The fourth Bitcoin halving has now entered history. Despite the downturns and consolidations, after seven consecutive months of green candles, bitcoin indeed needs sufficient relief to prepare for a higher thrust!
Let’s go back and take a look at
@RACA_3
😋
We've been battling around this previously emphasized yellow support line for many weeks, and the anticipated strong rebound has finally arrived🔥🔥
The six white arrows mark the rebound points corresponding to the Stoch RSI turning points. Ready to take off again?
@RACA_3
🚀🚀
If you still think that the price of
@RACA_3
is just a rebound, you should take a serious look at the 🔥WEEEEKLY RSI🔥 indicator below, and then compare it to the bear markets of the past two years! Does it make more sense now?
Bear market is tough, time to reverse!!
🚀🚀🚀
Did I see history starts to repeat? Man lies, woman lies, charts don’t lie! Indicators are telling you the truth.
The Weekly RSI of
@RACA_3
is above 80 and super bullish. Momentum is on our side!
🔥🔥🔥
#LFG
My last post now makes sense right? 😉
I have previously discussed in detail (linked below) why this is the most important bull-bear line for RACA! Confirming the support after each pump is the best rhythm for steady climbing higher. Selling close to the bottom is the least wise move!
1. Key support and resistance levels
Since
#RACA
started in 2021, everything has happened quickly. Due to the market structure not lingering much on higher timeframes, most cryptos tend to retest the bull market origin before the long bear market.
RACA’s weekly closings for the past two weeks have been awesome. The candle of the previous week closed above the crucial bull market support line, and last week's candle also closed above this support line. It is impressive to get consistent weekly support at the crucial level.
Thanks for all the likes and follows! I've been a long-term holder of
@RACA_3
and have never sold. Hoping
#RACA
will bounce back to its glory days after weathering through the deep/tough bear market!
I'll be breaking down my analysis in several parts. Okay, let’s go!
Hey, hope you all
@RACA_3
holders are not panic during this Bitcoin dip. I know altcoins got hammered pretty bad,
#RACA
is also down significantly. But if you take a look at the famous Layer2
#ARB
chart with RACA together starting from Sep. 2023, we are still performing okay.
Hope you all enjoy yesterday’s post about
@RACA_3
most important bull & bear market boundary! Guess you can’t wait for the 2nd part? 😉Let me shut up and begin the post! 🚀🚀🚀
#HOLD
#RACA
#LFG
3.Re-testing the major support
Alright, back to
@RACA
. Today, I'll discuss part 3, focusing on the crucial support levels for backtesting! For those who haven't seen parts 1 and 2, I recommend checking out the posts from the past two weeks.
#USP
, the first public university in Brazil to have a student designed virtual presence in the
@USMverse
. 🚀
This move opens up new avenues for research and user interaction, and the growth potential within
@RACA_3
ecosystem.
#Metaverse
#Web3
#RACA
#USM
📢 Turkey 🇹🇷 Government 🏛 announced it is actively looking into the Metaverse.
At the same time, the MOST widely-distributed and famous local press & newspapers 📰 in Turkey are highlighting all great things about
#RACA
@USMverse
#Metaverse
#NFT
🤔👇
#Turkish
#Turkish
@USMchain
EXCLUSIVE: Market maker and active crypto investor has invested $16 million in
@RACA_3
, which included a $RACA token purchase, to support its Web3 gaming ecosystem expansion.
@BrandyBetz
reports
What a massive turnout at the Blockchain University of Nigeria, Nsukka!
A first of it's kind event in any Nigerian University to incubate ideas, educate students on blockchain tech and explore real world use cases.
RACA is helping inspire the thought leaders of tomorrow…🧑🎓
📢 We are thrilled to announce that we have partnered with
@radiocacaNFT
to build the
@USMverse
together!🎉
We will work hard to build our lovely campus in the USM metaverse🌱
Don't forget to open your notifications for contests, exhibitions, games, workshops and much more 👀🔔
🥳Another great partner and one of the best universities in
#TURKEY
is joining
#RACA
community🥳
We
@radiocacatr
are doing great despite the market volatility.
UP ONLY! 🚀🚀 (in terms of buidling and engaging the world 😂)
#Metaverse
The iToken Wallet HQ is up in the
@RACA_3
metaverse❗️
10 footballs⚽️ are released every hour in
@USMverse
.
Come and explore our gallery to hunt for them.
Points and prizes to be won.🎁
📲Download iToken
👉🏻In “Discover”, enter
I am feeling so emotional after seeing super supportive
@RACA_3
communities around the world!
@USMverse
@JAZ_DID
We will become much stronger after this bear market! 🚀🚀
We are pleased to announce a new partnership with
@RadioCacaNFT
to build a vibrant and diverse network for Web3.0 natives in USM
@USMverse
. This is a great opportunity to engage and showcase the talents of the students at
@Princeton
.
We are excited to announce that the new feature will go live on June 30, 11 PM PDT (July 1, 6 AM UTC)! You will be able to claim your Season 1 IO tokens:
1. 4090 Pack for RACA-fellers: 25 $IO per winning spot
2. 4090 Pack For Everyone: 250 $IO per spot
3.
@DrWatney
Mining
The Moment3! holder’s utility is coming. With our strategic partner
@RACA_3
brings our holders with the use of
@USMverse
building together. The Moment3! skyscraper will be located inside the MPB Musk State, and will open for holders this Autumn. Holders can use it as a personal
Part 3 is coming, stay tuned!
