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Ravencoin / Bitcoin

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RVNBTC trade ideas

RVN/BTC Retrace into Final Impulse and Breakout to ATHRavencoin has create many "community members" through the first two impulse waves, leading to sharp retraces back to 88.6% Fib levels. This fractal first played out in late '18 and resumes its pattern with a retrace towards the 416 sat level. Accumulating anywhere between 78.6% and 88.6% fib levels has proven to pay off and will be target buy zone anywhere from 400-500 sats. Patience pays as final impulse wave will lead price breakout to ATH and target zone around 2500 sats.
by Royal1k
1
RVNUSD looks for a better support zone. Where are the targets? Hi, In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally. Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market. Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder of the consolidation and the 0.78 line of the small move to the upside which took place after the flat correction of the rally earlier this year. To find out where the price is moving to we simply measure the heights of the consolidation and project it at the place where the breakout occured. The middle line is a target as well as other valid support zones in that area. These are in the first place monthly support zones and fibonacci retracements of the rally as well as the target zones of the consolidation . The intersection between them can give good opportunities to spot opportunities to sell or to buy since they are often the places where reversal or continuation patterns are formed. Before entering a trade wait until the common centre line is broken and check the fundamentals and the market before entering the trade. I advise to use a top-down strategy as well as multiple timeframes to perform well in the markets. If you would like to learn more about technical analyses please check out George Beaulieu on youtube. Thank you very much for reading and f you would like to see more analyses about this particular instrument please give the thumbs up or let me know what you think in the comments below. Be happy and trade with care Heish
Short
by MeruEU
Beware The Exit Of That TriangleThis triangle starts from february and the green line is a huge support. Breaking it would be an insane sell signal. Volatility is compressed between it and the blue line, who started near the ATH. RVN tried to pass over many times but failed many times. Moreover, the dotted black line is an interesting resistance : When the price are over, Ravencoin basically goes moonmode. Bearish : Sell if green line breakouts Bullish : 1. Need to get higher than blue line 2. Also get rid of that dotted black line. Then volatility should come back.
by Seneka_Crypto
RVNBTCRVNBTC Entonnoir : W/D/H4 (swing) Configuration intéressante sur cette paire. Le daily est en train de compresser (jaune) au-dessus du niveau du dernier creux weekly (entouré blanc). Si on a une sortie par le haut, cela validera une incapacité à créer un plus bas en weekly et nous serons donc de retour sur un biais haussier tradable en H4. ————— Funnel : W/D/H4 (swing) Interesting configuration on this pair. The daily is compressing (yellow) right above the level of the last weekly bottom (white circle). If it breaks by the top, this will validate an inability to create a lower bottom on weekly and we will be back on a bullish bias tradable on H4.
by Somstradamus