RVN/BTC 8H (Binance) Ascending triangle pattern in formation
Updated
Raven Coin is in uptrend and probably going for higher local high, like XLM was.
Keep an eye on that bullish pattern, the idea is to enter on triangle support and Fib. 0.382:
Entry range= 0.00000343 - 0.00000349
Take Profit= 0.00000365 | 0.00000387 | 0.00000418
Stop Loss= 0.00000327
Risk/Reward ratio= 1:1 | 1:2.16 | 1:3.79
Expected Profit= 5.49% | 11.85% | 20.81%
Possible Loss= -5.49%
Leverage= 1x | 3x | 5x
Fib. Retracement= 0.5 | 0.618 | 0.786
Keep an eye on that bullish pattern, the idea is to enter on triangle support and Fib. 0.382:
Entry range= 0.00000343 - 0.00000349
Take Profit= 0.00000365 | 0.00000387 | 0.00000418
Stop Loss= 0.00000327
Risk/Reward ratio= 1:1 | 1:2.16 | 1:3.79
Expected Profit= 5.49% | 11.85% | 20.81%
Possible Loss= -5.49%
Leverage= 1x | 3x | 5x
Fib. Retracement= 0.5 | 0.618 | 0.786
Trade active
Higher entry was hit, let limit order in the zone in case of dip!Trade closed: target reached
TP1 & TP2 more than reached with +11.85%, almost hit TP3! I was using Margin account with 5x leverage so you can multiplicate that gain 🤑
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