looking to trade these new alts more effectively... just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts coin was added to bittrex on 10/24 1400 coins at .0429 or $60.12 not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better...
This is an incredibly educational trade! It will either break above .786 fib level for the beginning of a third wave or the second wave will correct down to .618 or lower.! So far oscillators and on balance volume are holding up! Keep an eyes on those supports and resistances (.618 fib retrace level for support, .786 fib level for resistance)). As always....be...
Despite all of the FUD chatter saying that $RVN would suffer a massive sell off upon the release of the tokenized asset feature of MainNet this coin is being incredibly resilient. I believe it is still conforming to the TRiple Combo Elliot Wave Pattern. I have made some minor adjustments to my original chart in order to state my case. I would really appreciate...
In case my previous chart may be off by a little bit on that Triangle ABCDE Wave. This is an alternative Triangle ABCDE wave count at the end of the triple combo.
A play that`s in my mind.
Based on Elliott waves theory, there is still one more leg up for RVN (Ravencoin) Target: ~1200-1500
BEEN WITH RVN SINCE DAY 1 (LITERALLY)
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....
I'm new to TA, but have been studying for awhile. What do you think?