RVNUSDT
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.
RVNUSDT (RAVENCOIN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- RVNUSDT is printing a falling wedge (FW) pattern.
- A falling wedge pattern is a reversal pattern.
- A bullish pattern to be precise.
- RSI is printing a bullish divergence signal (BDS).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.