I'm going long on $RVN. Fundamentally, it strikes me as a good project. Psychologically, I'm gutted that I missed out on a trade recommendation earlier this year, so want to make something on it before the year is out!
Looking at the 4 hour chart:
The crypto market is currently experiencing a relief rally from the painful bear market smackdown that has defined 2018. Hopefully, bitcoin can run on for a few days and some of these alts can get a bit of breathing space too. However, I'll be looking to close all my alt trades when clear signs of distribution appear on the individual charts (long upper wicks, swelling volume at the top of a trade, corrective jagged price patterns creeping to the upside).
Looking at the 4 hour chart:
- Price is above and looks to have found support on the 13EMA
Clearly defined risk with stop set just below recent swing lows
Upside target of November swing high of 550 sats seems reasonable and offers good R/R
Potential to MOOOOON
The crypto market is currently experiencing a relief rally from the painful bear market smackdown that has defined 2018. Hopefully, bitcoin can run on for a few days and some of these alts can get a bit of breathing space too. However, I'll be looking to close all my alt trades when clear signs of distribution appear on the individual charts (long upper wicks, swelling volume at the top of a trade, corrective jagged price patterns creeping to the upside).