Raven
Okay now Ravencoin have to be strong.Ravencoin now had a stronger correction. I am excited about which way it will continue
Bear Flag on RVN.Hello, traders.
RVN is forming a Bearish Accumulation pattern called as a Bear flag.
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.
The bear flag pattern comes after a strong move downwards. The stronger the move, the bigger the profit potential is.
After we identify the market trend and the characteristics of a good bearish flag pattern we need to wait for confirmation that the trend is about to resume.
There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of bigger profits.
Best regards.
Sando and Gustavo.
Ravencoin [RVN/BTC] on July-08 (#RVN #RVNBTC)RVN is still left behind while most other coins are pumping up. This is a bad sign in an uptrend because there will always be coins that never pump in Altcoin season but only suddenly pump in an unclear trend.
RVN can go up to 230-250sts and even 280sts
However, always be ready for a stoploss below 195sts
$RVN / $BTC: Huge consolidation range, breakout time?Raven.. everyones favourite hype pump coin.
Its been consolidation in this nice range/channel for ages..
Note that
-Huge bull div on weekly (see comments)
-Possible inverse head and shoulders or cup and handle if the handle forms (see comments)
-At the channel/range support
-Broken all diagnol resistances
-RSI could possibly cross the 50 threshold soon
RVN/BTC, BULL DIV, BULLISH CRAB, 70 TO 160% POTENTIALIT'S BEEN MOVING IN A DESCENDING CHANNEL, HAS BROKEN IMMEDIATE RESISTANCE AFTER FORMING A BULLISH CRAB PATTERN AND TAKING THE BULLISH DIVERGENCE. TOP OF THE CHANNEL HAS ABOUT 70% POTENTIAL CURRENTLY BUT THERE IS RESISTANCE ALONG THE WAY. IF WE ARE ABLE TO BREAK ABOVE THE CHANNEL, I EXPECT THE RALLY TO CONTINUE FOR A TOTAL OF ABOUT 160%.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!