RACA Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
RACA is breaking out above the resistance trendline and is currently trending above the 50 EMA. If it sustains this level, a bullish rally can be expected.
However, if the price dips, the support trendline at $0.000117 must hold. If it fails to do so, the price may potentially retest the all-time low support level.
Key levels:
- Resistance: $0.000148 (Breakout).
- Support: $0.000117.
- Lower Support: $0.000082.
- Bullish Target: $0.0003, $0.00048, $0.0007.
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Raca
RACAUSDT 🚀 Inverse Head ShouldersHey guys!
Today I'd like to share a RACA Coin idea. I've spotted an inverse head and shoulders pattern that has formed after a solid downtrend. Confirmation to the bullish upside would be a breakout and re-test of the descending triangle line marked in red and followed by entry trigger dropping into the lower timeframes such as Daily TF.
Confluences:
We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome!
We've got Ichimoku Cloud breakout on the Weekly TF which signals bulls are taking over still make sure you have a plan to be certain with your confirmations.
Targets are marked in the chart with text:
1) 0.0015
2) 0.0025
3) 0.0070
Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan and take profits partially as you go hitting the targets.
Let's see how it plays out!
Kina 🚀
REEF IMPENDING A YEARLY BREAKOUTIn this chart of BINANCE:REEFUSDT on a weekly timeframe, the price has touched the strongest trendline of REEF as of this date. As a trader, it sparks excitement for a potential breakout that could happen soon.
In this technical analysis, the coin is forming a divergence wherein the price is creating a lower low and our indicators showing a higher low, citing a bullish divergence.
And the price movement clearly shows the diagonal support and resistance lines, leading to this yearly falling wedge pattern. Take a peek on the instances of the coin hitting the trendline (highlighted in red) in this chart below.
Additionally, the month of October and November proved to be special for the coin and it shows the firmness of the resistance line.
If a rejection happens, I will consider this diagonal support for a possible breakdown intraday short play.
Today is weekend, so I don't expect a massive movement for now. Though still on a downtrend, expect a massive increase in the price if it breaks out the year-long trendline. We will have to WAIT for that to happen, it's just a matter of time and patience as I would point out in my previous posts.
Always PLAN your trades and happy trading!
$Raca performed symmetrical triangleTrading a bullish symmetrical triangle is a common strategy used by traders to take advantage of potential price breakouts to the upside. Here's a step-by-step guide on how to trade a bullish symmetrical triangle:
1. **Identify the Symmetrical Triangle Pattern:**
Start by identifying a symmetrical triangle pattern on a price chart. This pattern is characterized by converging trendlines, where the upper trendline (resistance) and lower trendline (support) come together, forming a triangle. The price should be making lower highs and higher lows within this pattern.
2. **Confirm the Bullish Bias:**
Before trading, it's important to confirm a bullish bias. Look for other technical indicators or factors that support the idea that the price is likely to break out to the upside. This could include positive news, strong fundamentals, or additional technical indicators like moving averages or RSI.
3. **Set Entry and Stop-Loss Levels:**
Determine your entry point and stop-loss level. The entry point is typically just above the upper trendline (resistance) of the symmetrical triangle. This is where you'll enter the trade when the price breaks above this level. The stop-loss should be set just below the lower trendline (support) of the triangle to limit potential losses.
4. **Set Profit Targets:**
Establish profit targets based on your risk-reward ratio. You can do this by measuring the height of the triangle at its widest point and adding that distance to the breakout point. This can give you an idea of the potential price target. It's important to have a clear plan for taking profits.
5. **Wait for the Breakout:**
Be patient and wait for a clear breakout. The breakout should be accompanied by increased trading volume, indicating strong buying interest. Once the price closes convincingly above the upper trendline, it's a signal to enter the trade.
6. **Manage the Trade:**
Once in the trade, monitor it closely. If the price continues to move in your favor, consider trailing your stop-loss to protect your profits. This involves adjusting the stop-loss order upward as the price climbs.
7. **Take Profits or Cut Losses:**
When the price reaches your profit target or if it shows signs of a reversal, consider taking profits. If the price breaks below the lower trendline, it may be time to cut your losses by exiting the trade.
8. **Risk Management:**
Never risk more than you can afford to lose on any trade. It's important to have a risk management strategy in place to protect your capital.
9. **Backtest and Learn:**
After the trade, review the results and learn from your experiences. Symmetrical triangles don't always result in breakouts, so it's crucial to continually refine your trading strategy.
Remember that trading involves risk, and there are no guarantees of profit. It's essential to use proper risk management and have a clear trading plan in place when trading any pattern, including bullish symmetrical triangles. Additionally, consider using a demo account to practice your strategy before risking real capital.
