Raydium is not tired to run and still trying to breakout.After already gaining 20% today, Raydium is not tired to run and still trying to breakout.
RAYUSD
$RAY important daily closeIf $RAY is able to close within this range today, I am very bullish on an upward breakout within the next week or two
RAYUSD huge pump coming !!!Hello and hope you all are doing well.
Update regarding RAYUSD price, we successfully broke the pennant and price retested the support. Next we can expect price rally, we have Moving Average support at main area so IMO will be good to add some here. It's quick and short update for trade hunters.
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Finally a Ray of lightRaydium is making his moves today. After a consolidation period it is breaking out. When the resistance around 10.3 is gone, ATH is very likely.
$RAY inverted head and shoulders$RAY
inverted head and shoulders
Disclaimer
I'm not a registered investment, legal or tax advisor or a broker/dealer. All investment/ financial opinions expressed by me are from the personal research and experience. Intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.
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My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find there and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Past performance is not a guarantee of future return, nor is it necessarily indicative of future performance. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
RAY 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Raydium: An Undervalued SBF Coin with High Growth Potential In this post, I'll be going over one of the more undervalued coins, Raydium.
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Applying technical analysis in this chart is rather difficult as there isn't enough price action.
- However, the setup looks almost identical to other coins like sushi and uniswap that have grown over 10x since their initial breakout
- This coin is also one of SBF's coins. Other SBF coins include Solana (SOL), Sushi Swap (SUSHI), Ren (REN), and Serun (SRM).
- Besides Serum, all other coins' market caps are in the billions range.
- Raydium's market cap is at a mere $107m.
- We have broken out of the descending trend line resistance, and with the entire market being extremely bullish, a move towards the 1.618 fib resistance at $20 seems reasonable.
Raydium (RAY) potential 64% profitRAY was only recently listed on FTX and price has been dragged down by the Bitcoin correction.
If price can close and hold above $9 it will be well positioned to retest the high.
This one is straight forward, buy and walkaway.
Happy trading.
