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ChartJester
May 12, 2019 8:06 AM

RVN approaching potential buy zone 

Ravencoin / BitcoinBinance

Description

Raven coin passed the 61.8%
Next stop is approaching the 78.6% retracement zone

Buy zone:
.00000585-.00000525
Stop Loss:
.00000500

Target:
.00001000

Potential Stop:

.00000820

If stopped out, then another opportunity presents itself at the 88.6% retracement zone(.00000440)

This is for RVN/BTC pair on Binance



Comment

getting close to the buy zone

Comment

Small correction at .00000591 but not a strong bounce. Looks likes it may drop a little more

Comment

Hit the top of the buy zone. May be time to start accumulating

Trade active

Bounced off the buy zone, can still accumulate. Although other coins seem much more attractive at the moment. Would be a good buy if Big Daddy Bitcoin decides he's done killing the short sellers. Not popular, but RVN seems to be one of the few tokens that have a mind of its own

If btc dumps, I expect this token to weather the storm CAW CAW!
Comments
Saphiretr
which formation is this? Bat?
ChartJester
@Saphiretr, a gnartley but the main focus is the 78.6% retracement from the previous high
ChartJester
@ChartJester, *gartley
Saphiretr
@ChartJester, seems to me bat formation.
Saphiretr
@Saphiretr,
- B is in between 38.20-50
- C is in between 38.2-88.6
- D point under 161.8 and looking for a place up 261.8
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