RVNUSDT trade ideas
RVN Fly Up HighIts been quite awhile we have been consolidating almost 2 months. Last pump lasted until Feb21 which was BTCs MOST DIFFICULT resistance line to break this past month. I just see a trend of make a flag breakout, make another flag breakout. Maybe 3rd times a charm and we make a flag and explode. Always stay in control of your assets. Set stop losses or HODL whichever is your take. I been mining this coin off my gaming pc recently so just quietly stacking. Not advise just my opinion. We are just riding along the 200 EMA on the 4hr most times it seems to cross we get a pump.
🔥 RVN Potential Triangle Break OutAfter seeing amazing returns in February, RVN has consolidating for almost two months, of which a month in the current triangle. Big gains were made by other cryptos, but not by RVN. Since cryptos see gains in waves, I'm assuming that soon it will be Raven's time to shine.
On the chart I've drawn a triangle, classically a bearish triangle. However, in the last couple of months we've seen virtually every bearish triangle develop into a bullish trend. So I'm assuming no different for RVN this time.
In order to trade this, wait patiently for a strong break out.
Happy trading!
Ravencoin price action RVNUSDTAlmost 2 months ago, ravencoin achieved ATH at a price of $ 0.29. This was followed by a large correction of 60% to a price of $ 0.12. The correction stopped at 0.786 Fibonacci retricement level and then accumulation occurred and a triangle was formed. We are at a time when we can expect the resulting triangle to be broken. Taking into account other indicators (RSI is at a normal level) and that we are in a bull market, I expect a price increase.
Ravencoin / TethersUS Plan 120Hey tradingview community, Ravencoin / TethersUS is in a bullish push in a symmetrical triangle with higher and higher lows and a sharp reduction in trade volume. The RSI is below 50.00 which is an under-selling area so the market remains in its selling momentum with a MACD below zero. Strong potential for the breakout triangle to regain the last peak in this figure unless buyers return to the market on a new offer. We will have a point (E) at the optimal exit on the ELLIOTT wave as confirmation and return of smart money.
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