Long
RAY/USDT
Ray has broken out of a desending triangel.
A desending triangel is a bearish pattern, but in this case ray made a bullish break out.
Ray was looking strong with a double bottom and a smaller double bottom at the end of the triangel, (within the second bottom)
The smaller double bottom got confirmed. this means it broke the triangle, and above the 200ma.
The big double bottom is now in play.
On the daliy chart RAY looks pretty good,
Stochastic RSI has confirmed bullish cross,
MACD is about to cross bullish aswell.
Idea is on chart. i already bought the break out, and now im looking for a retest around 10.250
A desending triangel is a bearish pattern, but in this case ray made a bullish break out.
Ray was looking strong with a double bottom and a smaller double bottom at the end of the triangel, (within the second bottom)
The smaller double bottom got confirmed. this means it broke the triangle, and above the 200ma.
The big double bottom is now in play.
On the daliy chart RAY looks pretty good,
Stochastic RSI has confirmed bullish cross,
MACD is about to cross bullish aswell.
Idea is on chart. i already bought the break out, and now im looking for a retest around 10.250
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.