Ruby / Usdt BYBIT:RUBYUSDT
The current price of Ruby stands at $0.0017, approaching a crucial support zone at $0.00146. In technical analysis, a support zone is a price level where buying interest is expected to be strong enough to prevent further declines. If Ruby maintains its current price at $0.0017 or successfully holds above $0.00146, it suggests potential stability or upward movement. In such a case, the next resistance zones to monitor are at $0.00161 and $0.00196. Resistance zones are levels where selling pressure may emerge, potentially halting further price increases.
If Ruby breaks through the current support level at $0.00146 and fails to hold above it, the price could potentially decline further, indicating a bearish trend. Conversely, if the price manages to hold at $0.0017 and rise past $0.00161, it could continue moving towards the next resistance level at $0.00196, suggesting bullish momentum.
**Disclaimer:** This analysis is for informational purposes only and is not financial advice. Always conduct your own research (DYOR) and consult with a professional financial advisor before making any investment decisions.
Ruby
Gem in the Rough (Intel)I discovered a gem-shaped pattern that I call the Ruby Pattern© . Inside is another pattern I call the Lance Pattern© . Let me know what you think. Aside from the pattern itself, the market for semiconductor chips is incredibly hot right now. Intel CEO Pat Gelsinger predicts this trend to last until 2023.
RUBY Bullish Setup (earnings out 28th March)
NASDAQ:RUBY
Setting a nice bullish consolidation. Any break of resistance is a trigger long for me. Earnings out so soon throws a spanner in the works though so would ideally like to wait and see how it reacts to it's earnings
Short float= 12.7%
Keep risk tight (area marked on chart) Be aware this is a pharma stock so they have been known to be wild (news announcements) so keep this in mind. Extra caution in this sector when trading it.
RT for Cinco De MayoI believe $RT is ready for a pullback reversal 5-5-15
My levels are as follows
Entry: 7.25
Target: 7.75
Stop Loss: 6.90
Good luck and be safe