Rvn
🔥 RVN Horizontal Channel ReversalRVN has been seeing consolidation since its amazing run up in March. With the most recent BTC dump, RVN found support around the $0.12 area. When connecting the highs and lows, a clear horizontal channel is visible.
This trade assumes that RVN will follow the horizontal channel in the short-term, potentially breaking out of it in the future.
Happy trading!
$RVN/BTC 8h (Binance Spot) Falling wedge breakout and retestRavencoin broke bullish and looks ready for continuation upwards after that pull-back.
Current Price= 0.00000335
Buy Entry= 0.00000334 - 0.00000310
Take Profit= 0.00000394 | 0.00000447 | 0.00000259
Stop Loss= 0.00000274
Risk/Reward= 1:1.5 | 1:3.06 | 1:5.73
Expected Profit= +22.36% | +45.65% | +85.40%
Possible Loss= -14.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Time To Feed The Ravens AgainRaven is giving a nice buy signal. MacD cross on the daily, Heikin-Ashi turning green, breakout and retest of the 2 month long pennant it was consolidating inside of. Target near $0.49
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Raven coinIt's a busy chart but........ May be complete ABC correction finished but waiting for confirmation as the completion of ABCDE may be in order! upper targets and next big accumulation corrective zone should be live targets!
🔥 RVN Potential Triangle Break OutAfter seeing amazing returns in February, RVN has consolidating for almost two months, of which a month in the current triangle. Big gains were made by other cryptos, but not by RVN. Since cryptos see gains in waves, I'm assuming that soon it will be Raven's time to shine.
On the chart I've drawn a triangle, classically a bearish triangle. However, in the last couple of months we've seen virtually every bearish triangle develop into a bullish trend. So I'm assuming no different for RVN this time.
In order to trade this, wait patiently for a strong break out.
Happy trading!
Ravencoin price action RVNUSDTAlmost 2 months ago, ravencoin achieved ATH at a price of $ 0.29. This was followed by a large correction of 60% to a price of $ 0.12. The correction stopped at 0.786 Fibonacci retricement level and then accumulation occurred and a triangle was formed. We are at a time when we can expect the resulting triangle to be broken. Taking into account other indicators (RSI is at a normal level) and that we are in a bull market, I expect a price increase.
The Big RVN TriangleThis consolidation has been looooooooooooooooooong. Big papa triangle say RVN moons in the next few weeks