RVN USDTThere is the ability to form such a move by observing the loss limit of the red range in RVN
RVNUSDT trade ideas
RVNUSDTFalling wedge is shaping up pretty nicely. Moreover, there is a pretty good daily support around 0.1298
As long as we are above the support we can look to get into LONG positions.
For higher probability setups, wait for a break of the wedge to the upside, before getting into the positions.
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.
RVN possible huge jumpLast time RVN broke out upwards of triangle and showed RSI undersold 3 times in a row then turn, it shot up over 80%. Just an idea no clue if it will repeat itself.
Ravencoin (RVN) formed bullish BAT for upto 14% moveHey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN).
On the 4-hour chart, DODO has formed big bullish BAT .
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
Short - RVN dump to 0.105 SHORT
Fibonacci retracement say RVN du,p to 0.105 soon
bearish butterly pattern +bearish crab pattern + price at srong resistance + RSI divergence
RVN - Short (4H)RVN - Short (4H)
RVN - Short (4H)
RVN - Short (4H)
RVN - Short (4H)
RVN - Short (4H)
RVN - Short (4H)
SHORT#TG1 0.130
#TG2 0.120
#TG3 0.106
#STOP Lose 0.22
bearish buttery pattern +bearish crab pattern + price at strong resistance + RSI divergence
RVN100 trades crypto series
Starting date: 9/August/2021
Day 3
Starting capital: $500
Capital at present: $526
Trades made - 9
(all trading ideas in the series with comentary and outcome can be found on my profile)
BEAR:
-Biggest candle late in a short term trade signaling that it might be an exhaustion candle followed by selling
- Overextended bull run, profit taking by bulls inevitable in a short term
-bears opening short seeing such a parabolic move, they know that bull will take profit at some point soon.
BULL:
-TREND is in tact, so pullback might be brief (one candle for example)
This is a high risk/high reward trade trying to catch the top.
Initial target is the open of the last bull bar, which is 1:3 Risk to reward.
If bears won't be able to push lower, will there is a possibility to 2:1, otherwise will manage on the go.
In such strong upside moves, retracements are brief so profit taking at 30% retracement of final wave is reasonable thing to do.
flag pattern with %2600 gain and $1.14 targetresistances in the way of $1.14:
R1=$0.137
R2=$0.192
R3=$0.233
R4=$0.378
R4=$0.658
RVN bullish?RVN broke out from descending channel, looks like in retest mode now. How big BTC impact is going to be on this one?
RR=2 sell ideabearish butterly pattern +bearish crab pattern + price at srong resistance + RSI divergence
RVNUSDT - 1Dsee and watch :)
It seems that the daily time frame trend line is broken and the price will move towards the next target ...
