EuroMotif

RVN/BTC topped exactly on target, now? RavenCoin support zones

BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN topped exactly as plotted in this Idea (click).
It has pulled back sharply but may be near support.
Plotted here are 2 zones to look for possible bounce.

340-345 sats might bounce but is looking unlikely.
334-336 sats is the Ideal zone to start next leg up.
320 sats is Bull's Last Stand before downtrend resumes.


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Aug 28
Comment: Here we are at the first possible bounce zone There is already a clear reaction. We need to see a higher high on the 5min or 15 min candles, to indicate a possible buy entry. But the way it fell into this zone, I think it may well go the next zone below.

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Aug 31
Comment: As mentioned in last post above, the deeper support zone was hit and got a decent bounce. but of course now we have the old-support-becomes-resistance in play. Also it is a Holiday weekend in USA currently, so expecting it to hover within the two Green Zones for a couple of days. Breakout to either side could accelerate.

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Related Ideas

Hi friend, please update RVN. Thank you!
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