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Rvnbitcoin

RVN/BTC TA Update (Market Structure Broken?)RVN/BTC RVN broke a key support area at 292 sats which invalidated the current market structure. By breaking key support levels especially if the area of confluence that acted as strong support for many months. This signal a strong bearish momentum resulting in another market structure to be developed again for the next 1-2 months. The RSI hasn't reached oversold levels yet, we may still see further selling pressure down to 260 sats area. Do not try to catch the bottom, most often the price will go down further if they are no buyers present at key levels.
Short
by PolarHusk
RVN/BTC TA Update (Bounce again at key support?)RVN/BTC RVN is trapped inside this channel where the price is just bouncing from top to bottom and from bottom to top. The key support area has been tested more than 4 times already and it is not good from my perspective viewpoint. I am more on the bearish side since the price is much closer breaking bearish rather than going bullish. At any point the price closes below key support will signal bears to enter the market. We know bulls are fighting to keep this key support at 300 sats alive but the more it keeps tested, much less it will work again the next try. be cautious trading this coin. Please wait for the breakout to happen before entering a trade.
Short
by PolarHusk
RVN break ascending triangle ?RVN break up dowtrend channel at 320 sats. RVN forms ascending traingle and breaking up. RVN price closed above EMA 21,50,100,200 strong uptrend. Next resistance at 460 sats. RVN current broke horizontal resistance at 400 sats. RVN was farmed support at 360 sats. Current trading range between 400 and 480 sats. RVN testing 1.618 fibs level at 462 sats. Indicators: MACD bullish crossover above zero line. RSI above 50 points. Which is very Bullish sign. Pattern: 1 Break up downtrend channel 2 break up ascending triangle. S/R: Support at 360 sats, Resistance 462. Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Long
by blockchaintrends
RVNBTC formed bullish BAT | A good long opportunityPriceline of Ravencoin / Bitcoin has formed a bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 0.00000384 to 0.00000381 Sell between: 0.00000390 to 0.00000400 Regards, Atif Akbar (moon333)
Long
by moon333
RVNBTC hits the support of channel | Upto 285% profit potentialThe priceline of RavenCoin cryptocurrency is moving within an up channel and making higher highs and higher lows. Now the price action has touched the support of channel again after Feb 2019. Every time when simple moving average 7 crosses down the price action then price action gets strong bullish and makes new high and this time the MA 7 is again touching the priceline to cross down the candle sticks again. In the meanwhile the MACD has turned weak bearish from strong bearish and soon it will be turned bullish. The stochastic is in oversold and has given bull cross. Even though the priceline is epected to make a new high but I have defined sell targets using Fibonacci method and these sell targets are as below: Sell between: 0.00000807 to 0.00001302 Regards, Atif Akbar (moon333)
Long
by moon333
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