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RAY / TetherUS

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RAYUSDT trade ideas

Is RAY Ready for a Major Move?Yello, Paradisers! Have you been watching #RAYUSDT? If not, it’s time to pay attention! 💎#RAY has been one of the most trending altcoins this year, moving inside a macro ascending channel. 💎Short-Term converging triangle is forming, with a breakout level at 2.650. If RAY can break through this level, it will achieve another success in the shape of breakout above the mid-ascending channel level. 💎Once momentum builds above the 2.650 level, price would see a swift move towards 2.90, followed by strong resistance levels at 3.35 to 3.45. 💎On the contrary, if RAY breaks down instead, it could slide towards the 1.95-1.85 support zone. This is a strong support level and is likely to contain any further selling. Paradisers, keep a close eye on these levels. The next move could be significant! Trade smart and stay focused! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
2
Ray Coin shows a promising pattern amid market gloomDespite market challenges with Mt. Gox and the German government selling Bitcoin, Ray coin could be in the process of forming an ascending triangle pattern. The price action is currently set up as a double top at $2, but a third rejection at this level would turn into an ascending triangle pattern. Ray could surge if Bitcoin bottoms out after the German government sells it. Measuring from the June 24th low to the $2 neckline, the difference is 64 cents or 47%. Adding this to the neckline gives a target of $2.64, representing a 31% move. This presents a solid risk-to-reward ratio, making Ray a noteworthy watch. Do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
Raydium: A better investment than SOLANA and UNISWAPRaydium: The DEX Giant RAYDIUM is the biggest DEX (decentralized exchange) on the planet! It should normally have a higher price than Uniswap, which currently boasts a $6.5 billion market cap. Raydium is deeply undervalued, currently ranked #149 on CoinMarketCap. Fair Valuation for Raydium If Raydium had the same valuation as Uniswap (which is reasonable considering Raydium's daily volume is 200 million higher), its fair price would be $45.48 USD! This number could even be higher because Raydium is the number 1 DEX on CoinMarketCap. (Formula: current Market Cap (Uniswap) / Market Cap (Raydium) * 1.87) Raydium's Growth Potential This year, Raydium has grown by 1500%, compared to Solana's 700% increase. Additionally, there are only 262 million RAYDIUM in circulation, which paves the way for significant price gains. Fibonacci Targets for Raydium Fibonacci 1.6 Target: $34 USD (17x current price) - I am confident we will reach this level. Fibonacci 2.6 Target: $55 USD (27x current price) - I am confident we will reach this level, as this is common for cryptocurrencies. Fibonacci 4.2 Target: $88 USD (44x current price) - Reaching this target is not unusual in the crypto space. Fibonacci 1.6 Target: $286 USD (150x current price) - While ambitious, this kind of growth is also seen in the crypto market. Solana's Potential Currently, Solana is trading at $173 USD. Fibonacci 1.6 Target: $490 USD (2x current price) - I am confident we will reach this level. Fibonacci 2.6 Target: $540 USD (3x current price) - I am confident we will reach this level, as this is common for cryptocurrencies. Fibonacci 4.2 Target: $1150 USD (5.5x current price) - Reaching this target is not unusual in the crypto space. Fibonacci 1.7 Target: $4200 USD (24x current price) - While ambitious, this kind of growth is also seen in the crypto market. Raydium and Solana Correlation Raydium's price often moves in correlation with Solana's price action, but with a typically higher percentage increase. Conclusion: Raydium - A Promising Investment Considering all these factors, a fair price for Raydium seems to be around $50 USD, suggesting it's significantly undervalued. The potential returns for Raydium appear to be even greater than those for Solana. Do Your Own Research (DYOR) Remember, this is just an analysis. It's crucial to conduct your own research before making any investment decisions. However, investing in RAYDIUM could be a wise choice, as a $100 investment could potentially yield a return of at least $1700 USD!
Long
by hkmh
RAY / USDT - Looking for a trend up to $5Raydium swap will grow as Solana grows. I see ray outperforming Solana in the mid to longer term (Weekly). Volume will only increase. In the shorter term (Daily) I'm expecting a continued trend up towards $5 and above. I have left the chart as simple as i could. This is one of my high conviction plays. This is not FA. Only a idea. I'm using smaller time frames to enter. Invalidation would be a brake of trend. If you have liked this chart please boost and leave a follow to be among my first 100 followers here on trading view.