RACA. Radio Caca.The price for the first time in history is trying to gain a foothold above the moving averages. Also, the position of moving averages on chart indicates a likely future upward crossover, indicating a potential golden cross formation. A broken global descending channel signals a completed downtrend, with a potential target that is 250% higher than this one.
DOGE/USDT 22.3.27The Dogecoin is below the short-term trendline (red) which, if broken, could climb to the range of 0.16 to 0.17.
But to start the uptrend, you need to break the downward trend (blue) color and the range of 0.16 to 0.17, after which it can grow 100%.
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
27.Mar.22
(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
RADIO CACA (RACA) ANALYSISCOINEX:RACAUSDT
Currently, on the 4 H TimeFrame of Radio Caca market is on the Down Trend. It confirmed by the CandleStick position is below the MovingAverage 200, and we can see the Higher Low has been broken. So, it means the trend will continue Bearish and try to reach the Lower Low / Support. Before finally a reversal occurs or even breaks the Support, lets see!
THE END OF BEARISH $RACA | BEGINNING OF NEW BULLISH, BUY?NOT FINANCIAL ADVICE!!
I'm HODLER $RACA and play the game Metamon P2E, and I did this analysis based on technical analysis of Fibonaci, EMA, and Chart Patterns, and My Fundamental Experience.
COINEX:RACAUSDT
Since $RACA hit a All Time High (ATH) in November, and the bearish market CRYPTO came in early December and had a downtrend impact for $RACA. Recently, the $RACA P2E Game has undergone many changes which add significantly from the drop release of the NFT Mystery Box to the change in egg odds in the Metamon game, which makes the market sensitive and new entrants to the $Metamon game less. Exactly November 11 to December 15 Raca experienced a decline of 80%.
(HOW CAN BE DOWN TREND!)
If on the Fibonaci Extension the price decline has reached the point at 0.038 and has tried to look back up and resistance was rejected 0.38, the decline continues and creates a Descending Triangle which will create an alias Descending Triangletrun at the support at above 0.0015 price.
1. The decline will continue below 0.038 (Fibonaci Rejection)
2. The decline continues following the Descending Triangle pattern up to the point 0.0015 (Strong Support)
(WHERE IS THE BULLISH MARKET!!)
In case of Fibonaci Retracement, the rising price will try sideway resistance at 0.038 and if it sees a break of the 0.038 resistance, the increase will continue and create a new bull trend to and will be at 0.06 for the sell market to test the sell market if the resistance is resistance at line 0 38, or sideways at 0.0038.
1. An increase will occur when it hits the lower support 0.015
2. Attempts of trend reversal will occur when the 0.38 resistance breaks
3. A new BullTrend will occur when the 0.06 resistance breaks
Note: All buy and sell signs are not for educational purposes only.
RACA USDT BREAKOUT!RACA/USDT breaks out descending trend, looks bullish if closed 1D candle above the descending trend
Risk to reward ratio looks very good (+ve), please consider the risk first then the reward.
Targets are shown along with profit %
Good entry for scalping after 4H confirmation candle close, investors shall jump in for now.
In terms of project overview, hype is still on social media, very good project community and the team behind the project are active on social accounts, good for investment as of today considering the project is NEW on market.
Not a financial advice.
As Always Good Luck!
RACA forming double bottom. The way is up.RACA has reached the trend line on the daily and 4h charts.
After forming a head and shoulders between the 9th and 18th November (When it reached the ATH), we've been RACA following most of the market and losing over 50% of its value in the past 2 weeks.
After the head and shoulders, the correction was further confirmed with a double top (4h chart) that brought the price down.
Over the past few hours price reached the 0.786 Fibonacci level and bounced.
We are now facing some resistance at $0.0049 that should bring the price down and retes the trend line. We should form a double bottom (W pattern) that will be our trend reversal confirmation.
Resistance levels to watch:
$0.0055
$0.006
Fibonacci level 0.618 roughly at $0.0069
In my opinion, the way is up and RACA will be retesting ATH POSSIBLY reaching $0.012 or even $ 0.016.
All these actions are dependant on BTC performance. Be aware.
RACA above support yet and potential to increase 140%#RACAUSDT
$RACA is a #metaverse coin I think that's enough to take a look and invest in it 😉.
price is near the ascending support and between support of 0.5 and 0.618 fib levels of last swing high.
if success holding this support zone, price can increase to $0.0133 and $0.0153.
breaking this zone will drop price to $0.0037.
