Raven is an alt that will assist in tokenizing assets. Based on this value proposition, RVNBTC is worth a look.
If RVNBTC can hold support on its 21-day moving average near 316, Rvnbtc might be something you try for a long trade. However, if RVNBTC fails and falls below the 21-day, it will be a repeat of two other instances of the bear market (arrows). In those cases, a false breakout above the 21-day moving average created a sharp drop lower.
Bottom Line: To get bullish, we need to see RVNBTC bounce off the 21-day moving average. From a chart perspective, this alt is worth keeping an eye on.
If RVNBTC can hold support on its 21-day moving average near 316, Rvnbtc might be something you try for a long trade. However, if RVNBTC fails and falls below the 21-day, it will be a repeat of two other instances of the bear market (arrows). In those cases, a false breakout above the 21-day moving average created a sharp drop lower.
Bottom Line: To get bullish, we need to see RVNBTC bounce off the 21-day moving average. From a chart perspective, this alt is worth keeping an eye on.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.