filipbronola

Potential for developing an inverse h&s

Long
BINANCE:RVNBTC   Ravencoin / Bitcoin
Here we can see hidden bullish divergence on the macd, macd histogram, and RSI. If the right shoulder forms completely and the price action breaks above the descending resistance of the larger wedge formation, we could see the price hit around 250 sats prior to pushing any higher. Targets for any mid term trades are still much greater than 255 sats however, especially considering the momentum that could ensue from the wedge breaking out.
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