Averaging RACA, market analysis 19/11/2021As you can see on the chart, RACA form falling wedge and just break out yesterday, but it doesn't enough for RACA to continue up from "Averaging Area". Good news is RSI indicator shows us it was over sold, you can start to buy on "Averaging Area", and for best price to buy is on "Best Area", so prepare your stable coin, good luck
why we should buy and hold ELON MUSK mothers TOKEN (RACA)!!Hi Guys
Today I want to introduce you the ELON mothers TOKEN, Mia Musk, and tell you why we should buy and hold this currency.
at firs let me tell you What is Radio Caca(RACA)?
🔴Radio Caca is the native token for the Universal Metaverse. Radio Caca is also the exclusive manager of “Maye Musk Mystery Box” NFT.
Radio Caca is also the motive of decentralized finance and decentralized games in the USM Metaverse. The project is known On the Reddit social network as the gateway to various NFT markets.
🔴According to the description on the official website of Radio Caca, this currency has three general plans and goals for itself in the future Which I will tell you briefly:(⚠️Fundamental analysis is a bit specialized, and if you are not interested in reading it, you can go to the next red circle.)
1️⃣NFTs of Mia Musk:
Maye Musk has merged four leading names in the NFT industry: CryptoPunks , Hashmasks , Bored Ape Yacht Club and Maye Musk Mystery Box. Mia Musk is the only one designed on the BSC (binance Smart Chain) network, the other three are mounted on the Ethereum blockchain. Mia Musk also has a functional token known as MPB. Each MPB unlocks new countries and forces in USM Metaverse. The minimum price of 1 MPB in the market is about 20 BNB and the maximum price is 10 thousand BNB.
Binance Exchange CEO Changpeng Zhao tweeted that the Maye Musk Mystery Box is a challenge designed and launched by Mia Musk, the mother of Elon Musk's famous billionaire.
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2️⃣Launched USM Metaverse by Radio Kaka:
"USM Metaverse" is a 3D mapping MMO metaverse, developed over the past two years by a team from Tencent and Roblox. The way it works is that USM launches a mini-game and customers can play a role in that game based on the "play and make money" theory. In this game, RACA acts like an AXS token for the Axie Infinity game.
USM Metaverse will probably be in the style and model of Final Fantasy XIV, but only with FFXIV frames, sequences and structures, not similar to its battles. Their avatar will be launched in September 2021. The official launch date of USM Metaverse is March 2022.
3️⃣ is a lovely robotic dog on the Radio Caca platform:
Koda, a four-legged robotic dog, is one of the first decentralized robotic artificial intelligence projects in the world. With optional feature, to store information on IPFS and Quinn file community.The Non-Fungible "Dancing Koda" token is a good demonstration of Koda's agility. This NFT is issued through Radio Caca and the RACA token is the only way to offer a purchase.
🔴Now back to the first question, why we should buy and hold this currency.
🟫The first reason: this currency has a very good foundation and the projects ahead of this currency are very exciting.
⬜️The second reason is that the management of this token is with Mia Musk, who has a lot of credit and money, which is definitely very influential in the growth of this currency.
And definitely, the reputation of this woman will make the companies and big names of the crypto world quickly announce their readiness to cooperate with this project.
🟪The third reason is that the woman's son is Elon Musk, It may sound like a joke, but it 's a fact that if your son is Elon Musk, it will help Token grow a lot😂.Since the relationship between Elon Musk and his mother is very good and we all saw how Elon, through his credit and his Twitter account, grew two currencies, Shiba and Dodge, which are not fundamentally valuable, And these two currencies are currently among the 11 most important currencies in the crypto market.SO rest assured that in the near future we will read a lot of Elon Musk tweets about RACA
And after each tweet, we will see the pumps of this currency.
🟦The fourth reason is that the market cap of this currency is not large and it will experience a lot of price growth with the entry of medium capital, and since it is not listed in many international exchange yet, a lot of capital is still going to enter this currency and every time after Listing in an exchange will experience great growth. I bought it and I am waiting for it to be listed in binance.🤩
🟩The fifth reason is that for this currency, there are plans for burning tokens, which after the implementation of each, a large growth in this currency is predicted.
🔴Specifications of Raca tokens
▪️Token ID: Radio Caca
▪️Trade Abbreviation: RACA
▪️Blockchain: Binance Smart China
▪️Token standard: BEP-20
▪️Token type: functional
▪️Supply: 500 trillion RACA
▪️Direct supply in exchange offices: 320 trillion RACA
▪️Allocated to RACA Team: RACA 70 billion (3-year period - Available on quarterly intervals)
▪️Allocated to mining and steak: 60 billion RACA (over 1 year)
▪️Tokens allocated for burning: 50 billion RACA (after the start of the second round of RACA)
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⚜️⚜️If the number of likes ❤️ reaches 400, I will publish a detailed technical analysis of this currency so that you know its price by the end of this year and the years to come.