Rvn
$RVN, Looking at a potential W bottom pattern at ~295 sats...$RVN
Looking at a potential W bottom pattern at ~295 sats support level with UCTS Buy signal on the 12H chart..
OBV showing a bullish divergence
RSI rising from oversold values
If it gets traction from here, aiming for ~330 sats as 1st target (10%)
#RVN
Ravencoin big volume spike, accumulation coming to an end Ravencoin is a good fundamental project also it is quiet decentralized(very less left as of now) there are individual miners which are mining RVN, and when miners especially individual ones are joined into mining a coin you have the idea that it's not going to fail or is a Scam. Even Raven had no funds raised or premined and is a working protocol.
Looking at the chart we see a big volume spike today nearly half a billion are bought, also it is in a consolidation since last 4 months(like most altcoins as general) and few of ones which haven't spiked yet. If we look closely there is also a W kind of bottom forming and the support is like its always there for this coin at the bottom level. If we look at the previous bull runs of this coin it has a tendency to go exponentially in days (look left on the chart)
You can buy it as per your investment and trading style as the big volume can be an indication for the beginning of next wave up in this market, if you are a midterm trader you can easily ride the complete wave, targets are on the chart sl can be used as per your risk management scenario.
Also the price is high atm cz of bullish move you can wait for it to go down a bit and then buy. Don't forget to use SL as per your style.
Happy Trading.
$RVN ~ RavenCoin$RVN appears to be pushing out of it's trading range. It's been here for a while with heavy accumulation.
As most alts are, are breaking out and even flipping S/R once broken out. $RVN is yet to move. $RVN moves hard and fast when it finally does.
I think it's ready and I'm in.
Let's grab a bag here at 306-312.
Targets:
343 > 350 > 366 > 382 > 389 > 418 > 422
Use due diligence.
LONG - RVN - Trading OpportunityPrice retested support and is consolidating right above it.
Entry: 0.00000301
TP 1: 0.00000332
TP 2: 0.00000371
TP 3: 0.00000420
SL: 0.00000286
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RVN preparing to launch for a 70% move (part two)RVN looks really good for a bounce in the coming days/weeks.
Bullish divergences, slowing selling momentum, volume showing signs of accumulation, all indicating a bounce is just around the corner.
Entries in the 327-320 area.
Targeting:
1. 409 for a 25% move in the near term
2. 559 for a 70% move in the medium term
Daily candle close below 290 or any kind of new low from here would invalidate the trade.
Previous 50% move on RVN:
RVN/BTCKeep it simple!
Green box is the range where I buy, the Orange box is where I take profit. At each profit target I take out 20% of the initial trade.
For a long term swing trade we need to see RVN hold the green box as supports, test the previous resistance and then come back down to hold a higher low. If this happens we can see RVN test many of these profit targets.
RVN Symmetrical Triangle 50/50. Pivot Points. Price clamped.RVN / BTC on the coin a month ago a downward wedge was formed, which was broken up. In this regard, a local upward trend for 1 month has formed. This trend gave a price increase of + 52%. Then the local uptrend changed to a downtrend and the price returned back to the purchase zone.
Also in the purchase area you can see a huge shadow of 18%. They directed the price there specially, broke through the previous support, collected liquidity, as most traders thought that there would be a continuation of the downtrend. But it was not there. We collected all the liquidity at the lowest prices and pulled the price of the bistro up 18%. I think that the one who worked the stop loss under the support will not want to buy a coin more expensive by + 18%. Passengers are thrown off .
The coin has a clear presence of a major player who skillfully manipulates the price. At the moment, a symmetrical triangle has formed on the coin. The chances of a breakthrough rise / fall in such formations are 50/50. The price is in the corner. Coming soon.
Entrance on the breakthrough of the triangle. Or at a rollback of the price, depending on who has what strategy and manner of trading. I don’t specifically write about stop loss, it is a moot point to use on such coins. You yourself see how the shadow of a candle collected stop loss from the crowd. What matters here is not the size of the stop loss, but the moment you enter the trade and understanding what is happening. I showed all levels and pivot points on the chart.
