This triangle starts from february and the green line is a huge support. Breaking it would be an insane sell signal.
Volatility is compressed between it and the blue line, who started near the ATH. RVN tried to pass over many times but failed many times.
Moreover, the dotted black line is an interesting resistance : When the price are over, Ravencoin basically...
(H4)
Since the last pump, we can see 3 descending bevel. Each one of them is shorter than the previous one, and tighter.
Same for RSI, angles are getting tighter. It's not as accurate on first benvel than on two others, but still says a lot.
By the moment I am posting this analysis, Raven hit the bottom of the bevel, at the MA50 (~783 sats) and it got...
According previous moves of that little boy : Golden cross, +340%, followed by a death cross, -60% : then golden cross +420% , followed by a death cross retracing at -68%
We can see that MA50 acts as a resistance when RVN is bearish and acts as a strong support when RVN is bullish .
Since a few days, we are back upper the MA50 which could be a decent buying...
According previous moves of that little boy : Golden cross, +340%, followed by a death cross, -60% : then golden cross +420% , followed by a death cross retracing at -68%
It seems another powerful wave is coming, which should bring it at 3k+ sats if the 400% pump happens back. It also weirdly coincides with the 2,168 fibo.
You can see how MA50 acts as a...
