On bullish cycles corrections tend to last between 2-3 months.
Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).
Yesterday a low was hit with bullish divergence on the RSI.
It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done.
After the correction follows the next bullish wave with a higher high target in place.
Bottom line, Ravencoin looks good.
Namaste.
Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).
Yesterday a low was hit with bullish divergence on the RSI.
It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done.
After the correction follows the next bullish wave with a higher high target in place.
Bottom line, Ravencoin looks good.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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(Click & Claim Your FREE Pizza! 🍕)
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.