Raydium (RAY) - Bullish divergence

On the above 2-day chart price action has corrected a brutal 96% since the sell signal back in September. A number of reasons now exist to be bullish, including:

1) A ‘incredible buy’ signal.

2) RSI resistance breakout.

3) Regular bullish divergence. 6 oscillators are currently printing positive divergence with price action over a 30 day period. Fantastic.

4) Nudge nudge wink wink, this one is on the ‘what if’ list.

If only every alt-token chart looked as bullish as this, but it is simply not the situation. If the support is there, I’ll publish them as I find them.

Is it possible price action falls further? Fur sure.

Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 2 to 4 months
Return: no idea but give special attention to the $4.60 area

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ความคิดเห็น:

'what if' conditions met

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5-day chart below. One of the most bullish charts out there at the moment.

Do you recognise the candle I've written 'wow' next to following the IB signal?