Crypto Contest February 2: Raydium
Raydium (Binance: RAYUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))
Elliott Wave Analysis
In Elliott Wave terms, RAY began a red wave one advance on October 19, 2023. The red wave one peaked on November 11, 2023 and the red wave two correction ended on November 22, 2023. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2023 and the red wave four (blue sub-waves a-b-c) correction ended on January 12 this year. If this wave count is correct, RAY should be heading next towards the December 24, 2023 peak in the red wave five.
(Chart courtesy of Tradingview.com(log scale))
Funnymentals
Raydium is an on-chain order book AMM powering the evolution of DeFi. InvestAnswers reviewed the project one week ago.
(Sources: https://raydium.io/)
How Will Raydium Trade?
Raydium (Binance: RAYUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))
Prizes
I will be giving upvotes to the correct answers (posts only).
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below
RAY will takeout the December 24 peak
RAY will drop below the December 18 low
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Posted Using InLeo Alpha
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/nftfrappe/@monsterbuster/nftfrappe-wann-gibt-es-endlich-neue-nfts-when-will-the-next-nfts-finally-be-available
RAY will takeout the December 24 peak
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-191258/@blitzzzz/woo-t-is-that-hiding
RAY will takeout the December 24 peak
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-140084/@yeckingo1/beppu-the-spa-town
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct.
RAY will drop below the December 18 low
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct.
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-150329/@jorgebgt/more-kuiper-belt-enigmas-revealed
RAY will takeout the December 24 peak
RAY will takeout the December 24 peak
RAY will takeout the December 24 peak
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
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View or trade
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View or trade
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RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-13323/@jfang003/splinterlands-social-media-challenge-dhampir-infiltrator-helped-me-beat-a-maxed-level-deck
RAY will drop below the December 18 low
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-193552/@fredkese/actifit-fredkese-20240308t074951454z
Thank you
You are welcome.
RAY will takeout the December 24 peak
RAY will takeout the December 24 peak
RAY will stay in a trading range between the December 18 low and the December 24 peak until March 9
Correct. Upvoted your post:
https://hive.blog/hive-193552/@trincowski-pt/actifit-trincowski-pt-20240308t233035137z
RAY will takeout the December 24 peak