RVNBTC retrace watch: RavenCoin pulling back finally?

Updated

RVN with quite a ravenous rampage with 3 different Impulses.
"3 Drives Pattern" in play here, only measured with precision.
During retrace, "Confluence of 2" or of 3 are of utmost interest.

750 sats would be a nice place to bounce given psych value.
640 sats is bulls' Ideal defense, being the top of last Impulse.
535 sats is bulls' Last Stand, without much support below.

Note

Bit of a bounce of first possible support

but so far the bounce looks to be running out of steam. Bulls could not surpass the blue 3.236 yet. And that 3.618 will be stronger res. So am cautiously optimistic for my small buy at 750 sats...

.

Note

per above, bounce did not hold

a second attempt pierced teh fibs so this support is quite weak now. More than likely headed for the next zone down.

.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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.