RAYUSDT trade ideas
RAYDIUM breakoutthe 1 minute chart gives the correct vertical lines.
this is the 15 minute chart. the 136.6 is placed somewhere completely different.
If you are tradingview, please look at my middle finger!
This breakout is after 136.6 times a couple of minutes but trading view doesn't want you to know that
RAY/USDT Bullish Divergence 24 MinuteRAY is looking bullish on the 24 minute time frame. I would keep an eye out for all Solana shitcoin ecosystem. This coin is something I own for the SRM-Ray Pool for liquidity mining. The setup currently looks bullish for a continuation. This coin seems to perform well when Solana is doing well. Also it doesn't move much in terms of volatility compared to Solana itself.
Ray uptrend 18 $
Those who buy RAY currency can save in the range of $ 18 to $ 20
And if they encounter resistance, they will buy $ 18 to $ 20 again at a price of $ 15 to $ 16
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will .
RAY// Moon Shot vs More AccumulationMy initial view when looking at the recent price action is a rising triangle, and infact there was a slight pump when price rejected the 20ema...however, a breakout on a chart like this coming out of a recent pump would require more accumulation above the 20EMA right under the main resistance. We didnt get that and had a fake out - first time with the wick, and secondly with the M recently formed.
When looking at the daily, its a shit show at that level and that only tells me its like that this triangle turns into a range - retesting a trendline lightly shaded that price interacts with often in the beginning of this chart. From there it would then begin to look like the charts we've seen from VET, FTT , FLOW, and IOTX to name a few.
Regardless, there is a lot of accumulation and manipulation going on on the smaller time frames - but given this slight 20% range area, it wouldnt hurt to accumulate near the middle.
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 Channel with Upper and Lower limits (FIRST DRAFT)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 "moving averages" 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.