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Ravencoin / Bitcoin

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RVNBTC trade ideas

RVN/BTC Long term AccumulationSince the last 6 weeks RVN has been trading sideways holding strongly the 200 Support region/. I expect RVN to make some moves soon. 6th May is its FORK which is poised to come out with positive outcome in miner's earning. To understand the deal you can read this : :https://minermore.com/docs/help/ravencoin_fork/ Technically the breakout above the triangle would take us to 275 sats easily. Why i am very bullish on RVN finally is that it broke above the 200D MA. The only problem is the red cluster of resistance.Very hIgh resistance to break at once. I don't think it will break at once but even if we reach that point we can make 15%+ profits without leverage. Stay tuned. #Peace
Long
by Cryptorphic
2
RVN/BTC TA Update (new accumulation phase?)RVN/BTC RVN broke yearly long key support area at 270 sat level with this, a new market structure is going to be re-established. The bullish side here is RVN is going to respect this huge descending channel which by technical should break to the upside in the future. It is a long way to go as the market is full of fear and blood in the street. But this is a good chance for long term investors to start looking for high quality and high reward altcoins.
Long
by PolarHusk
RVN on SupportRVN on Support - This trade drove home the importance of getting a GREAT entry vs an immediate fill. When I first looked at this, price was sitting @ 300 sats but I saw near-term support on the 4hr extended down to .000002960. I decided "I need a clean entry more than I need a quick one!" This morning when I woke up I was in @ 2960! With the market a little unsure of its direction this was a good perspective and now I am long from a safe start. This will greatly improve the safety and profitability of this trade. Happy trading! Stop Loss @.00000280
by Cryptoshroomer
1