For those who don't know it already, I'm an ardent believer of Fibonacci and Elliott Wave Theory. Constantly honing my knowledge to further understand how these codes are embedded into charts.
Ravencoin looks promising!
A bounce is quickly approaching: 467
Next major resistance @ wave3 (236-fib level): 611 .....30%!
With a pullback to wave4 (382-fib level): 532
Big Resistance @ wave 5: 674 .....25%
Ravencoin looks promising!
A bounce is quickly approaching: 467
Next major resistance @ wave3 (236-fib level): 611 .....30%!
With a pullback to wave4 (382-fib level): 532
Big Resistance @ wave 5: 674 .....25%
Note
While we got a bounce at 467, it wasn't a bull bounce. Now it's apparently the consolidation waves 3/4.Next support is at 453. Let's hope this is our bull bounce!
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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.