RVNBTC trade ideas
Ravencoin (RVN) - Range Breakout 1:3 @coinselorThere is a very significant S/R flip occurring in RVN after a weekly rounding bottom. The risk-reward idea is defined between two very significant levels. The amount of alts forming long-term reversal patterns is staggering.
BINANCE:RVNBTC
Market Cap:
$174,202,861 USD
20,276 BTC
Rising WedgeThe breakout from an ascending triangle was weak, indicating that we might be in a rising wedge instead. This can be noticed better on Bittrex chart, check the "Related Ideas".
RVN/BTC MAKE TRIANGLE PATTERN ON BINANCE EXCHANGE RVN/BTC MAKE TRIANGLE PATTERN ON BINANCE EXCHANGE 1HR CHART
$RVN Retested ~400sats and seems to be hodling/flipping it...$RVN
Retested ~400 sats level and seems to be hodling/flipping it on the 12H chart into support
If continuation happens from here (volume!), then we should aim for a new leg up with target at ~500 sats
UCTS Buy signal active on the 1D & lower TFs
SL under support
#RVN
RVNBTC Buy SignalPattern: Channel Up on 1D.
Signal: Bullish due to the RSI divergence, and the fact that the price has completed the most days trading above the 1D MA50 since April.
Target: 0.00000600 (expected contact with the 1D MA200).
Symmetrical TriangleWe're in an uptrend, so this triangle is likely going to break out upward towards around 600.
$RVN, Testing for 1st time reclaimed level at ~350 sats$RVN
Testing for 1st time reclaimed level at ~350 sats and showing signals of bouncing/flipping it into support
Volume looks kinda low, but still worth taking a shot
If continuation happens, then aiming for ~400 sats retest as 1st target
UCTS Buy signal active on the 12H
#RVN
Ravencoin (Oct 06) #RVN $RVN #BTC $BTCBuy : 375-350
Sell : 400-430-460
Mid-Hold : 550
Stop : Under 300
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.
Ravencoin (RVN): Go With ItRavencoin (RVN) may be in the process of making a genuine breakout to the upside.
Ravencoin (RVN) is breaking above a speed resistance line at 420. The next upside target could be 636. That is the location of another Fib speed resistance lines.
One of the reasons that we think Ravencoin (RVN) could go on a bullish rampage is that the "previous 4th" wave is up at 935. After a significant downtrend, Elliot Wave practitioners believe a market can rally back to the point where the big crash began. In Elliot jargon, this is called a rally to the "previous 4th." So, while wave counting is a highly subjective business, we believe the previous 4th is up at 935.
Ravencoin also makes sense fundamentally. Ravencoin (RVN) can help tokenize assets like real estate. To us, it's a matter of time before sophisticated institutional investors, and even banks, want to start trading tokenized versions of legacy assets.
Bottom Line: If there is ever a time to close your eyes and go with a rally in altcoins, Ravencoin (RVN) may be that opportunity.
EW ScenarioPossible Count here expecting ABC correction for a Re-Entry Providing this is the top of this wave gl.
RAVEN Broke out from descending triangle pattern.Hello friends,
We are looking at RVN against the BITCOIN on the 4H or medium timeframe here.
It looks like we have broke out of a 4 month bottoming pattern right now, at the same time when Bitcoin also broke bullish.
This can get quite profitable as RVN has shown insane pumps in the past.
Right now lets aim for a modest 25% gain and from there on evaluate further.
Entry: 0.00000430 (about now)
Target: 0.00000550 (0.23 FIB Resistance)
Stop: 0.00000343 (Manual stoploss after a daily close)
Thanks and best regards, Thumbs up and subscribe for more.
RVNBTC Elliot waves and Fibsthis coin is bullish if this
RED EW : price touched resistance 0.382(442 sats )
we are having the 4th wave at the 385 area and also fibs 0.618
so wait for daily closing is small ew (blue) price doesn't hold than it come this place
BLUE EW :
near resistance and also come at support 394 sats at A wave
so entry below 400 is overall good for this coin
target is 5th wave
entry : below 400 , 385 - 395 good
sl : 375
target : 5 to 20%
RVN ready to launch for a 50% moveIt's not pumping like the majors yet, but this looks really nice for a bounce in the coming days.
The fact that it hasn't started the move up yet is why I entered.
Bullish divergences, shortening of the thrust, and slowing selling momentum all indicating a bounce is just around the corner.
Targeting 450 for a 50% move.
