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RAYUSD

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 :)
FTX:RAYUSDLong
by luyestefan
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.
FTX:RAYUSDLong
by Crypto-Quantum-Fox
10
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: $12.92
by CoinGape
2
Raydium decentralized exchange Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for: - Staking to earn protocol fees - Staking to receive IDO allocations - Governance votes on protocol decisions if you liked Solana u will like Raydium also. Can Stake also RAY for 29% APR. Dyor it more. ------------------------------------------------------------- Trading Parts : - Nothing to buy now, wait. - This trade is a bit sophisticated, so you need to manage amount of money you invest. - Money management is the Key of succes. - Wait for a strong break and buy RAY after it pass 10.5$ - 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$ ------------------------------------------------------------- Happy Tr4Ding !
FTX:RAYUSDLong
by thecryer
8
RAY/USDT Raydium picking up speed together with SolanaWe see Raydium in an upwards channel and currently testing old resistance lines. If this old resistance turns into support we can expect some further upwards movement. As the biggest dex of solana Raydium could have a bright future ahead. Basic rules: - Never buy the top/ATH - Take profit as long as you can - 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. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers 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. 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.
FTX:RAYUSDLong
by tumbler55