past week, RAY attempted a breakout above its major resistance zone & hit nearly $17 in less than an hour. Quickly afterwards, bears pulled RAY all the way back under its major resistance zone found from $12.90-$13.77. At the time of writing, RAY is attempting to break the first level of this major resistance zone. If this is deemed successful, RAY will likely spike back above the $16 mark.
Over the past week, price has formed an ascending channel formation (shown in blue). Each time price touches either trend, it has gotten rejected back into the channel. A full break & retest of one of the trends of the channel is needed for price to break free. Yesterday, Raydium touched its 40MA which has held as support for over two weeks. If bulls fail to break & hold the major resistance zone & RAY gets pulled below its ascending channel, price will likely enter a downtrend. We should expect to look for a support bounce between $10-$11.
While looking at the Stochastic RSI, we can see that strength has just gotten rejected within the overbought region & it seems to be holding the 50 value as support. As long as strength stays over the 50 value, RAY will continue in a bullish stance. If strength breaks below this level, RAY will likely enter a short term downtrend. The MACD has been heading down towards the 0 value for almost a week now & the histogram is about to tick bearish. As long as the MA’s hold above the 0 value, RAY will continue its bull trend.
RAY Intraday Analysis
Spot rate: $12.73
Trend: Sideways
Volatility: Medium
Support: $12.12
Resistance: $12.92
ray beta drip from sol coming?see description sers, funding fees also unsually low for this atm so maybe some shorters get squeeze then we retest and send
RAY LONG TRADE 20210828Signal: Red -> Green
Context: Green
RAY, RAYDIUM, RAYUSD , RAYUSDT ,RAYUSDTP ,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Raydium decentralized exchange
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity.
RAY is the native utility token used for:
- Staking to earn protocol fees
- Staking to receive IDO allocations
- Governance votes on protocol decisions
if you liked Solana u will like Raydium also. Can Stake also RAY for 29% APR. Dyor it more.
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Trading Parts :
- Nothing to buy now, wait.
- This trade is a bit sophisticated, so you need to manage amount of money you invest.
- Money management is the Key of succes.
- Wait for a strong break and buy RAY after it pass 10.5$
- Wait for a dip and buy RAY around 5.5$
- Keep some cash in case of TheKing dip or trap and buy at Bottom around 2.5$-3$.
- TP1 : 14.9$ (Security TP)
- TP2 : 23.9$
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Happy Tr4Ding !
RAY/USDT Update: Raydium entry found. Solana Blockchain pumpRaydium as the leading DEX for the Solana Ecosystem which still is very young.
According to the upwards parallel channel we get a perfect entry opportunity and can enjoy the ride.
The volume increase is appealing and a bullish sign.
So far Raydium did not see a big pump so you are not too late for the party.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
New kid on the blockRaydium a very promising new Swap, Exchange, Stake Defi platform under Solana.
The token Ray is not being traded on major exchanges yet except FTX. So expect some major exchange announcements soon for this rising star.
Any leap will put us at 19.5 first. Current marketcap is around 500 million usd and I expect it to reach over 2 billion in a couple of months. That means an easy 4x is waiting to be capitalized.