RVNUSD
As you can see in the chart, Raven Coin has resumes it’s uptrend in a big way this week, climbing above the previous three weeks highs after a prolong decline.
Also the MACD indicator is about to give us a buy signal in the weekly chart which is very bullish.
Raven Coin is no small project, it is the top 35 coin in CoinMarket Cap, with a MarketCap of $175 million dollars. coinmarketcap.com/currencies/ravencoin/
The coin just start trading in March of 2018.
In Elliott Wave terms, we have already finish Primary Wave 1 and Primary Wave 2 (which was an expanded flat), and had just started Primary Wave 3 just 3 weeks ago. The price target of Primary Wave 3 is $0.13 USD or higher, which is about 3.4 times the current price, and about 1.618% the size of Primary Wave 1. If I’m right we should hit that target within a month or so.
If we go below $0.0238 the pattern will be invalidated, so you can use that as a stop.
I also like this coin because it has proven that it can climb high even if Bitcoin and other cryptocurrencies don’t.
Good luck in your decisions
Trade closed manually:
It is moving against me now. I’m out for now, but will buy it again if it climbs above $0.04 USD or at lower prices. Money management first. Out for now.