RAVENCOIN - Using Fibonacci to Map Way to the Moon! 30% MoveFor those who don't know it already, I'm an ardent believer of Fibonacci and Elliott Wave Theory. Constantly honing my knowledge to further understand how these codes are embedded into charts.
Ravencoin looks promising!
A bounce is quickly approaching: 467
Next major resistance @ wave3 (236-fib level): 611 .....30%!
With a pullback to wave4 (382-fib level): 532
Big Resistance @ wave 5: 674 .....25%
RVNBTC trade ideas
RVN – this crazy coin is about to rally. AGAIN.Hi Guys!
We have a nice setup for you today.
Do you remember this crazy coin?
In the middle of the crisis, there was a possibility to gain 600%.
Let’s assume we don’t get so high but we can reach the previous peak.
That is why we wrote a 270 % gain possible.
Last time the rally started RSI broke 58 points.
The current RSI level touched 58.
We think once we cross it for good we will see the rally.
Moreover, when watching at the Weis Waves we can clearly see that there was a rapid decrease in the supply.
All we need is more demand now.
Please mind that there is a holidays season and we may encounter lack of interest (demand) on crypto during August.
Anyway. RVN is cheap now and if not in August it can rally in September.
Thanks for reading and your time.
Hit a like to support.
Massive Hugs!
WBM Team.
Ravencoin Pioneers Moon Travel (Bullish Chart Analysis)Ravencoin (RVNBTC) had a massive bull run earlier this year, which we caught in full. This one generated over 500% profits... It is true, go here and hit play:
Now, the charts are starting to look bullish again and we believe Ravencoin can produce similar gains:
We can see RVNBTC breaking out of a falling wedge, this can translate into massive profits soon.
Trading volume hits new lows, with green/bull volume increasing.
We have a bullish RSI.
MACD is still bearish but leaning towards the bulls.
With our classic signals now in place, we can prepare for what is to come ahead.
You can find our main targets marked with yellow lines on the chart.
Make sure to leave a comment if you have any questions, it will be my pleasure to answer.
Thanks a lot for the support.
This is Alan Masters.
Namaste.
RVNBTC jumps the gun"On your mark! Get set!" ... ... "Hey! I didn't say go yet! Can someone shoot that thing down?"
The bear might miss the shot, and the raven could fly away, but the shot will be taken. Be aware. Markets are brutal . Hidden divergence builds in secret while everyone is staring at the RSI bottom.
RVN RavencoinPrice is above the daily EMAs and I anticipate their crossing.
Indicators are supporting the price movement with no bearish divergence present.
Buying volume came in and created a bullishly divergent low on the daily.
Volume gap above price to 570 area and POC around 700.
Entry is marked: 480. Soft Stop 444. Total account Risk is 0.6% currently, with the option to add to position.
Targets marked (blue). Will update as market moves.
Position is Active.
Long Ravencoin- I am looking for my first targets arond 616 Satoshi-
I entered first at 450 then was stopped out at 2.5% profit this morning while working on the private news letter.
I think we are still going ot see upward momentum. If oyu look at the previous purple bars, the private bear members will have seen the original long term entries we took at the 360 Satoshi area.