RVN/USD- Upcoming Breakout? Ravencoin approaching some important levels.
One to keep an eye on.
Potential to be rejected from current and create a better entry at support but still not overly interested here until I see a break above desired levels.
(I'll be looking for a break, or break retest for entry)
As always, not financial advice, just some thoughts and TA.
Bingaz
RVNUSD trade ideas
RVNUSD - tendency down. reason - fake breakout to the upside.Hi Friends,
RVNUSD has made a fake-breakout to the upside, currently sitting on a strong support.
However, a break below and retest of the zone would indicate a bearish progression.
Be flexible and know your set-ups.
I will consider investing if RVNUSD at levels around 1.2-0.8 cents , given market environment and fundamentals align
Comments, likes are appreciated.
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0251 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0251)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0251 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0251)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
RVN/USD STRONG BULLISH REVERSAL There may be a strong bullish reversal after the price confirms closing over the ichimoku cloud. Also, we can a appreciate a clear divergance on the rsi on the 1 hour chart as well as a cross between the conversion and base line. So everything is good to go Long, let's see what happens ...
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0223 to 0.0158). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0223)
Ending of entry zone (0.0158)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0223 to 0.0158). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0223)
Ending of entry zone (0.0158)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free