Long
by WifiFugazi
3
RAY/USDT It required break the supply to continue upward!💎 Paradisers, #RAY is indeed showing promising movements that merit close observation. 💎 Currently, RAY is encountering a supply area ranging from 1.88 to 1.97. In the previous attempt to break above this supply zone, RAY experienced a fakeout, and the current price action suggests rejection from this supply area. 💎 Consequently, there's a likelihood that the price will retest the demand zone around 1.66 to generate new momentum for another attempt to break above the supply area. 💎 However, if RAY manages to break above the supply area without a retest, it could signal significant upward movement, potentially leading to the attainment of our target area. 💎 On the flip side, if RAY fails to bounce off the demand area and even breaks below it, the price may continue downward, revisiting the Bullish Order Block (OB) area. Historical data indicates that RAY has consistently bounced when reaching this zone, and a similar scenario might unfold if RAY revisits the OB+. 💎 It's crucial to monitor RAY's price action closely, particularly its ability to hold above key support and resistance levels. A breakdown below the demand zone, confirmed by a daily candle close below it, would suggest bearish momentum, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
1
📈Navigating Market Restlessness: A Deep Dive into Ray Token 💵🔍Since the previous analysis, the market has exhibited a sideways movement, indicating a period of consolidation. Amidst this, the spotlight falls on Ray Token (RAY), a project garnering attention for its innovative approach within the decentralized exchange (DEX) space, operating on the Solana blockchain. 🔄In the 4-hour timeframe, we find ourselves within a range-bound scenario, with the box's ceiling at 1.7863 and the floor at 1.3569. While navigating within this range, short-term and scalp positions are viable options. However, it's essential to remain cautious, particularly on Sundays, as market volatility tends to be subdued due to reduced participation from major traders. Consequently, risk management becomes paramount to mitigate potential losses during erratic market movements. 📉The primary trigger for short positions lies at 1.3569, with the potential activation of a double bottom pattern upon breaching this short-term support. However, given the subdued market conditions, exercising patience until confirmation of a sustained break below this level is advisable. Conversely, long positions should be approached cautiously, with the primary trigger set at 1.7863, considering the significant resistance at 1.8818. Exploring alternative coins exhibiting relative strength against Bitcoin while lacking extensive overhead resistance may present more favorable long opportunities. 📈For RAY token specifically, a critical level to monitor is 2.4575, beyond which a potential bullish momentum could ensue, particularly in higher timeframes such as daily or weekly. Hence, positioning for long trades post-breakout beyond this level could yield favorable results. 📊Volume analysis indicates a diminishing volume within the box, signaling an imminent sharp movement. Therefore, staying vigilant and capitalizing on sharp price movements is advisable to maximize trading opportunities. 💎Regarding RSI triggers, oversold conditions below 42.68 could signal potential short opportunities, while overbought conditions provide favorable entry points for long positions. However, it's crucial to exercise discretion and wait for confirmation from price action, particularly in scenarios where RSI enters oversold territory, indicating a possible trend reversal. 📝In conclusion, despite the market's current state of restlessness, opportunities abound for astute traders. By employing a judicious approach, leveraging critical triggers, and remaining adaptable to evolving market conditions, traders can navigate the intricacies of the market landscape effectively, maximizing profit potential while minimizing risks.
by itsparham96
Alikze »» RAY | Failure of the supply areaIn the weekly time, after a complex correction in the limit of 0.13, after the bottoming, it left the density and broke the first supply zone with a kinetic wave, and completed the supply zone with a three-wave pullback correction, and now it can Continue another kinetic wave to the specified areas. ⚠️If the green box area is lost, the transaction can be reversed. Therefore, be sure to pay attention to this point. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
4
RAY/USDT In the crucial support, need bouncing for back upward!💎 Paradisers, #RAY has recently experienced notable market dynamics. Demonstrating a bounce from the support area, RAY has consistently shown resilience at this level, indicating strong support. 💎 There is potential for the price to continue bouncing as observed in historical patterns and retest the strong resistance area. 💎 However, if #RAY breaks below the support area, this could signal a bearish development. In such a scenario, the price may continue its downward trajectory toward the demand area, ranging between $1.6 to $1.3. 💎 It's crucial for price action to confirm a bounce at the demand area and reclaim the price above the support level. Failure to do so could result in further downward movement for #RAY.
by MyCryptoParadise
RAY looking very bullishRAY .... update if you had a stop loss ( not recommended ) you would have lost -8% if you are also doing the "No Lose / Only Win" method ... then you would want to add to the trade if you did get stopped out ... here is another setup the group will be updated on other charts soon enter at current price Market Cap 587M DeFi / DEX Stop Loss 1.8384 Targets 2.9990 / 3.5854 Raydium ( RAY ) is one of the main DEXs on Solana ( the other is Jupiter JUP ) Not Financial Advice
Long
by TradeIntuition
RAY/USDT assessing key resistance ? 👀 🚀RAY Today Analysis💎Paradisers, your focused attention is warranted as #RAYUSDT exhibits notable action around the crucial resistance level of $1.5001. A breakthrough and sustained momentum above this mark could herald a significant bullish journey towards tackling the next tier of resistance. 💎Navigating #RAY's Momentum: As #RAY vies to uphold its drive from its current support, strategic acumen becomes imperative. We're poised to recalibrate our approach in harmony with the dominant market sentiment. A bullish resurgence is anticipated from the support at $1.2373, emphasizing the necessity for agility and responsiveness in our trading maneuvers. 💎Market Dynamics and Strategy Adjustments: The unpredictability of the market calls for vigilance, especially if #RAY dips below the pivotal support of $1.2373. Such a move would suggest the bears are in control, steering us towards a bearish phase. Such indicators are critical for timely strategic adjustments, signaling a pivotal moment for market reevaluation. 💎Strategic Vigilance and Support: Amidst market volatility, a diligent watch on essential signals and readiness to adapt strategies is essential. Your prowess in modifying your approach in response to shifting market sentiments is invaluable for adeptly navigating the crypto market's uncertainties. Rest assured, the Paradise Team remains at your side, providing guidance and insights to foster informed decision-making in this dynamic trading landscape.
Long
by MyCryptoParadise
2