RVN/BTC (Raven Coin) Almost Ready to Breakout ..!!RVN/BTC (Raven Coin)
- Forming Falling Wedge in Daily Time frame.
- Major Indicators Are Turning Bullish As Well.
- RSI & MACD Bullish Divergence As Well..
- Expecting Breakout in Next 10-16 Hours..(Need Some Volume to Break the Wedge )
Buy Around 290-305 Sats
Scalp Targets 320-340-360 Sats
Sell Targets 386-449-515-587 Sats
Stop Loss Below 270 Sats
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RVNBTC trade ideas
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!
Get ready to rumble Raven!Raven $RVN getting setup in a descending wedge. Historically these have been explosive for this coin. The last large growth also happened in the midst of the bear season of 2019.
At this moment bitcoin just broke below 10k after a parabolic rise. Hopefully we get to lose some of that steam, and move sideways for alts like Raven to get the oxygen they need.
- I will also be looking for confluence with indicators. Last time we had bullish RSI divergence and growing volume. Would love to see the same this time around too.
$Rvn is a coin I love fundamentally, can't wait to see what happens when we have the halving, in a few years.
RVN/BTC topped exactly on target, now? RavenCoin support zonesRVN topped exactly as plotted in this Idea (click) .
It has pulled back sharply but may be near support.
Plotted here are 2 zones to look for possible bounce.
340-345 sats might bounce but is looking unlikely.
334-336 sats is the Ideal zone to start next leg up.
320 sats is Bull's Last Stand before downtrend resumes.
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See some of my other plots and trade calls below.
I also plot Forex and Stocks, take a look at my profile page .
Currently in Play:
LTC bottom at $65?
Alt Extinction Event?
Recent Achievements:
RVN temp top 415 (perfect Target, saved profits)
ADA breakout (PERFECT targets, massive profits)
BTC to 14k call (Near Perfect target, easy trade)
BTC bottom 3.1k (caught the EXACT bottom)
LINK re-entry (caught the spike)
LTC to $150 call (near perfect plot)
MATIC top Warning (caught the EXACT top)
NEO Rocket Launch (great entry, massive profits)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
FET top warning (EXACTLY on time)
DASH top warning (EXACTLY on time)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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$RVN, ~350sats support level showing some signals of hodling $RVN
Looking at ~350sats support level showing some signals of hodling here.
RSI & MACD bullish divergences on the 2H chart
Volume still at high levels in Binance (+350 last 24hs)
UCTS Buy signal still active on the 12H chart
Aiming for a bounce to 400sats as 1st target
#RVN