AlanSantana

Ravencoin (RVN) Breaking Downtrend After New Low

Long
AlanSantana Updated   
BINANCE:RVNBTC   Ravencoin / Bitcoin
RVNBTC (Ravencoin) has been going down forever, literally.

A new all-time low was hit 2-Jan. and finally, we are seeing some positive signals.

  • The RSI was completely oversold and is now coming up strong.
  • Prices are moving above EMA10.
  • Green/Bull volume is finally starting to show up.
  • The MACD is also starting to turn.

These are early signals as the daily candle is yet to close, but a close above 0.00000046 (EMA10) will signal strength for Ravencoin.

I've mapped some targets for you directly on the chart.

This is a low-risk setup with our strategy.
It also has huge bullish potential.

Thanks for reading.

Namaste.
Comment:
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