BlockShot - #RAY/USD - Potential 178%Interesting chart - if we can break $5.748 then it looks like this can really go to the moon.
Held a good support level after the 19th May crash - and continued to consolidate for most of June & July looking pretty primed for a pump.
It's key to remain above this upward trend line - likely to see a bit of a dip to $5 but then holding the support and trendline the break out should take from there.
Targets outlined on the charts
***These are idea's formulated from charts moving into key areas and are NOT formal BPT trades shared from TradingView - only enter based on your own research***
RAYPERP trade ideas
signs of a bottomingAfter dropping over 80% this is starting to look like it is bottoming
on the 4 hr we can see a higher low setting
Zooming in the smaller structure it seems to be a tight pullback.
Breaking of 4.56 would be a nice confirmation of an uptrend starting. The structure also somewhat resembles an ihns
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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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.