BEEN WITH RVN SINCE DAY 1 (LITERALLY)
See the chart.
I literally have no idea what I am talking about, but enjoy the meme lines and BS TA. Eliot wave started 10/20/18 at 519sats Wave One 10/20/18 at 519sats (+98% in two days) 10/22/18 at 1026sats Wave Two 10/22/18 at 1026sats (-33% in two days) 10/24/18 at 678sats Wave Three 10/24/18 at 678sats (+196% in four days) 10/28/18 at 1328sats Wave Four 10/28/18 at...
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....
entry 690 exit 800 SL 664 --ABC-- just a reference..
RVN has an up trend channel. it looks like bounced from the channel support. Channel support also fib 0.382 level (744). if it goes above 800 it can test the channel resistance again. Stop loss level is the channel support. it is not a trade advice.
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...
A few targets for this nice little sprint we've been on. Take profit. Set stops. Trade your plan.
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
Heavy support at 0.00000400, plus a nice 200 MA supporting it as well. I'd look for entry around 0.0420 on its way up off of a bounce from 400. A quick +55% trade. In and out. Keep it if you want. Just my opinion. Make your own decisions.
If you missed taking profit at the top, you will have to wait a while longer to get back. Expect a retrace over the next week to approx 370 sats.