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RAYUSDT trade ideas

RAY (Raydium) Token Analysis 25/03/2022Fundamental Analysis: 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 AlphaRay leads overall strategy, operations, product direction and business development for Raydium. With a background in algorithmic trading in commodities, Alpha transitioned to market making and liquidity providing for cryptocurrency in 2017 and hasn't looked back. After diving into DeFi in the summer of 2020, Alpha saw a market need for an order book AMM to aggregate liquidity, and with the release of Serum, pulled together a team of experienced trading developers to tackle the problem head on. XRay is Raydium's Chief of Technology and Dev Team leader. X has 8 years of experience as a trading and low latency systems architect for both traditional and crypto markets. X designs all of Raydium’s systems and infrastructure as needed. GammaRay heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a large part of his career at a leading data analytics and market research firm, working on both client engagements and corporate marketing. Prior to Raydium, Gamma's focus within cryptocurrency has been technical analysis and discretionary trading. Raydium launched its main net on February 21st, 2021 with 555,000,000 tokens created at genesis. 34% of all tokens will be released as liquidity mining incentives over a 3-year period. 30% of tokens are earmarked for partnerships and the expansion of the Raydium ecosystem. This includes giving grants to projects building projects around Raydium or helping our communities in general. These tokens are generally locked for 1 year and unlock linearly for the next 2 years. The current CoinMarketCap ranking is #179, with a live market cap of $288,449,758 USD. It has a circulating supply of 92,510,164 RAY coins and a max. supply of 555,000,000 RAY coins. we can simply see a huge volume is coming to the Altcoin Market cap and at the same time a huge collapse on the Bitcoin Dominance which is a very powerful sign of Bullish trend on the DeFi and Altcoin Environment and can interpreted as the start of an Alt Season... Technical Analysis: We used Fibonacci Retracement Tool from 0 to ATH and defined the Pivot Levels. The Price has Fallen below 85% of its All Time High and it has nearly Touched 90%, as it is bellow 78.6% of Fibonacci Retracement level, i.e. it is undervalued and seems very discounted for us to Invest in it. We can clearly see Bullish Divergence is Appearing with MACD which is a very good sign of Bearish Trend reversal and start of its New Cycle where it can cross its ATH soon. There are total of 3 Targets defined with Fibonacci Trend Based Extension Tool to define the Upcoming Cycle and the Targets to Unload Partially if required any. 3 TP gets its Confirmation as the Price Touches the 2 TP followed by some correction and Reaccumulation for the 3 TP. 90% (1.75$) and 95% (0.85$) of the Fibonacci Retracement Levels can be considered as the Support Areas.
Long
by BitonGroup
2
RAYUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. There is the S1 line which was previously the resistance line. There are the R1 and R2 resistance zones. There are 2 scenarios. One is that it will make a pullback to the S1 line which would be a good place to buy and then it would go up to R1. Or it will move to R1 straight from here and after a correction, to the R2 zone. All of these scenarios depend on the price breaking the R1 line. If it goes below the S1 line, there would be more falling. You can buy it in 2 areas: half of it here and the other half at the S1 line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
Raydium ;An avenue for DEFI evolution(RAY/USDT Analysis) 📈📉❇️Hello Crypto community Welcome for introduction of another crypto project. 🔹Rank #172 SOLANA token / Market Cap:$315,813,652 Circulating Supply: 82,395,803.61 RAY------------------- 15% / Max Supply 555,000,000---------------------- 📛risky❌ 🔹Holders Statistics: Top 10 Holders 98.88% ------------------ 📛risky❌ 🔰WHAT'S Raydium( RAY) ? 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. RAY is the native utility token used for: 🏷️Staking to earn protocol fees 🏷️Staking to receive IDO allocations 🏷️Governance votes on protocol decisions coinmarketcap-raydium.io ------------------------------------------------------------------------ 📈📉 TECHNICAL As you can see on the DAILY timeframe for RAY/USDT , It is trading about $3.85 right now. As you can see, RAY dropped by more than 80 % by downfall of bitcoin at the same time, a recently reached to its support and demand range area , so now I expect a little correction and rise at least to pivot range box , But in order to have a bullish scenario it as always depend to whole condition of crypto market and BTC situation. thus we need consider all possible trend ,either up or down or even range , but in order to have bullish rally it needs to overcome the pivot zone then its descending trend line and resistances. but if the market trend became bearish again it can go down even below its support area . 🛑resistance level: $7.34 -$8//$10.25-$11 🆚pivot zone: $5.25-5.85$ ❇️support levels: $3.15- $3.80/// 2.70 $/// 2.40$ -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
by PRO_SMART_Trader