RVN looks like its just completed a wave 4 and is ready for another leg up to complete the large degree 3rd.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
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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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
RVNBTC / H1 / Support zone
It is at the level that was Resistance before, now it tries to make this level support
we have to wait bullish candles couse of that we will enter the trade at level of "Buy Stop"
wish you many pips
good luck
Technical analysis:
. 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.
Trading suggestion:
. There...
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.
The chart is pretty self explanatory and I charted this a few days ago and watched it respect the red trend lines and eventually today break the wedge on the same side. I thought I would send this out to all the RVN holders.
It has lost the 636 weekly support and will currently try and come up and first touch on the weekly 613 level and try and hold support...
“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.
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
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