SuperRare (RARE) - 100x opportunity

On the above 1-day chart price action has corrected 90%+ since October last. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal prints.

2) Price action and RSI resistance breakouts.

3) Volume . I don’t know why, there’s a lot of accumulation on various exchanges for this token over the last month. Someone knows something I don’t.

4) Everything that was said above also applies for the BTC pair (see 1-day chart below).

5) This is a ‘what if’ list token and already has met the required conditions. See 2-day BTC pair below. Double ‘IB’ signals!

Is it possible price action falls further? Sure.

Is it probable? No.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 4 to 9 months
Return: 100x


1-day btc chart

2-day BTC pair ‘what if’

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One of the very few alt-tokens at the moment with the BTC pair printing support on the 200-day MA.

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"Italian high-end luxury brand Gucci is venturing further into Web3.

The Florence-based company is buying into its first decentralized autonomous organization (DAO) via a new partnership with non-fungible token (NFT) marketplace, SuperRare.

With its buy-in, Gucci is launching the “Vault Art Space,” an exhibition that will include a selection of NFT artworks by 29 artists."

www.coindesk.com/bus...t-digital-art-vault/

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The weekly chart is suggesting a 30% drop could occur if that reversal candle confirms. An additional accumulation opportunity may exist around the 20 cent mark. Not certain, just a possibility.

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30% drop / 20 cent target achieved. Now safe to open long positions again.

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A ‘incredible buy’ signal prints on the BTC pair as a reversal pattern prints on the daily chart.

Don’t know what a reversal pattern is? Read this idea:

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IB signal prints on the daily chart (most alt tokens should be... )

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The near term correction for this token is now over.

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Do you see? Or am I alone?

3-day chart

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Did you see?

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an opportunity

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First ever weekly buy signal on this one. Don't FOMO. A pull back should occur, maybe.

Remember this is a 100x idea, it will take some months, use those opportunities to increase you position size on the way up if you're using the tools.

1-week chart

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Now is the moment following the pullback mentioned above. That is why we don't chase, we're patient and wait for the opportunity.

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Support confirmed

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GRM support confirmed.

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Daily chart. Do you know what this candle is?

RAD/USD

RARE/USD

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A move to 17 cent area is the first resistance.

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Score moves above 20 for the first time in months. A positive move in price action should be in the post if my scoring is to mean anything.

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When I say 'This would be an excellent moment', it is not hyperbole.

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Past resistance confirms support.

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Last update "Past resistance confirms support"

Support and resistance, TA 101, so powerful.

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On support

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Past resistance confirms support.

weekly

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I doubt the market offers that 50% flush out again. Notice the hidden bullish divergence on the weekly?