RVNBTC trade ideas
Raven Double BottomHello,
Previous trade I closed at a loss (16% of total deposit). My money management sucks :) The good side of it is that it gave me a chance to practice cutting losses and to accept the fact of making a mistake. But the Market will always give a chance to make money. :P
I follow only RVN/MATIC/BAT so on RVN:
If we will be able to hold the support of 195-200 then we have a double bottom pattern.
Spike in volume (at 200-205) will confirm this. Otherwise REKT (if BTC will get down from current 10,210 or get higher).
BTC up ALTs down, BTC down ALTs down. Classic. So really hope BTC will start consolidation after correction from 10,210.
Please DYOR. My analyses never work out.
Kind regards,
Asky
$RVN / $BTC: Huge consolidation range, breakout time?Raven.. everyones favourite hype pump coin.
Its been consolidation in this nice range/channel for ages..
Note that
-Huge bull div on weekly (see comments)
-Possible inverse head and shoulders or cup and handle if the handle forms (see comments)
-At the channel/range support
-Broken all diagnol resistances
-RSI could possibly cross the 50 threshold soon
RVN Can Hooked up soonCurrently, RVN is looking preety to jump any time. A large number of day was a falling wedge of RVN. We saw a great cup and handle and break the immideate falling wedge resistence. Now Its time for accumulation.
Target on this chart is for long.
You can accumulate 3 times.
1. 212 - 216 for holding
2. 209 for short
3. 241 for confirmed the rally and long.
S/L: 196
target: 255, 270, 366, 400 and if we break the falling wedge we were in again for long at 469
RVNBTC Could be break-out timeRVNBTC is on a Falling Wedge similar to the one from November 2018 to February 2019. The price just broke above the Lower High trend-line of the pattern and this may kick-start a rally similar to that of March 2019. However this will be confirmed only if the Resistance levels break. Either buy now with the SL on the May low or wait for a Resistance break.
🎓#SpotTrade 🎓 $RVN / BTC 🎓🔸Signal Info: Raven Coin
Rank: #53
Exchange: Binance
Direction: LONG
🔸Analysis: Raven coin is always a good coin to look at when market cycles are changing. It might not always be the first out of the block but when it does move, it get much volume and steady quick growth. The upside potential on RVN is just absolutely ridiculous here. I have measured out only the first target for now at a whooping 48%. If things really do play out in our favour, then there will be plenty of time to celebrate those other victories in the future! Lets see the Raven take to the skies 🦅
🔸Current Price: 217sats
❇️Entry: 195sats, 220sats
🎯Take Profit: 307sats, 431sats, 669sats
♦️Stop Limit: 162sats (-21.5%)
$RVN Good Entry Along Accumulation
Looking at $RVN Ravencoin on the 12H timeframe
Again just like most to all other altcoins, Ravencoin has been in accumulation from March-May as we see price trending between 207-239. Anywhere in this green zone is great accumulation, especially if you analyzed this move an bought below 207
Right now short-term looks like it's holding this downtrend it just broke out of, and could hit 207 sats
Anyways, once the coin breaks above 239 sats the 1st target is 299 sats because the only other level is 273 which has already been 1st touched and isn't much of a resistance anymore
2nd distribution zone is way out there, I do not expect that to hit anytime soon, kinda just put that on my chart for the aesthetic to be honest.
Please be patient with this coin my 1st entry on this coin was 299 sats with a tight SL because I thought it was accumulating there, turns out that accumulation zone was along this known distribution target
I trade completely based off technicals, I have ZERO idea what Ravencoin even does or the supply cap or anything about it . I only know it's got a cool looking logo and currently in accumulation about to pop off
Can't be asked to do the fundamental research on all these altcoins, it's a headache
RVN/BTC, BULL DIV, BULLISH CRAB, 70 TO 160% POTENTIALIT'S BEEN MOVING IN A DESCENDING CHANNEL, HAS BROKEN IMMEDIATE RESISTANCE AFTER FORMING A BULLISH CRAB PATTERN AND TAKING THE BULLISH DIVERGENCE. TOP OF THE CHANNEL HAS ABOUT 70% POTENTIAL CURRENTLY BUT THERE IS RESISTANCE ALONG THE WAY. IF WE ARE ABLE TO BREAK ABOVE THE CHANNEL, I EXPECT THE RALLY TO CONTINUE FOR A TOTAL OF ABOUT 160%.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
RVN/BTC 12H (Binance) Descending parallel channels on supportRavencoin is facing strong support right now, we can expect a good bounce towards mid-line soon.
Accumulation is about to end after almost a year ranging, better be prepared!
Buy Entry= 0.00000198 - 0.00000188
Take Profit= 0.00000224 | 0.00000242 | 0.00000273
Stop Loss= 0.00000162
Risk/Reward= 1:1 | 1:1.58 | 1:2.58
Expected Profit= 16.06% | 25.39% | 41.45%
Possible Loss= -16.06%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
$RVN, UCTS is also turning green across 1D and lower timeframes$RVN
Volume got my attention into this one as its rising into levels where lead to big moves on the past..
UCTS is also turning green across 1D and lower timeframes
Continuation from here should lead into the ~280sats as 1st target...
#RVN