RVN Ravencoin.. down... but NOT OUT!!!RVN Ravencoin is one of my new favorite coins. Current resistance is still .125. Now support has dropped to the .1 area. Be careful with this one scalpers. Long holders just enjoy your ride. This consolidation point has formed right on the uptrend line. I am sure it fell down here cause of BTC.. While the uptrend line was pierced, we are still on that line... so long as it doesnt fall further we are safe from a full reversal. Keep an eye on it!
RVNUSDT trade ideas
🔥 RVN Volatility Incoming: 10-Month Wedge Break OutOver the past 10 months or so, RVN has formed a huge pennant. With the price slowly creeping up on the wedge's bottom trend line, we could see some strong volatility in the short-term.
Seeing the state of the market, I'm expecting a bullish break out, maybe as soon as in the coming week.
Wait for a confident break out of the pattern, ideally with a strong green daily candle.
Targets are placed at $0.17 and $0.20.
Happy trading!
RVN Ravencoin has a bright future! 3 Major rez lines coming!RVN Ravencoin is on a solid uptrend. It was able to pierce but not break recent resistance at .125. There is a wind up coming in a flat top triangle real soon. Could produce breakouts.. Def on the watch-list! The other major area/areas of resistance is actually a beefy one. This is because 2 previous peaks are so close together, the entire area of '.175 - .180' is actually the major resistance ZONE
RVNWhat's up guys!
Ravecoin looking nice as price has been in a downtrend and currently hovering around a major support area, I'm currently looking for buy setups
I can also observe the way price is rejecting the trendline and the more it does the trendline gets weaker , a presence of MACD divergence with price
Currently waiting for the break of the trend line with momentum candle and a retest for a more conservative entry , what do you guys think ?
🆓Ravencoin (RVN) Oct-8 #RVN $RVNRVN has an important support at 0.11$ zone, if it doesn't lose this zone, it will move towards 0.13$, 0.15$ and 0.18$ zones. But if it loses this 0.11$ zone, it will fall down sharply to 0.1$ and 0.085$ zones
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.11$ zone
🔴Buy : 0.11
🔴Sell : 0.13 - 0.15 - 0.18
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.11$ zone
🔵Sell : 0.11
🔵Buy : 0.1 - 0.085
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
RVNUSDT - BIG BREAKOUT COMINGRVN has broke above the neckline of this large inverted head and shoulders formation on the daily timeframe, its only a matter of time before we break above the downtrend resistance the market has been facing since may. Good entry would be on the retest of the neckline support if we see the correct confirmations.