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Rvnbtclong

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
RVN break ascending triangle ?RVN break up dowtrend channel at 320 sats. RVN forms ascending traingle and breaking up. RVN price closed above EMA 21,50,100,200 strong uptrend. Next resistance at 460 sats. RVN current broke horizontal resistance at 400 sats. RVN was farmed support at 360 sats. Current trading range between 400 and 480 sats. RVN testing 1.618 fibs level at 462 sats. Indicators: MACD bullish crossover above zero line. RSI above 50 points. Which is very Bullish sign. Pattern: 1 Break up downtrend channel 2 break up ascending triangle. S/R: Support at 360 sats, Resistance 462. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Long
by blockchaintrends
RVNBTC formed bullish BAT | A good long opportunityPriceline of Ravencoin / Bitcoin has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.00000384 to 0.00000381 Sell between: 0.00000390 to 0.00000400 Regards, Atif Akbar (moon333)
Long
by moon333
RVN looking PRIMED for a PUMP [RVN/BTC]Ravencoin looking ready for a nice move! Falling wedge and horizontal support level is exactly want to see to snag a buy, also a trendline supporting the idea. These opportunities can create 50+% chances- it is important to get in and out for the move, as generally the chart is still in an overall downtrend. To re-cap -Wedge -Support level -Trendline -Fractal Structure If you want to see join our discord for more trade ideas and free scripts... check our signature below!!
Long
by QuantCat
RVNBTC enters the last stage of the correction. What to expect?Hi! RVNBTC has approached the target as shown in my recent post. Now we see a bounce from the support line of the triangle on the monthly chart. Here we are aiming for the upper line of the triangle or the line combining the 0.5 of the height of the triangle and the area where the support and resistance zones are colliding. Patient traders will wait until the monthly candle has closed above and below of the triangle and wait for the low risk entry point, usually at or around the 0.5 of the breakout candlestick or the height of it or one of the three major support and resistance zones of the triangle. From there one switches to the corresponding time-frame, the two day chart and the two hour chart for example, to enter the trade safely. If you would like to learn about different time-frames method please visit George Beaulieu on Youtube. Thanks for reading and have a nice day With patience Heish
Long
by MeruEU
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