RVNUSDT trade ideas
RVN/USDT - Binance - 1 week chart with correctionRVN/USDT - Leading diagonal - Binance 1-week chart with correction
For this graph, We use Elliott Impulse Wave (12345) with eclipse tools below and rectangle movable tools.
MacD below
On this graph, we saw a perfect leading diagonal Bullish Scenario with correction
Verdict:
We open risk, Good buy at $0.031 to $0.032
Stop loss at $0.030 - $0.029 as long it goes below the rectangular tools and hoping the BTC won't drag it below $8k.
first target $0.033 - $0.035
There's no resistance hoping this would be the highest price of RVN.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
#Trend Analysis
#Chart Patterns
#Wave Analysis
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RVNUSD - Corrected long-term trend channelOn my previous Raven USD idea I took a guess of where the long-trend channel was and during the BTC panic sell-off that just completed, Raven form a slightly lower channel and so, this is a corrected chart with a slightly revised channel upwards. Great BUY in my opinion.
Checkout my latest BTC idea below.
Bittrex new alt breakout! looking for feedbacklooking to trade these new alts more effectively...
just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts
coin was added to bittrex on 10/24
1400 coins at .0429 or $60.12
not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better and we get more coins added I have a better idea how to trade these things...
risk is very clear lvl (purple horizontal)
risk reward on new alt adds if you get good entry prices are usually no lower than 5 to 1, a lot of times closer to 10 to 1. so is i can be successful only 20-40% of the time i can make amazing profits with very set and defined risk
if I can be right 3 out of 10 5to1 1 can increase my acct very quickly and if I can get my accuracy these trades can be life changing
ex $100 acct 10% risk 5 to 1 r/r 1 90 2 80 3 120 4 110 5 100 6 90 7 140 8 125 9 110 10 160
ex $100 acct 10% risk 10 to 1 r/r 1 90 2 80 3 70 4 140 5 125 6 110 7 220 8 440 9 400 10 360