RVNBTC trade ideas
#RAVENCOIN Strong AreaEntry : 0.00000322 - 0.00000314 - 0.00000295
Target 1 : 0.00000346
Target 2 : 0.00000373
Target 3 : 0.00000415
Target 4 : 0.00000457
Target 5 : 0.00000560
Stop loss : 0.00000248
Risk/Reward : 17%/90%
Do not hurry to buy, the price may go down to good places
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Ravencoin breaking resistancereasons to long:
-RVN/BTC has broken local resistance which can also be seen on the daily timeframe.
-RVN/BTC testing resistance as support
-heavy bullish divergence and convergence on the weekly will help fuel this rally
-Bitcoin dominance falling and funds are flowing into alts
- A lot of room to move, we're not even close to the 0.236 retracement
disclaimer: This is not financial advice, please do your own research before opening a position
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RVN looks like it will outperform most coins Already posted RVN charts before but this chart deserves some extra special attention
- Weekly bullish divergence
- 8 months accumulation range
- 3D bollinger band squeeze getting VERY tight (biggest squeeze ever on this coin thusfar)
RVN has broken local resistance and retested it,
It is looking like it could have some strong expansion soon as the bollinger band on the 3d has squeezed very tight
Lot of resistance at the 460 zone but it will be the 3rd test of resistance, in this point of the accumulation zone it is likely to break
Expecting high targets for this
Just for meme/good fun, this is the 2018 fractal as an overlay on the current cycle. Pretty much an exact copy
RVN potential big move coming soon.Since 19 August 2019, big account holders have been accumulating RVN at support level of 296. Soon we're gonna test some long term trendlines. The size of the move will be dependent of the reaction to those trendlines. The advantage of this trade is, given how long RVN has been accumulating, I expect another test of 296, regardless of how bad it could potentially break down (giving a pretty safe trade considering the upsides).
I've put on charts some quick targets. Short term, we should see some resistance around 334 level (given that we'll test trend as well). Closing that, we could see a retest of 375, 417 and finally 462. Passing critical resistance of 462 can lead us as far as 592 level. Let's watch how the trade develops, it could be one of those big trades we see in the market right now, or might need months to mature. No matter how big it goes, this should be a pretty safe trade to take.
RVN accumulation before retest of upper trend line?This is not financial advice.
RVN bounced off the lower support. We are in an accumulation phase, very similar to the last one.
Potential 40-50% gain within a few days with a retest of the upper trend line. Keep your stop limit tight in case this falls as Bitcoin is still dropping too.
RvnBtc trading opportunity with 50-80% profit targetRVN hitting potential triple bottom, with this we have high tendency of bounce and which will push the price towards the top side of trendline.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to our risk management.
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Ravencoin Challenges EMA50, Prepares To Move AheadRavencoin (RVNBTC) managed to clear EMA50 and is getting ready to go higher... Looking at past history, each time EMA50 is conquered a strong bullish move follows.
Right now RVNBTC is trading above EMA50 and challenging EMA100 (purple line), if the day closes positive above 0.00000309, we are likely to see a very strong green candle next.
Ravencoin Chart Signals
With a strong RSI (61) and a bullish MACD with volume starting to go green, we can expect RVNBTC to move higher.
If prices move lower EMA10 at 0.00000303 is the first support, this is followed by the 0.00000270 - 0.00000285 price range.
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