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RAY / TetherUS

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RAYUSDT trade ideas

Is RAYUSDT About to Break Out? Key Levels to Watch Now!Yello, Paradisers! Is RAYUSDT gearing up for a massive breakout? The chart is showing a proper triple zigzag within a descending channel, which significantly increases the probability of an upcoming bullish move. 💎If RAYUSDT bounces from the current level, it could form a W-pattern, but for a high-probability setup, we need to see a breakout and a confirmed candle close above the key resistance. This move would also break the descending channel, signaling a stronger bullish push. 💎On the other hand, if the price retraces further or consolidates, a bounce may still occur, but the setup would be lower probability, making it less favorable to trade in this zone. 💎However, if RAYUSDT breaks down and closes below the support zone, the entire bullish setup will be invalidated. In that case, it would be wiser to wait for better price action before looking for new opportunities. 🎖 Patience and discipline are key, Paradisers. If this breakout happens, it will be a strong opportunity—but if invalidated, we wait for the market to present a better setup. Trade smart! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
RAYUSDT CHART ANALYSİS - EDUCATİONAL POSTHow NFT Technology Developed NFT technology was created in 2017 based on Ethereum smart contracts. Since then, we have witnessed many successful NFT projects and deals. Stories like these perfectly describe the current and future possibilities of the technology. The development of blockchain technology and the emergence of NFT services coincided with other processes in society and the economy. Many new players appeared in the stock markets, including non-professional traders and amateur investors. The democratization of financial markets coincided with the pandemic: being in self-isolation, alone with their devices, many people began to pay attention to new financial instruments. The information that arose around them also played a specific role in the “revival” of NFTs. The big names in the news headlines supporting NFTs couldn’t help but draw attention to them. That is one of the reasons why the success of the technology was inevitable.
by EngineeringRobo
1
RAYUSDT Double Bottom Pattern. Bullish Reversal in Play!RAYUSDT has recently formed a Double Bottom Pattern, a bullish reversal formation that signals the potential for a strong price move upwards. The Double Bottom is a classic chart pattern that typically marks the end of a downtrend, and the current setup in RAYUSDT suggests that the price may be on the verge of a significant upward breakout. The volume supporting this pattern is good, which enhances the reliability of this setup and indicates that there is solid investor interest behind the move. Traders are expecting a gain range of 50% to 55%+ if the breakout continues as expected. The Double Bottom Pattern is characterized by two distinct troughs, which form at roughly the same price level, followed by a breakout above the resistance level. This pattern often indicates a shift in market sentiment from bearish to bullish, and the current setup in RAYUSDT is no exception. As the price starts to break above the neckline of the pattern, it is expected to see a significant rally, potentially reaching new highs in the process. The good volume accompanying this pattern confirms that the market is reacting positively, and there is a good chance for traders to profit from the expected upward momentum. Investor interest in RAYUSDT is steadily increasing as more traders recognize the potential for strong returns. With the pattern well-formed and backed by solid market support, the coin is poised to make a move that could provide traders with notable gains. If RAYUSDT successfully breaks through the resistance level, it could set off a surge in buying pressure, pushing the price higher and opening the door for a 50% to 55%+ return for those who are positioned correctly. This pattern has the potential to deliver an exciting opportunity for traders looking to capitalize on a strong reversal in the market. However, it’s important for traders to keep an eye on key levels of support and resistance to confirm the breakout's validity. The broader crypto market sentiment could also play a role in RAYUSDT’s movement, so staying updated on overall market trends will be crucial. Given the current technical indicators and the growing investor interest, RAYUSDT could be poised for an explosive move upward, and traders who time their entry correctly may stand to gain from this bullish setup.
Long
by Alpha-GoldFX
#RAY/USDT#RAY The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it upwards strongly and retest it We have a bounce from the lower limit of the descending channel, this support is at a price of 4.80 We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise We have a trend to stabilize above the Moving Average 100 Entry price 5.05 First target 5.31 Second target 5.62 Third target 6.01
Long
by CryptoAnalystSignal
TradeCityPro | RAY: Key Levels and Market Scenarios Unfolding👋 Welcome to TradeCity Pro! In this analysis, I’ll be reviewing the RAY coin, which belongs to the Raydium project—one of the leading DEXs on the Solana network, processing a significant volume of transactions on the chain. 📅 Weekly Timeframe On the weekly chart, we observe a strong uptrend that began at 0.162. The first leg of this rally pushed the price to 2.724, followed by a correction, and then another leg extending to 7.215. Currently, the price is consolidating near this resistance level. 🔍 The 7.215 level coincides with the 0.618 Fibonacci Extension, making this a crucial Potential Reversal Zone (PRZ). If this level is broken, the next bullish leg could begin, with a minimum target of 15.803. The next major resistance aligns with the 1.0 Fibonacci level at 21.995. If the uptrend continues beyond this point, further targets will be identified in future analyses. 🕯 On the downside, considering the declining volume and shrinking candlestick size, the probability of a correction is notable. The first support level to watch is 2.724. Additionally, the RSI is hovering near a critical support at 58.34—if this level breaks, the likelihood of a correction increases. 🔽 The next and most significant support level is 0.94. If the price falls below this point, it could signal a shift in the high-wave cycle, leading to a significant downtrend. 📅 Daily Timeframe On the daily chart, the latest bullish leg started at 1.399 and extended to 6.363. The price is currently ranging between this resistance and the 4.352 support level, which also aligns with the 0.236 Fibonacci retracement, making it a key PRZ in this timeframe. ✨ Yesterday’s candlestick showed a sharp downward move accompanied by panic selling, followed by a recovery back toward the 6.363 resistance. 🔼 For a long position, the first breakout trigger would be 6.363, which I consider the primary trigger. The next breakout level is 8.090, but this was formed due to a fake move. If you miss the breakout above 6.363, you could consider entering upon the breakout of 8.090. 📉 However, yesterday’s volatility liquidated many long positions, causing significant fear among buyers. As a result, there are currently fewer buy orders in the support zones, which could allow the price to continue its downward move. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ If the RSI breaks below 38.94, the probability of a corrective move increases. In such a scenario, the price could retrace to key Fibonacci levels such as 0.382, 0.5, and 0.618. A deeper correction could lead to the 2.724 support level, and if this level breaks, the market trend could turn bearish for an extended period.
Long
by tradecitypro
7
RAY - A Dex dream come true! Ray has broken the 6$ barrier. This DEX is worth Billions. As i told in the previous ideas, there is a kind of momentum in the markets, referring to the Cup&Handle patterns. This one on the medium term is fantastic, and it is breaking the 6$ resistance level, which indicate a major shift and turning point on DEX sector. The historical volatility indicates that we can see this coin again at 15$ price level, which is our FIRST potential possible target. The volume is sustaining the growth of it,lets surf it ;-) good trading!
Long
by EdoardoTelve