eneakume

Ravencoin - The legendary altcoin setup

Long
BINANCE:RVNBTC   Ravencoin / Bitcoin
Bear with me but I don't think I need to do much explaining on this as the chart explains itself for the most part. This coin will depend on the success of BTC, since BTC is doing good and trading above the 30 week MA it's a good sign for the altcoins. I included related ideas below. All hell should break loose in RVN and ENJ simply due to the psychology behind the big boomy trends. It appears like these 2 altcoins created a massive impulse wave followed by a stable support and there is a lot of room to play catchup now towards the upside. The MACD gave a buy signal on the weekly and it's trading close to the 30 week MA(Some people like to use the 200 day MA instead of 30 week MA, they're very similar) Don't overthink it, news means nothing on altcoins. The altcoin market WILL continue to go up and RVN will soon be in the top 15.
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