RVNBTC trade ideas
RVN/BTCDo you see what I'm seeing ? RVN has just broken the downtrend line and at the time of the post, its retesting the line. On the 4hrs, it also reclaimed 200EMA which is the magical support/resistance level for in trading altcoins.
The volatility of BTC cant even hurt altcoins a bit. I'm feeling bullish on all altcoins right now, and RVN is one of my favorite mid cap coins.
I'm taking a long here.
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Raven, when are u going to fly again? Late May you say?RVN, is one of my favorite pumper coins!
I had done two TA on it, and so far they were close enough to what i have expected the coin to do. Can i get a 3rd strike?
__REVIEW__
Missed the timing, but not the expectation. As you can see in this TA, i was off by a month, it is a lot, but if u were vigilant on the price and the expectation. Things would have turned in your favor.
Unfortunately my position was already a lot smaller when the second wave happened, still it was an epic run!
Hard to imagine that all of this was happening in the last year or so.
__END_
This brings to 2020 JUNE run. Can it repeat itself? This would mean an alt season is starting up in the summer? Given what we know about RVN, and its hype rally, You may want to get some while the price is at 200 sats or so. It won;t stay this cheap for long.
Can we be right about this, not sure, but there is a good chance, that RVN, will surprise us yet again.
Big Shout out to RVN team for making us $$ and getting their tech out there! Invest in teams and technology, don;t chase $$.
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
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Ravencoin RVN - potential double bottom on BTC pairHi,
this is my first Analysis on Tradingview, so forgive me if some parts are missing. I will keep it short and simple.
I've been trading for ~2.5 years now, relying on "waves" and "Indicators" etc.
But I've had the most success in my journey simply trading supports and resistances over the past weeks.
Sometimes the market gives you the opportunity to long a potential double bottom with low risk that can turn into a huge swing position.
RVNBTC is at this point right now. It may not seem like it at first glance because Binance does not provide full price history of Ravencoin (as it was listed on Oct. 12).
Fortunately, another website provides you with the full history of RVNBTC (see the link attached).
Bottom was 191 sats. We already had a decent bounce at 193 sats yesterday.
So everyone on Binance thinks there is a new ATL, when in fact RVN's lowest support is just under that magical 200 sats.
And I bet there were A LOT of stops under 200, selling right into the buy walls of traders that know the full history of RVN.
There was some Hype around the new mining Algo and people that jumped on the hype train got washed out by the latest move.
This entry right now has one of the best R/Rs in my opinion. Also bullish Divergence on Daily RSI supporting a potential LONG.
I am already in a bigger position from 198 sats and have orders split from 197 to 190 sats. Longing this on Binance margin, as I don't want to deal with Bitcoin's volatility.
I will get out of my position as soon as we get a daily close below 189 sats as there is NO support below that region.
Targets are simple:
T1: 275 (obvious)
T2: 325 (weekly resistance)
T3: 400 (weekly resistance and round number, can got to 407 but wouldn't count on it as the 100 numbers (100, 200, 300 etc) provide resistance because they are "easy" numbers and super close to target)
Hope this will age well :)
and if not, then there's always a next one in this market of nearly infinite opportunities!
Manage risk and this thing can do whatever it wants.
RVNBTC now At support Level Will it pump like ZRX..?#RVNBTC Profi update:
Current price of RVNBTC is 219 Satoshi.
and
#RVN is Now again drop at my entry Level.
and my entry was 220 Satoshi as I told you in our last post this is GEM. and its Pumped upto 20% and I also told you that time Short term trader you can take profit. if any drop dont regret,
so
Still I am waiting for big move.
I will buy more if more dip.
180 Satoshi is strong support for RVNBTC.
I can expect we can easily see 340 Satoshi within few days.
but if breakout 350 Satoshi I would be Strongly bullish on RVNBTC.
hope you enjoyed and still I AM very Bullish on #Ravencoin .
S: 200/180 Sat ( 180 Satoshi is Last support bellow this level I will bearish.)
R: 268/339/415/800 Sat
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