RAYUSDT - LONG TERM

2022年1月16日

We can see a falling wedge that has turned into an ascending triangle in the daily chart. If the key level around 5.50 USD is broken, we could see a breakout in the long term to around 11.30 USD which is an important level of resistance, but first there are levels around 8.00 USD and 10.00 USD that need to be broken.

2022年1月17日

註釋

IMPORTANT UPDATE! - the ascending triangle has been broken down! The plan is now invalidated!.

From here I would watch from a consolidation range between 4.9 USD and 5.50 USD, keeping an eye on new possible patterns.

2022年2月9日

註釋

LAST UPDATE - after BTC dragged the whole market down, RAY broke the 4.9 USD level and dropped to the 3.15 USD level, completely invalidating my initial idea!

I currently don't see good ideas for the near term. For the long term, DCA is the best strategy.