Rvn
RVN Ready for a push up to 350 sats.RVN has been forming bearish structures in the short term. Now that it fell back to accumulation zone and retested two times for a perfect double bottom the top of previoous accumulation and brokeout of short term downtrend, it's ready to start another push upwards to higher short term targets. Enjoy!
RVN on SupportRVN on Support - This trade drove home the importance of getting a GREAT entry vs an immediate fill. When I first looked at this, price was sitting @ 300 sats but I saw near-term support on the 4hr extended down to .000002960. I decided "I need a clean entry more than I need a quick one!" This morning when I woke up I was in @ 2960! With the market a little unsure of its direction this was a good perspective and now I am long from a safe start. This will greatly improve the safety and profitability of this trade. Happy trading! Stop Loss @.00000280
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0251 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0251)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0251 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0251)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
Possible Long on RVN/BTCRavencoin is currently in "accumulation zone" and bouncing between support and resistance. We are waiting for a potential pump as has happened before when it broke the resistance. Buying on support at around 280 would be a riskier trade since the pattern looks like a descending triangle, but we will buy if it breaks the resistance above.