Ravencoin
Ravencoin - The legendary altcoin setupBear with me but I don't think I need to do much explaining on this as the chart explains itself for the most part. This coin will depend on the success of BTC, since BTC is doing good and trading above the 30 week MA it's a good sign for the altcoins. I included related ideas below. All hell should break loose in RVN and ENJ simply due to the psychology behind the big boomy trends. It appears like these 2 altcoins created a massive impulse wave followed by a stable support and there is a lot of room to play catchup now towards the upside. The MACD gave a buy signal on the weekly and it's trading close to the 30 week MA(Some people like to use the 200 day MA instead of 30 week MA, they're very similar) Don't overthink it, news means nothing on altcoins. The altcoin market WILL continue to go up and RVN will soon be in the top 15.
RVN/BTC 8H (Binance) Ascending triangle pattern in formationRaven Coin is in uptrend and probably going for higher local high, like XLM was.
Keep an eye on that bullish pattern, the idea is to enter on triangle support and Fib. 0.382:
Entry range= 0.00000343 - 0.00000349
Take Profit= 0.00000365 | 0.00000387 | 0.00000418
Stop Loss= 0.00000327
Risk/Reward ratio= 1:1 | 1:2.16 | 1:3.79
Expected Profit= 5.49% | 11.85% | 20.81%
Possible Loss= -5.49%
Leverage= 1x | 3x | 5x
Fib. Retracement= 0.5 | 0.618 | 0.786
Ravencoin breaking resistancereasons to long:
-RVN/BTC has broken local resistance which can also be seen on the daily timeframe.
-RVN/BTC testing resistance as support
-heavy bullish divergence and convergence on the weekly will help fuel this rally
-Bitcoin dominance falling and funds are flowing into alts
- A lot of room to move, we're not even close to the 0.236 retracement
disclaimer: This is not financial advice, please do your own research before opening a position
Hey everyone! if you enjoyed this idea please give it a like and follow for more content to come :)
Thanks for your support!
Ravencoin Challenges EMA50, Prepares To Move AheadRavencoin (RVNBTC) managed to clear EMA50 and is getting ready to go higher... Looking at past history, each time EMA50 is conquered a strong bullish move follows.
Right now RVNBTC is trading above EMA50 and challenging EMA100 (purple line), if the day closes positive above 0.00000309, we are likely to see a very strong green candle next.
Ravencoin Chart Signals
With a strong RSI (61) and a bullish MACD with volume starting to go green, we can expect RVNBTC to move higher.
If prices move lower EMA10 at 0.00000303 is the first support, this is followed by the 0.00000270 - 0.00000285 price range.
Thanks again for your amazing and continued support... It is truly appreciated.
Thanks a lot for reading.
Namaste.
Ravencoin Trade Signal @alanmasters [RVNBTC](114%)Trade: Ravencoin | RVNBTC
BUY: 0.00000315 - 0.00000345
TARGET:
(1) 0.00000395
(2) 0.00000440
(3) 0.00000470
(4) 0.00000510
(5) 0.00000555
(6) 0.00000580
(7) 0.00000625
(8) 0.00000695
PROFITS POTENTIAL: 114%
(Buy calculated at 0.00000325)
STOP: Close weekly below 0.00000280.
-----
Enjoy the trade.
This is not financial advice.
Namaste.
Raven Might Give Huge ProfitHi everybody.
The price of Raven coin is extremely tight on the long-term and medium-term chart.
Raven s strongest support from the bottom is around 270 satoshi.
This is close to the strongest support from the bottom, and the price tightening at the current price gives him a great potential to rise.
With the falling trend breaking through volume, the raven coin can rise comfortably.
2020 could be a nice upswing for the raven coin.
Let's watch what the raven coin does.