Like most crypto currency Bitcoin's price movements are a massive component of what has been driving the Ravencoin price. However Ravencoin has shown instances and some periods when it chooses to do its own thing. Considering the massive rise from the 300sats range to the 1500sats range and no high volume house hold name using the network, this will be in the...
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.
current price based on last ath break in april and some fractals gave me a top of 1050 ish and a pull back of 800 ish on the way to 1800 sats.. it could overshoot into 2ks and then follow an abc retest while adoption takes place for assets.. if the current retrace plays out then this price should form a strong resistance after ABC at 1k ish