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$RVN/BTC 8h (Binance Spot) Falling wedge breakout and retest
Ravencoin / Bitcoin
Long
$RVN/BTC 8h (Binance Spot) Falling wedge breakout and retest
By TradingOn
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Updated
Apr 17, 2021
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Cheer
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Apr 16, 2021
Ravencoin broke bullish and looks ready for continuation upwards after that pull-back.
Current Price= 0.00000335
Buy Entry= 0.00000334 - 0.00000310
Take Profit= 0.00000394 | 0.00000447 | 0.00000259
Stop Loss= 0.00000274
Risk/Reward= 1:1.5 | 1:3.06 | 1:5.73
Expected Profit= +22.36% | +45.65% | +85.40%
Possible Loss= -14.91%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 month
Apr 17, 2021
Trade active
First entry filled
Ravencoin bounced as expected, up to +18%, almost hitting first target.
Apr 18, 2021
Trade closed: target reached
TP1 reached with +22.36% and +1.5R
Ravencoin made it to 1st target this time, good profit so far!
binance
breakandretest
bullishbreakout
Moving Averages
raven
ravencoin
rvn
RVNBTC
spot
Support and Resistance
Wedge
TradingOn
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