$RVN / $BTC: Huge consolidation range, breakout time?
Updated
Raven.. everyones favourite hype pump coin.
Its been consolidation in this nice range/channel for ages..
Note that
-Huge bull div on weekly (see comments)
-Possible inverse head and shoulders or cup and handle if the handle forms (see comments)
-At the channel/range support
-Broken all diagnol resistances
-RSI could possibly cross the 50 threshold soon
Its been consolidation in this nice range/channel for ages..
Note that
-Huge bull div on weekly (see comments)
-Possible inverse head and shoulders or cup and handle if the handle forms (see comments)
-At the channel/range support
-Broken all diagnol resistances
-RSI could possibly cross the 50 threshold soon
Comment
Bull div weeklyComment
Inverse head and shoulders/ Cup and handleComment
Alt coins look positive, but have to be cautious of BTC and what its doing. If BTC has extremely viotality then the alts can just dump off at anytime.
More explained on this idea here:
Comment
Descending scallop on RVN, can lead to IHS breakoutOnly if we hold 216- a close under that and we can dump off- or the possibility of bouncing a little lower to form the shoulder still of the IHS
Comment
Nice shakeout on RVN...But if you look closely we are
1. Still holding a higher low
2. Forming a morning star reversal
3. Possible 2nd Shoulder of inverse head and shoulders
Trade closed manually
Good result from this trade.
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