Get started

Rvnbinance

RVN/BTC (Strong Downtrend) 💎Technical Analysis Summary💎 BINANCE: RVNBTC -Ravencoin is on a strong downtrend movement for the past months -At the moment, the price has reached the 1.618 Fib reverse support -It might be a good buy zone for long term investors -But for traders who are just looking for a swing position -They wait for proper confirmation or Bullish signs A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
9
RVN/BTC TA Update (new accumulation phase?)RVN/BTC RVN broke yearly long key support area at 270 sat level with this, a new market structure is going to be re-established. The bullish side here is RVN is going to respect this huge descending channel which by technical should break to the upside in the future. It is a long way to go as the market is full of fear and blood in the street. But this is a good chance for long term investors to start looking for high quality and high reward altcoins.
Long
by PolarHusk
RVN/BTC TA Update (Market Structure Broken?)RVN/BTC RVN broke a key support area at 292 sats which invalidated the current market structure. By breaking key support levels especially if the area of confluence that acted as strong support for many months. This signal a strong bearish momentum resulting in another market structure to be developed again for the next 1-2 months. The RSI hasn't reached oversold levels yet, we may still see further selling pressure down to 260 sats area. Do not try to catch the bottom, most often the price will go down further if they are no buyers present at key levels.
Short
by PolarHusk