RVN/BTC 1D (Binance Spot) Falling wedge breakout & on support
#Ravencoin has been retracing for a long time now, a move up seems to be coming!
Since it broke out already and it's on big descending channel support, that looks like a good buy zone.
Current Price= 0.00000115
Buy Entry= 0.00000116 - 0.00000110
Take Profit= 0.00000128 | 0.00000144 | 0.00000162
Stop Loss= 0.00000098
Risk/Reward= 1:1 | 1:2.07 | 1:3.27
Expected Profit= +13.27% | +27.43% | +43.36%
Possible Loss= -13.27%
Fib. Retracement= 0.236| 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 2400h
Since it broke out already and it's on big descending channel support, that looks like a good buy zone.
Current Price= 0.00000115
Buy Entry= 0.00000116 - 0.00000110
Take Profit= 0.00000128 | 0.00000144 | 0.00000162
Stop Loss= 0.00000098
Risk/Reward= 1:1 | 1:2.07 | 1:3.27
Expected Profit= +13.27% | +27.43% | +43.36%
Possible Loss= -13.27%
Fib. Retracement= 0.236| 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 2400h
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.