mlotis

RVN Descending Wedge

Long
mlotis Updated   
BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN is at the bottom of the descending wedge, it should at least recover to the top around 320 sat. RSI and Stoch indicate we're extremely oversold and hitting a double bottom here from when it was listed on Binance where it pumped 5x
Comment:
Target reached 320 sat
Comment:
13% profit
Trade active:
Buying in as we approach the upper limit of the descending wedge, high R/R. Lower risk would be to wait for the break of the upper limit
Trade active:
Each Fib is a target, first target 342 sat, second target is 400 sat
Trade active:
Crossing upper limit, BULLISH
Trade closed: target reached:
2x profit

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