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EuroMotif
Aug 23, 2019 9:46 PM

RVN/BTC headed 414-417 sats for bounce? Raven move near a top? 

Ravencoin / BitcoinBinance

Description

Raven coin has been on the move with eager bounce.
Quick plot here that indicates a possible interim Top.
Reaction at blue Band 4 and possible dip will be telling.

We could be entering a Buy-The-Dip era for RVN here.
Retrace from Band 4 to 2 (2.618 or 2.236) is common.
Maximum bullish retrace would be to the 1.236, no lower.



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Comment

Target hit EXACTLY and pulled back
the pullback is still quite bullish with only a one-band drop. It could come back another band yet (to the 2.618 or 2.236) and still be bullish!

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