RVNBTC trade ideas
SoT 2.0 Chartoff May, Week 1RVNBTC is bouncing inside the following wedge. We expect seeing RVN pumping back to the top of the wedge, near the next 1H tested resistance.
Additional targets are offered below.
Rules:
Entry: 870
Target #1 : 943 (8.36%)
Target #2: 1007 (15.86%)
Target #2: 1033 (18.80%)
Stop: 855 (1.6%)
RVN/BTC Ready For A MoveHello Friends,
Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
RVN/BTC Moon? Elliot Wave #3 Begins.Hello Friends,
Just like the title says, we have possibly begun wave #3 within this weekly elliot wave cycle.
There are some interesting points to make here about the indicator and oscillator on the weekly chart. I haven't included the RSI but have noted that the RSI is in the neutral zone. As seen on this chart we have a strong bullish divergence between the CMF and OBV. Wave #2 has retraced to exactly to the 0.0168 fibonacci level and began to make progress upward. The other interesting point is that the fib bounce is in concert with the 20 EMA. So the 20 EMA is acting as support for right now. Take note that the current Japanese Candle is showing a bullish hammer candle within the buy zone of the recent retracement on this chart. Elliot wave #2 has also created a descending price channel which is also bullish.
I have supplied the support along with the stop loss if anybody is interested in this trade. In addition to that I have giving a forecast of where RVN might go within the acceptable fib levels. Wave 3 may only make it to fib 1.618 which will affect wave 4 and 5; keep that in mind, and watch carefully as we approach this level.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button . Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
RVN/BTC Re & Re Wave #3Hello Friends,
Slight adjustments were made to this chart that I had previously published. However the point remains the same and thus nothing changes but a few minor adjustments were made as explained below.
I noticed after the fact that I was missing the first wave correction fib. Also noticed that my fibs moved slightly, must of bumped clicked and they moved slightly (not much to make a difference) but however here is the correction to that.
Take note the red 843 sats mark on the scale to the right was the 20 MA at the time of my last publication. The 834 sats is the green support stop loss where RVN bounced along "within" the bounce zone of the 0.618 fib retrace. This is just to be clear for those who like to be critical and can't see the forest for the trees.
Cheers!
RVN/BTC - A new trend has already started and its in full effectRaven-coin is very interesting in the sense that it has already broken out of the bear market. it has avoided the pulldown of BTC unlike most other coins. I see this as being almost done with wave 3 already and if so we have one last white eave up, then a mandatory correction which I have shown as wave 4 BLUE.
this is an amazing sight to see! i will be paying close attention to this and so far, its proved itself very well.
I hope this analysis helps :)
RVNBTC - The Skyhighatrict's HangoverLike most crypto currency Bitcoin's price movements are a massive component of what has been driving the Ravencoin price. However Ravencoin has shown instances and some periods when it chooses to do its own thing. Considering the massive rise from the 300sats range to the 1500sats range and no high volume house hold name using the network, this will be in the hands of niche crypto traders until that reality comes to fruition.
Over the coming months I am predicting that RVN will re visit levels of 600sats - 1000sats with some lower lows of sub 600sats regardless of GBP price. Anything in the buy zone (indicated on chart) is a massive opportunity to become a bigger bag holder for long term capital gains. I'm beginning to feel that "Tree Fiddy" is long gone.
RVN opportunityHi everyone,
Hope you enjoyed your easter weekend.
After BTC pump, RVN might give us a good opportunity. This is a risky one as market is high unstable.
Setup:
Buy zone 1080-1090 (STRONG support)
Sell zone : 1250 - 1300 - 1350
SL : 990
I'll update this
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