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Rvncoin

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. ________________________________ 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. _______________________________________ 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. ____________________________________ 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. ______________________________________________ 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.
by SpartaBTC
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
RVN looking PRIMED for a PUMP [RVN/BTC]Ravencoin looking ready for a nice move! Falling wedge and horizontal support level is exactly want to see to snag a buy, also a trendline supporting the idea. These opportunities can create 50+% chances- it is important to get in and out for the move, as generally the chart is still in an overall downtrend. To re-cap -Wedge -Support level -Trendline -Fractal Structure If you want to see join our discord for more trade ideas and free scripts... check our signature below!!
Long
by QuantCat
RVN Falling Wedge. First target + 30% Figure potential + 100%RVN Falling Wedge. First target + 30% Figure potential + 100% The purchase area is 270-300 satosh. Stop Loss Below - 270 Satoshi. Goals - 390,450,500,550,600 Satoshi. It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase. See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.
Long
by SpartaBTC
RVN. Cycle. Coin for the pumps. Global goals.RVN Falling Wedge. First target + 30% Figure potential + 100% The purchase area is 270-300 satosh. Stop Loss Below - 270 Satoshi. The targets for the downward wedge are 390,450,500,550,600 satosh. If we take into account the cyclical nature and madness of the crowd, then the global goals for the coin are from 800 to 1600 satoshi. And it could be like it's a cheap coin to pump. But as for me, it is better not to wait for inadequate goals which may or may not be. GREED CAUSES POVERTY. Work better with the objectives of the downward wedge. More details in this trading idea. It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase. See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.
Long
by SpartaBTC
Raven Gearing up for Another 250% move?Time will only tell, but as you can see, we have a repeating fractal pattern very similar to the previous pumps, and alignment with the Bitcoin price that could easily see us with a 250% move. The descending wedge here also lead us down to around 280 satoshis, so we are not technically near the end of this triangle, but we are at a critical point with two top down resitance lines forming right at our current position, breaking above the first is a great sign! Now for any of you that follows us and are in the private bear den, you already know the importance of charting BTC and our other assets at the same time. If you are charting in USD- You fail If you are not looking at BTC current positions vs your trade strategy, you also fail. HAWK EYE!
Long
by Arcane-bear
2
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
5
RavenCoin/Bitcoin (RVNBTC) Hello Everyone, RVN Coin kafi time se downtrend me tha 28th march 2019 ko 1724 sat ka high lagaya tha uske baad se continute downtrend me tha, Finally 12 july 2019 ko 339 sat ka low lagaya hai 1h 4h time frame me aap dekhe to falling wedge pattern ka breakout hua hai, 560-575 resistance zone hai agar ise break karta hai to maximum target abhi 716 sat hai, Agar aap entry lete hai to SL jaroor lagaiye. Our previous success analysis: Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results. Global Rashid The Guide To The Right Path
Long
by globalrashid
4