RAREUSDT trade ideas
RARE/USDT: POTENTIAL FALLING WEDGE PATTERN!!Hey everyone!
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RARE looks good here. Forming a falling wedge-like structure in 4hr time frame and currently hovering near the lower trendline of the wedge. Expecting a good bounce from here. Buy some here and add more in the dip.
Entry range:- $0.136-$0.143
Targets:- $0.168/$0.184/$0.202/$0.24
SL:- $0.129
Lev:- 2x-4x
What are your thoughts on RARE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Phemex Analysis 18: RARE's Next Move - Bullish or Bearish?PHEMEX:RAREUSDT.P recently experienced a meteoric rise, surging 300% in just three days. However, market sentiment quickly turned bearish, leading to a 54% price decline from its all-time high (ATH).
Given this volatility, many traders are wondering what to expect next. Will RARE's price continue to drop, or could a reversal be imminent? Is now a good time to buy low, or should we consider shorting?
To answer these questions, let's explore key support and resistance levels for RARE, and a few potential scenarios:
Support and Resistance Levels
Strong Support: $0.095, the level that marked the beginning of the recent parabolic rally. A break below this level could signal a more significant downtrend.
Intermediate Support: $0.135. A retest of this level could provide a buying opportunity, but a break below it would weaken the bullish case.
Resistance Levels: $0.172 and $0.19. These levels represent potential barriers to a sustained uptrend. A break above these levels would be bullish.
Potential Scenarios
Continued Decline: If RARE's price continues to fall, support levels at $0.135 and $0.095 may be crucial. The $0.095 level is particularly significant as it marked the beginning of the 300% rally. While buying the dip at these support levels might offer opportunities, it's essential to manage risk by avoiding over-allocation.
Quick Rebound: Although less likely, a rapid price increase cannot be ruled out. If RARE's price surges, resistance levels at $0.172 and $0.19 could act as barriers. Short-term traders might consider going long during such a rally, aiming to profit from the subsequent pullback.
Consolidation: Before another significant rally, RARE may need a period of consolidation to accumulate buying power. This could occur after a pullback to resistance levels or a decline to support levels. Patience is key in this scenario; wait for price action to confirm either scenario 1 or 2 before gradually accumulating positions.
By carefully considering these factors and potential scenarios, you can make more informed decisions about your RARE investment.
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$0.16 is Imminent for $Rare (SuperRare)$0.16 is Imminent for NASDAQ:RARE (SuperRare)
NASDAQ:RARE is currently struggling with FIB61.8 as a support zone. If this asset breaks this support level, we may see SuperRare fall to $0.1600 and possibly $0.14 if the bears push harder. Watch out for the zones.
RARE is forming 30M Bull FlagIn the chart, there’s a noticeable strong upward movement before the price starts to consolidate and move downwards in what seems to be a parallel downward channel. This fits the definition of a bull flag.
Key Features:
1. Flagpole: The strong upward price movement prior to the channel is the flagpole. This move is typically steep and occurs over a relatively short period, which is visible in your chart.
2. Flag: The downward sloping channel after the initial upward surge. This represents a period of consolidation before a potential continuation of the previous trend. The chart shows this phase quite clearly, with the price making lower highs and lower lows within the channel.
Price Action:
- The price is currently near the lower boundary of the channel, suggesting a possible breakout to the upside if the bull flag pattern completes successfully.
- The presence of buy and sell signals (as shown by the B and S labels on the chart) within the channel further indicates trading activity within this consolidation phase, with sellers dominating the upper part of the channel and buyers stepping in near the lower part.
Next Steps:
- Breakout Confirmation: A breakout above the upper trendline of the flag (typically on increased volume) would confirm the bull flag and suggest a continuation of the prior uptrend.
- Risk Management: However, if the price breaks below the lower boundary of the flag, it could invalidate the bull flag and potentially signal a reversal or further downside movement.
Conclusion:
The chart is showing a classic bull flag pattern, which is generally a bullish continuation pattern. Monitoring for a breakout above the flag will be crucial to confirm this bullish bias. If a breakout does occur, it could lead to a continuation of the upward trend seen in the flagpole phase.
Wait for RARE pullback before buyingRARE pumped by 367% in one Week 🚀 Looks like a good start to reverse from downtrend. But buying late is the worst thing you can do. So its worth to wait for pullback.
Most interesting zones to buy the dips are ~0.19 and ~0.13-0.12
First one will be touched in any case, but hard to predict if there will be a quick bullish bounce, or just a small one, followed by second leg down. So watch it closely.
Second zone much more interesting. Might require a week or two to get there.
Month chart very promising. Good chances that 2025 will be bullish for RARE
SuperRare (RARE) - 100x opportunityOn the above 1-day chart price action has corrected 90%+ since October last. A number of reasons now exist to be long, including:
1) The ‘incredible buy’ signal prints.
2) Price action and RSI resistance breakouts.
3) Volume . I don’t know why, there’s a lot of accumulation on various exchanges for this token over the last month. Someone knows something I don’t.
4) Everything that was said above also applies for the BTC pair (see 1-day chart below).
5) This is a ‘what if’ list token and already has met the required conditions. See 2-day BTC pair below. Double ‘IB’ signals!
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 4 to 9 months
Return: 100x
1-day btc chart
2-day BTC pair ‘what if’