blockchaintrends

RVN break ascending triangle ?

Long
BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN break up dowtrend channel at 320 sats. RVN forms ascending traingle and breaking up. RVN price closed above EMA 21,50,100,200 strong uptrend. Next resistance at 460 sats. RVN current broke horizontal resistance at 400 sats. RVN was farmed support at 360 sats.
Current trading range between 400 and 480 sats. RVN testing 1.618 fibs level at 462 sats.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Which is very Bullish sign.
Pattern: 1 Break up downtrend channel 2 break up ascending triangle.
S/R: Support at 360 sats, Resistance 462.

Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.