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RARIUSD trade ideas

Rarible/USD Technical Analysis Wyckoff Accumulation Pattern: The weekly chart of Rarible/USD shows a pattern that resembles a Wyckoff accumulation pattern, characterized by a giant inverted head and shoulders. This could indicate long-term accumulation by large investors, including Coinbase which uses Rarible for minting its native NFTs. Theoretical Price Target: Based on the head and shoulders pattern, a potential target could be $14. However, it's important to note that technical analysis is subjective and shouldn't be the sole basis for investment decisions.
COINBASE:RARIUSDLong
by ParabolicP
4
RARI USDT TO $50RARI USDT TO $50 Long accumulation phase on WEEKLY timeframe that finally broke out. This recent breakout from a long accumulation phase on the weekly timeframe suggests significant potential upside. Notably, it broke out of a drawn-out weekly descending channel. Generally, the higher the timeframe of the breakout, the larger the potential move. We observed a similar scenario with AVAX. We entered AVAX when it was under $10 and caught the mega-pump upwards of $40. Target: $50 -------------- Why $50? RARI boasts a maximum supply of 25,000,000 tokens, with nearly half of that already in circulation, totaling 11,578,869. Presently, the market cap stands at $50,000,000. In the dynamic world of NFTs, which gained substantial traction in 2021 and are poised for even greater prominence in the upcoming bull run, RARI stands out. Not merely an NFT platform, RARI has evolved into a Layer3 ETH chain, featuring its own smart contract platform. This development is significant and positions RARI for substantial growth. A noteworthy aspect that often goes unnoticed is RARI's dual presence on Coinbase, as well as its inclusion in the Coinbase Ventures Portfolio. Historical trends indicate that coins backed by prominent institutions and venture capitalists tend to perform exceptionally well. Given its functional utility and use case, a target of $50 seems plausible. Achieving this mark would elevate the market cap to $500,000,000, a realistic milestone. It's essential to recognize the scarcity of RARI's token supply, making it susceptible to significant price pumps. While the potential for RARI to surpass $50 exists, this target represents a conservative estimate. It's crucial to acknowledge that we're still in the early stages of RARI's journey, particularly considering that its smart chain has recently launched. Therefore, achieving this long-term target may take months or even years. Rarible Protocol – open-source and free-to-use infrastructure for building NFT apps and experiences, such as marketplaces, wallets, analytics and more. RARI Chain is a secure and low-cost Ethereum L3 chain that guarantees royalty payments through enforcement on the node level. RARI Foundation and RARI DAO are committed to broadening the NFT use case horizon by creating a creator-centric and fully decentralized robust ecosystem. RARI has been a fixture on my watchlist for months, and I'm pleased to share that my average entry price was $1.57, a detail I've also shared with my followers. COINBASE:RARIUSD KRAKEN:RARIUSD CRYPTO:RARIUSD POLONIEX:RARIUSDT MEXC:RARIUSDT COINEX:RARIUSDT GATEIO:RARIUSDT BITMART:RARIUSDT
CRYPTO:RARIUSDLong
by Coindatahouse
2
$RARI #RARI BULLISH REVERSAL OR NEW LOWS??????????????????RARI structure for me isnt enough to surgest the bottoms in, but while we are at these current low across the board i ask you to look at the structure to the left, you should see the level of liquidty built up at $1.83 RETAIL SAFE HEAVEN, ive highlighted this across multiple asset that are seeing a bullish trend reversal.The large swing high you see at $5.30 could be the level we see price catipulte from once breached, but while we are down at current levels of price, if we see strutuce as per chart then we can be a buyer of each retest to take advantage of such move. AGAIN with our analysis on dxy and strong bounce will drop crypto and alts like rari IF they dont expand prior to this DXY correcton she will make new lows. NFA
KRAKEN:RARIUSD
by Marketperceptions00
1
Counting touches4 touches and we get a move. Using this strategy has really helped me. I was always being told by different traders that things happen in a series of 3, when it hits 3 times it is time for action....and I was losing money. I then heard from a professional trader to use 4 touches......35% gain in a month, trading every day. Could this little trick really be the flip of a switch I needed? Maybe. I have also been pairing this with a .5% trailing stop right after I enter. Doing this instead of a targeted price stop loss is somehow easier to mentally force myself to do instead of hoping for it to go my way and then things getting away from me. Anyway, hope this might help you like it is helping me!
KRAKEN:RARIUSD
by Reigncane
1