Ravencoin has formed a nice base pattern which resembles a cup and handle formation.
After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out.
Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case.
Our internal bot caught the rally as it has broken higher and after looking at the chart, appears there is more upside potential.
Take profit levels are 0.113, 0.1194, 0.1322, 0.145, 0.1599
Below .098 and the pattern becomes suspect so that can become your risk level.
After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out.
Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case.
Our internal bot caught the rally as it has broken higher and after looking at the chart, appears there is more upside potential.
Take profit levels are 0.113, 0.1194, 0.1322, 0.145, 0.1599
Below .098 and the pattern becomes suspect so that can become your risk level.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Related publications
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.
We are redefining signal groups with AI generated signals. Our bot scans the top 3000 coins/tokens by market capitalization alerting you to the strongest trends.
DM us for more information about the bot and our services.
DM us for more information about the bot and our services.
Related publications
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.