Royal1k

RVN/BTC Retrace into Final Impulse and Breakout to ATH

BITTREX:RVNBTC   RavenCoin / Bitcoin
Ravencoin has create many "community members" through the first two impulse waves, leading to sharp retraces back to 88.6% Fib levels. This fractal first played out in late '18 and resumes its pattern with a retrace towards the 416 sat level. Accumulating anywhere between 78.6% and 88.6% fib levels has proven to pay off and will be target buy zone anywhere from 400-500 sats . Patience pays as final impulse wave will lead price breakout to ATH and target zone around 2500 sats .
Trade active: Bitcoin rally has bled nearly all alts to seasonal or all-time lows. As a result, $RVN has now entered accumulation range and should see some consolidation at support nearing 416 sat. If this level breaks down, expect further consolidation towards 350 sat level.
Bullish divergence appearing in MACD and RSI. Watch for volume to break out over 200M on the daily.
Pro Tip: Buy Green Box. Sell Red Box #Ravencoin

Comments

Bitcoin rally has bled nearly all alts to seasonal or all-time lows. As a result, $RVN has now entered accumulation range and should see some consolidation at support nearing 416 sat. If this level breaks down, expect further consolidation towards 350 sat level.
Bullish divergence appearing in MACD and RSI. Watch for volume to break out over 200M on the daily.
Pro Tip: Buy Green Box. Sell Red Box #Ravencoin
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