RVNUSDT trade ideas
RVNUSDT (RAVENCOIN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- RVNUSDT is printing a falling wedge (FW) pattern.
- A falling wedge pattern is a reversal pattern.
- A bullish pattern to be precise.
- RSI is printing a bullish divergence signal (BDS).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
a very good opportunity to buy lowThe RVN coin is in a very big bull flag look bullish in the very big picture but still consolidating.
currently is in a falling wedge which is a bullish pattern.
I think its going to go down to 0.17 zone before doing another bull run
you can long by buying on the 0.17 support zone
Raven (RVN) Retraced & Ready? 100% - 250% Potential Returns?Thanks again Aymen Krypt for the suggestion
We already have a healthy retracement. We are looking at confirming the 50% fib level at the moment or test and confirm eh 61% fib level. Then we can load up towards our targets. KEep in mind might see resistance at the 38% fib level
rvnusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
RVN/USDT Descending triangleWe can see a descending triangle on 4 hour chart of RVN/USDT (Binance).
DESCENDING TRIANGLE has bearish reversal interpretation.
If it breaks it support line it will breakdown to the marked point.
Red lines represents major resistances while green are showing major supports.
We can clearly see 2 valid taps on resistance line and support line inside the formed triangle.
Dial indicator showing ( Bought indicator ) means that the current volume is at sell signal.