If you want to purchase
#RACA
, please
#DYOR
, this post has no financial advice. Everything is purely based on TA analysis for members of the
#RACA
community who have held together through the past bear market! 🙂
1. Key support and resistance levels
Since
#RACA
started in 2021, everything has happened quickly. Due to the market structure not lingering much on higher timeframes, most cryptos tend to retest the bull market origin before the long bear market.
@raca
This will establish a new large-scale weekly inverse head and shoulders pattern, priming us for a breakthrough of L2. 😎
That's all for today's discussion. If you enjoy my analysis, please give a like and follow me!
@RACA
holders, stay strong! 🫡
These TA graphics are done yesterday, but you all witnessed today’s
#RACA
price action. We bounce back significantly from L1! This is the beauty of macro TA analysis. Although I can’t predict how high we will pump. I hope to give confidence to all
#RACA
holders to stay strong!
📢Breaking:
USP partners Join
#USM
and will be the first Brazilian public university in the metaverse 🇧🇷🪐🚀
USP fecha parceria com a Radio Caca e será a primeira universidade pública brasileira no metaverso via
@BrCointelegraph
@BNBCHAIN
#BNBChain
However, this time in 2024, we have truly broken through. In addition to the weekly RSI breakout I mentioned in my previous posts, RACA has completed a significant structural breakthrough after the bear market.
Thrilled to announce our partnership with
@RACA_3
🎉
@RACA_3
is a Crypto ‘dApp Store’ for AI Apps and Games, initiated by the 'Elon Musk’s Mother & Koda NFT' community!
This collaboration will bring forth new ideas and directions for more innovation and development within the
👉A special thank you to
@RACA_3
and
@USMverse
for hosting our 2nd anniversary concert!
Incredible event,the floor was on 🔥
🤝🏻Thank you for the discount on the venue rental! Hope our👩🏼🎤🧑🏼🎤 didn't do to much property damage so we get our security deposit back.😂🤣
$XVS
#DeFi
We are delighted to be invited as a member of AKIBA WEB3.0 to participate in this Akihabara Cultural Festival event.
AKIBA WEB3.0の一員として、この秋葉原文化祭のイベントに参加できることを大変嬉しく思っています。
#RACA
#秋葉原文化祭
The white line in the chart represents the
#RACA
bull-bear boundary. We can see clearly that point 1 is the retracement support before our takeoff, and point 2 is the support where we bounced slightly before plunging into a deep bear market.
$IO completed TGE in June and currently has only 11.8% in circulation. It is in the hottest
#AI
and
#GPU
sectors. I wouldn’t be surprised if it goes 10x in this bull market.😎
We are excited to announce that the new feature will go live on June 30, 11 PM PDT (July 1, 6 AM UTC)! You will be able to claim your Season 1 IO tokens:
1. 4090 Pack for RACA-fellers: 25 $IO per winning spot
2. 4090 Pack For Everyone: 250 $IO per spot
3.
@DrWatney
Mining
🎉 Our social game
#LLJ
Alpha version will be open for testing next week!
💰
@MPB_USM
/
@LookiAvatar
holders can join directly, snapshots on Mar 27th 6AM UTC.
👉 If not a holder, still have a chance to join! Fill out the form below, we'll select lucky users
2. Key market structure in the past 2 years
This is a textbook weekly inverse head and shoulders bottom pattern, with the white line representing the neckline. Most cryptocurrencies that have survived the bear market and begun to recover completed this bullish macro structure.
I believe everyone must be worrying the BTC correction, but I want to emphasize we are still in early to mid-stage of a bull market. We need to shift away from bearish thinking because bull market is not smooth sailing, appropriate corrections are necessary to propel us higher!
📢We are excited to announce our first launch in the
#Metaverse
!! 📢
We teamed up with
@RadioCacaNFT
to help create a virtual world on
@BNBCHAIN
.
Excited to
#buidl
in partnership with other universities across the globe!
L2 is the next significant resistance level, which also served as the resistance that caused us to fall into a deep bear market after the rebound at point 2 in the picture from yesterday’s post.
Although we temporarily broke through L2 during this recent big surge, it's ultimately not sustainable. We still need to respect the market structure. Therefore, after briefly piercing through L2, we fell back to L1, where we found the most crucial support!
#RACA
is retesting the previous high to confirm this most important support. However,
#ARB
is almost back to its bear market starting point. Relax and enjoy time with friends and family.
The Maye Musk NFT community and
@bsf_ai
are launching a Kickstarter-style crowdfunding (fundraising) campaign.
Donate some $RACA to gain whitelisting privileges for a free mint of a Genesis Mystery Box (GMB) on the
@BNBCHAIN
. The method to participate and donate is through the
We are delighted to announce
@BchainUNILORIN
's launch of the Virtual Space in of
@RACA_3
. 🤭🤭
This is a step forward for our community's engagement and collaborative projects.👌
We are pleased about the proclamation that we have collaborated with
@RadioCacaNFT
to build the
@USMverse
with our team! We will do whatever it takes to recreate our campus in the best way for our Bilkenters in metaverse.
@raca
Confirming the L1 strong support while preparing for another successful break above L2 is the key! Assuming no black swan event occurs, we will likely oscillate within the range of L1 and L2, forming a new right shoulder.
@raca
L1 has transitioned from a resistance in the bear market to a strong support in the early stages of our bull market. After breaking through L1 and briefly piercing through L2, we are currently experiencing a very healthy correction.