RVN making a move - Could be a lucrative long here

RVN has been on a downtrend for over 2 weeks and has broken the resistance on 2hr and LTF. The trend change means this long could be quite lucrative as RVN held the support despite the RavenCoin attack news recently as the Developers have been quick in acknowledging the vulnerability and reacting quickly to the event. Ravencoin has a strong community and despite the recent news, the Technicals and the trend looks in favor of Bulls.

The 2 hr chart shows Trade Entries with Targets achieved so far and ones that have not been hit (Chart uses Plug and Trade to generate entries based on TrendRider - both Premium scripts). If this trend continues, the next targets open up bigger ranges for longs and hence the reward is pretty high here compared to the risk.


Recommended Stop Loss - 0.017-0.019 - based on personal risk strategy and timeframe traded


As with any trade, Do Your On Research as crypto currency trading has its risks as the market is quite volatile and is dependent on BTC moves.

Comment:

Beauty of a move.

Trade active:

Took 50% profits + SL moved above entry and in Gains

Trade closed manually