RAYUSD trade ideas
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 Short Term OutlookRaydium looks to have bottomed, after topping in mid-September, finishing what I am expecting to be the bottom of the handle.
If the overall crypto market turns hyper bullish to end 2021, then the solana ecosystem will be at the forefront. It's been a fantastic momentum indicator over the last few months.
#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.
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.
great cup&handle formingI don't use FTX nor I own this coin, however I know it's part of a very good ecosystem which is growing pretty well. It did almost 6x since past July's bottom and now has formed a cup. This can be a cup and handle with the handle as a descending channel but I've drawn it as a round handle to be sure.
I'd enter a third now and wait to see if it retraces more or if it starts to go up. Use my resistance line to assess when the pattern is breaking up, not second cup peak, it is also confirmed by VLPR.
Good luck and always set a stop loss, you never know!
$RAY Potential LongAlthough overall market context a the moment is bearish, with Solana dropping which is also heavily correlated with ray, these are the two entries im looking at. If this range holds up well, im looking for a long either off the range, or if it breaks through the range ill be looking at a long from the demand zone between 8.2 to 8.9. Will be waiting to see how this plays out.
Ray Watch Out!Despite forming higher high and higher lows was rejected the 2nd time at resistance. It either flips the resistance into support or it will go much lower.
I have to say that much of the fate of this coin depends on Solana. If Solana drops, this drops too
Raydium showing huge bullish momentum in the weeks to comeThe Uniswap of Solana can double from here. It has gone through a long period of accumulation down there between 2-3$ before rising up to these levels with the Solana frenzy. Targets on the chart are mere estimates based on my TA and do not guarantee any returns! Always DYOR before investing in crypto projects!
RAY/SOL - Raydium looks like bottomed against Solana. #RAY #SOL RAY/SOL chart looks like RAY has bottomed against SOL. If you are a Solana bull, this is an opportunity to maximize your Solana holdings. Risk reward in this trade is very high. Gains could be as low as 90% to high as 700%.
Ray : Support bounceRay could be considered quite undervalued in terms of transaction volume vs marketcap when comparing against other swaps.
At the moment, hoping for a bounce off of this previous support level.
RAU/USDRAY/USD
Raydium price are following this pattern and act in this channel so you can trade according this chart, and if candle close this channel and confirm support then may be possible ray price can go up till resistence dollar if broke down then we are going to next fib support.
RAY/USD UPDATEI have mentioned all scenerio if market goes down then what can be happen and if go up then what can.
Long RAY mid termEntry: DCA around $8.40
SL: $6.398
TP1: $9.1705
TP2: 10.9815 (major TP, strong RES a bit above this level)
TP3: 13.3173
TP4: 15.9857
Raydium decentralized exchange
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity.
RAY is the native utility token used for:
- Staking to earn protocol fees
- Staking to receive IDO allocations
- Governance votes on protocol decisions
if you liked Solana u will like Raydium also. Can Stake also RAY for 29% APR. Dyor it more.
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Trading Parts :
- Nothing to buy now, wait.
- This trade is a bit sophisticated, so you need to manage amount of money you invest.
- Money management is the Key of succes.
- Wait for a strong break and buy RAY after it pass 10.5$
- 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 !
$RAYDIUM The accumulation phase has just ended and the market is expanding. With $BTC having a hard time going above the 40k zone, we can expect a trading range of 30k-40k zones (short term.) This is a signal for ALTS with solid fundamental foundations to move further up for a long swing. The range boxes will serve as our guide for entries/exits, support/resistance levels to consider.
The chart will be adjusted accordingly to the technical analysis of daily price action.
This is not a piece of financial advice and own analysis must be done before any trading decisions.
I hope for the best for all!
RAY Channel with Upper and Lower limits (FTX data)I strongly recommend this CHART over the Binance chart at this point. It has more historical data and it's far more precise.
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.
Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
#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.
