kyer
Long

$RVN Good Entry Along Accumulation

BINANCE:RVNBTC   Ravencoin / Bitcoin
  • Looking at $RVN Ravencoin on the 12H timeframe

  • Again just like most to all other altcoins, Ravencoin has been in accumulation from March-May as we see price trending between 207-239. Anywhere in this green zone is great accumulation, especially if you analyzed this move an bought below 207

  • Right now short-term looks like it's holding this downtrend it just broke out of, and could hit 207 sats

  • Anyways, once the coin breaks above 239 sats the 1st target is 299 sats because the only other level is 273 which has already been 1st touched and isn't much of a resistance anymore

  • 2nd distribution zone is way out there, I do not expect that to hit anytime soon, kinda just put that on my chart for the aesthetic to be honest.

  • Please be patient with this coin my 1st entry on this coin was 299 sats with a tight SL because I thought it was accumulating there, turns out that accumulation zone was along this known distribution target

  • I trade completely based off technicals, I have ZERO idea what Ravencoin even does or the supply cap or anything about it . I only know it's got a cool looking logo and currently in accumulation about to pop off

  • Can't be asked to do the fundamental research on all these altcoins, it's a headache

Comments

Is this serious?
+1 Reply
kyer sasa024
@sasa024, no i'm joking
Reply
@kyer, I know :-D
Reply
@kyer, Now I see it was a joke
Reply
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