RAYUSD D1: PT BULLS +600% GAINS USD BUY DIPS(SL/TP)(NEW)Why get subbed to me on Tradingview?
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RAYUSD D1: PT BULLS +600% GAINS USD BUY DIPS(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because this is a speculative
BULLISH setup .
🔸 Summary and potential trade setup
::: RAYUSD daily chart review/outlook
::: price contained within bullish channel
::: expecting IHS setup before BULL RUN
::: mild correction / BULLS BUY DIPS
::: expecting strong upside / re-test of channel
::: BULLS may buy near LS after pullback
::: TP bulls is 600% gains from IHS level
::: BEARS should remain on sidelines for now
::: SL BULLS is below LS
::: lower risk strat: BUY DIPS / accumulate near market
::: BULLS maintain control in this market
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: BULLS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
RAYUSD
RAYDIUM could go nuclear!!!Raydium showin couple nice things on the Daily chart. Also on higher timeframes but i only focus on the daily in this setup.
Potential Cup and Handle (yeah it's in the room with us rn), with a higher low doulbe/triple bottom at a .786 retrace, class C bullish divergence on the MACD Histogramm, RSI and Stochastic at very favorable levels and the day will most likely close with a bullish engulfing candle.
For a trade the stop loss is placed below the previous low even tho the 200sma and major support levels are right below it, but this setup only works with a local higher low.
lets see :)
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.
RAY/USDT BUY SIGNALThe current pullback is definitely very attractive. I'll try to capitalize on the current short-term uptrend with a perfect rr as usual.
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 !
#RAYUSDT 264%+ potential Rally!#RAY 264%+ potential Rally!
Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Well, this setup is for the spot.
RAY Looks good for a move upwards here.
BULLISH! Let's buy more RAY and get some money!Aside from BSC, we have SOL ecosystem to use. It is a lightning-fast ecosystem and I proved it.
FA for RAY is that it is an AMM and seems like AMM will bring DEFI to this ecosystem.
Entry price : 14.8 - 13.9
Target #1: 20 (10% TP)
Target #2: 24 (10% TP)
Target #3: 30 (Exit leverage, leave with only 50% of entry position)
Please do not go over x3 leverage, and make sure you put a proper stop loss. (2x = -10%, 3x = -5%)
RAY/USDT Raydium picking up speed together with SolanaWe see Raydium in an upwards channel and currently testing old resistance lines.
If this old resistance turns into support we can expect some further upwards movement.
As the biggest dex of solana Raydium could have a bright future ahead.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- 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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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.
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.