💡Don't miss the great buy opportunity in RVNUSDT". There is a possibility of temporary retracement to the suggested support line (0.1419).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RVNUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.1596
TP2= @ 0.1737
TP3= @ 0.1860
TP4= @ 0.2040
TP5= @ 0.2348
SL= Break below S2
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RVNUSDT trade ideas
💡Don't miss the great buy opportunity in RVNUSDT". There is a possibility of temporary retracement to the suggested support line (0.1419).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RVNUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.1596
TP2= @ 0.1737
TP3= @ 0.1860
TP4= @ 0.2040
TP5= @ 0.2348
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
RVN/USDT - Cup and handle - Raven to $0,50On the RVN USDT graph we can see that the “Cup and handle” pattern has been formed. This pattern may mean an imminent large increase in price. We also see a shift to the 4h RSI graph, from bearish to bullish trend. Price prediction in in the coming weeks and months is $0,50. The price was obtained taking into account the price increase from the bottom in June ($ 0,04) to the August peak ($ 0,165).
RVN// Short Term Trend BreakAfter a massive run up, the usual triangle or falling wedge forms, then the underlying security is accumulated and then breaks the short term trend to continue the original trend.
Same old same old.
Bullish bias on the retest. Will likely look on the 15min - 1H chart for the retest and rejection signs.
SHORT RVNThe price has crossed the kumo cloud and now is below the cloud, in the meanwhile the baseLine and Conversion Line had a crossover as well as the fact that this area has been a key area as support and resistance for multiple times and now seems to be acting as a resisitance plus EMA50 has been crossed and now is acting as a resistance combined with the key area together which gives us a reversal signal which makes it a nice opportunity for a short position.
NFA
Formation of Symmetrical triangle in Ravencoin* Ravencoin forms a Symmetrical triangle in 2H time frame.
* Symmetrical triangle occurs when the price consolidates within two trend-lines, where the upper trend-line works as the resistance to the price and the lower trend-line works as support.
* If the price breaks either side of the pattern we can see a healthy move.
LONG RVN/USDTRVN broke out of the triangle, retest done, and now it is ready.
Enter at $0.148 to $0.151
SL: $0.14
Targets:
$0.158
$0.164
$0.171
Accumulate with close stop loss.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
Raven could see 0.7 & beyond.Not 100% sure that's a wave 1 but wave 2 did reach as low as expected. So assuming that's the case Raven could reach between 0.5 & 1.4 on it's wave 3. With a standard wave 5 $0.7 is a reasonable minimum target. The smaller areas are common wave 3 targets the larger is wave 3's potential range.
RVN100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 11
(all trading ideas in the series with comentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH VIEW:
-Tight bear channel
-mega rally of this coin made me believe that bigger correction is in tact.
BULLISH VIEW:
-75% of bear channels will eventually break upside, which we can see later in the in this downtrend.
However after such a strong leg down, at least double top can be expected