RVNUSD trade ideas
The Party Is On If We Break This Fib LevelThis is definitely a dangerous time to be investing in the markets (chart showing why linked below), but with the stability Raven coin has shown with this last market correction im actually quite bullish in the short term.
Do your own Due diligence before investing of course, as this could have a correction back down to the last fib level and continue ranging for some time.
I have no real target for this move, but a return to the (Golden Zone) lower red fib .382, yellow fib .5, upper red fib .618 is my expectation if we do end up breaking out here.
As always DYOR and safe trading.
Ravencoin Ravencoin looks primed for a breakout here in my opinion.
Bollingar Bands are tightening and when on a weekly time frame this could indicate a huge move incoming.
The RSI has been forming a bullish divergence for weeks/months now and it has begun to breakout. Not only do we have these two indicators to make think we are going for a breakout but we also have just broken a very strong weekly resistance, all we need now is a close and open above it and we will run nicely hopefully breaking a few more along the way.
As we look further down the track I think 0.03 will be wiped out pretty quickly as more people try to fomo into Ravencoin, especially with all the defi hype at the moment I have no doubt we are going to head a lot higher soon.
RVN/USD- Upcoming Breakout? Ravencoin approaching some important levels.
One to keep an eye on.
Potential to be rejected from current and create a better entry at support but still not overly interested here until I see a break above desired levels.
(I'll be looking for a break, or break retest for entry)
As always, not financial advice, just some thoughts and TA.
Bingaz
RVNUSD - tendency down. reason - fake breakout to the upside.Hi Friends,
RVNUSD has made a fake-breakout to the upside, currently sitting on a strong support.
However, a break below and retest of the zone would indicate a bearish progression.
Be flexible and know your set-ups.
I will consider investing if RVNUSD at levels around 1.2-0.8 cents , given market environment and fundamentals align
Comments, likes are appreciated.
RVN/USD STRONG BULLISH REVERSAL There may be a strong bullish reversal after the price confirms closing over the ichimoku cloud. Also, we can a appreciate a clear divergance on the rsi on the 1 hour chart as well as a cross between the conversion and base line. So everything is good to go Long, let's see what happens ...