Ray’s outlook appears extremely bearish on the daily chart following a major collapse in the past weeks. Testing a five-month low this week, it currently in a consolidation mode as it decides on where to head next. Following a significant breakdown from a head-and-shoulder pattern on the daily chart, Ray witnessed its biggest loss (in late February) since the start of the drop and retraced slightly to $3.1 after a three-day calm. Releasing more pressure from this retracement level last week, the price collapsed again and closed last week’s trading well below the $2 level. Volatility increased this week and
The post RAYDIUM PRICE ANALYSIS & PREDICTION (March 17) – Ray Enters Oversold After Major Crash, Consolidating Next Move appeared first on The Merkle News.