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I have been trading this coin for several months. Here are the old trading ideas that worked well.
RVN. Cycle. Coin for the pumps. Global target. Published September 17th.
RVN Falling Wedge. First target + 30% Figure potential + 100% Published September 17th.
And the result after 3 weeks + 50% If you do not trade on the waves, and so much more profit.
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Symmetrical triangle.
The figure is a symmetrical triangle is a very common figure, which does not have a pronounced direction, as it is characterized by a balance between supply and demand. 50/50. The figure is formed of two converging lines (resistance line and support line). The intersection of these lines is called the top of the triangle. The amplitude of fluctuations within the figure decreases, as indicators of trade volume gradually decrease. Support and resistance lines have equal angles of inclination. This triangle shape resembles an isosceles triangle when the bisector divides it exactly in half (pink line).
The price when breaking through a triangle can go both up and down. You need to understand that this model of a triangle gives a chance to go up or down in a ratio of 50/50. In such models it is very important to work from the situation.
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Features to which you should pay attention when forming this model of a figure.
1) There must be a minimum of 4 points of contact 2 touches to the ascending line of support and 2 to the descending line of resistance. Then later touch points on both sides should tend toward the horizontal center of the triangle. And it is worth noting that the more points of contact, the more reliable the figure.
2) The trading volume as the formation of the figure should decrease.
3) if inside the symmetric triangle (component of the triangle wave) the price increase is accompanied by an increase in volume indicators, then it is most likely that the figure will be broken up. And vice versa, if inside a symmetrical triangle a price drop is accompanied by an increase in volume indicators, then most likely the figure will be broken down. Do not forget to look in the tape of sales.
4) The ideal moment for a breakthrough is considered to be the moment starting from half to 3/4 of the figure. A break in the first half of the figure, as a rule, turns out to be premature, and in its last quarter, most likely, will be insignificant.
5) Symmetric (isosceles) triangle - a figure of the continuation of the trend. Most likely, the price will break through the support / resistance level and go in the direction of the trend. This is in most cases. It happens that an isosceles triangle reverses the trend. The direction of the price movement depends on the side on which the price has left the figure. Therefore, the direction of the price movement into which the triangle made its way, rather than the previous trend, is more important. A symmetrical triangle can very rarely reverse a trend.
6) the proximity of significant levels of support / resistance can also affect the direction of price movement.
7) Sometimes, the horizontal center of the triangle becomes a line of support or resistance (pink line in the picture).
8) If the upper resistance line has been broken, it becomes a support line. The broken bottom support line later becomes a resistance line. Sometimes after breaking through the price as a result of correction may temporarily return to this line.
9) The breakthrough of the figure should be convincing. It is desirable that a breakthrough in the direction of the dominant trend be accompanied by an increase in trading volume. When breaking against the trend, a sharp increase in trading volume is a prerequisite for confirmation.
10) An important breakthrough is not so important, namely, fixing the price outside of support / resistance.
11) The goal when working out a symmetrical triangle after a breakthrough is equal to the absolute value of the base (the widest part of the triangle) added to the price exit point.
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The target of practicing the shape of a symmetrical triangle.
The target of working out the figure is equal to the height of the widest part of the "Symmetrical Triangle" (price range from support to the highest peak). We measure the distance of the widest part of the figure and debug it down at the point of breakthrough of the triangle.
$RVN, Descending channel testing support level at ~305 sats...$RVN
Inside a descending channel testing support level at ~305 sats
Breaking from here could lead to big recovery back to ~350+ sats
For now just set alerts and wait for it to happen or take a risk with a SL under support...
#RVN
Over the last few weeks I have been managing my Stop losses, Take profits and trading in general through the "Smart Trade" platform that 3commas offers... It has been a really nice experience
Thanks
LONG - RVN - Trading OpportunityGreat consolidation right below the cloud, TK cross about to happen as well which gives us a signal for a possible edge to edge move.
Entry: 0.00000373
SL: 0.00000347
TP 1: 0.00000400
TP 2: 0.00000487
TP 3: 0.00000613
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)