A play that`s in my mind.
huge bullish pennant, yuuuuuuuge long ravencoin watch out for a "sell the news" dip when main net goes live ~Oct 31st but could just as easily moonshot out of the pennant no ICO, no premine, no bs marketing, good humble bird coin trade this kind of stuff instead of bankster scams like XRP ;)
“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.
Set SL just under the support and wait for breakout.
It's possible that due to the incoming asset layer launch on 31 October 2018 we could see another move higher with RVN, especially if it ends up following a 3 ascending trendline pattern. This could put it somewhere in the vicinity of 1300-1500 sats, possibly in as little as a week from posting this. Disclaimer: not financial advice
RVN's fibs show that a wave to 1370 is indeed possible, but first we need to correct into the yellow zone so we can have a nice wave up. if it falls through, I would wait this one out.
Looks like a fractal and Elliot 5-wave developing. The third wave was a 3x Fibonacci extension from the 1st wave, so I set the 5th wave target at same 3x extension (2300 sats). The fifth wave pump ends just as the Ravencoin asset fork happens.
BEEN WITH RVN SINCE DAY 1 (LITERALLY)
Buy Zone 779-809 Stop Loss 770 only 1% Target 903 if resist cross
BE careful here, do not take a long untill the previous high has been taken out.
TLDR: SHORT now (880~1000 satoshis) until Line1. Buy above Line1 (just in case of great volume, then we can expect a bounce there). If Line1 breaks downwards, sell it and wait for Line2 be touched. Buy above Line2. This analysis is just based on the chart. I don't know anything about RVN fundamentals. As you can see, in just one week RVN had +400% gains....
Just a quick chart to show some of the support areas for RVN. Some thoughts - 530 Sats is the only area that was tested twice - 530 Sats is also at the 68 retracement range - 4 hour MACD has crossed bearish - Daily RSI will be out (14 bars) in a day or two so if it does manage to stay at current levels or moves up from there it will be severely overbought - 4...
I'm new to TA, but have been studying for awhile. What do you think?
Following the Binance announcement made on the 11th of October (twitter.com), that RavenCoin will be added to their listings on the October 12, RVN/BTC uptrend has begun. Price surged from 220 up to the recently established all-time high, reaching 824 satoshi. In 10 days Ravencoin has outperformed the Bitcoin by 333%, which is an amazing growth in a very short...
RVN has had a great uprun last few days after being added to Binance. I've scalped the momentum here a there a bit and it has finally topped (at least for some time). RVN made a higher high while MACD made a lower high showing a bearish divergence, meaning that price is being pushed up by declining momentum and this was an early sign of weakness. I've tried to do...