$BTC $RAY 🚀😎💪👆😎🚀🤑
Complete analysis on RAY/USDT:
General Trend: It is observed that the current trend is bullish, as prices have consistently been making higher highs and higher lows. The moving averages (e.g., EMA 7, EMA 25) are aligned in ascending order, confirming positive momentum.
Technical Indicators:
Moving Averages: The short moving averages (7 and 25 periods) are above the longer moving averages, which supports the bullish trend. Fibonacci: The Fibonacci retracement level shows that the price has surpassed the 0.618 resistance (4.306 USDT) and is in a zone above 4.814 USDT, suggesting a possible advancement towards higher levels, such as 4.857 USDT and beyond.
Volume: The increasing volume in the last green candles is a positive indicator that supports the rise in prices, showing buying interest.
Recommended Action:
Buy: If you are looking for an entry, you might wait for a small pullback to the level of 4.306 USDT (0.618 Fibonacci level) to secure a better buying position. Sell: If you already have an open position, it is wise to watch the higher levels close to 4.857 USDT as a possible profit-taking point.
Message for your Binance Community:
"Attention, Binance community! The RAY/USDT pair is showing a strong bullish trend, breaking key Fibonacci resistances. Currently, the price is above the 0.618 level, indicating a possible push towards the 4.857 USDT zone. The buying volume also supports this rise. A prudent strategy would be to watch for a possible pullback for new entries or manage your profits at the upcoming levels. Remember to manage your risk well and stay alert to market movements!"
Pending so you don't miss out
