Technical analysis by ParabolicP about Symbol RARI: Buy recommendation (3/29/2024)

Wyckoff Accumulation Pattern: The weekly chart of Rarible/USD shows a pattern that resembles a Wyckoff accumulation pattern, characterized by a giant inverted head and shoulders. This could indicate long-term accumulation by large investors, including Coinbase which uses Rarible for minting its native NFTs. Theoretical Price Target: Based on the head and shoulders pattern, a potential target could be $14. However, it's important to note that technical analysis is subjective and shouldn't be the sole basis for investment decisions.Trade active:Comment: Back againTrade active:Comment:Comment: Volume has increased by 479%Comment:Trade active: Holding very well compared to other alts. I think we have a winner.