still waiting for one more touch of the bottom of the triangle to complete the E, then i expect a brake out and hit of my target.
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. RAVENCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
The wedge growing over the past month needs to be broken to allow RVN to move upward again to previous resistance. Heavy distribution needs to be exhausted on a local level before accumulation can allow the bulls to take over.
“Deep into that darkness peering, long I stood there, wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before.”
Blue lines are levels that bids are set to rebuy some RVN here. Bullish on this one long term and it has seen some great new momentum recently, run is not finished in my opinion.