Bear with me but I don't think I need to do much explaining on this as the chart explains itself for the most part. This coin will depend on the success of BTC, since BTC is doing good and trading above the 30 week MA it's a good sign for the altcoins. I included related ideas below. All hell should break loose in RVN and ENJ simply due to the psychology behind...
Looking at $RVN Ravencoin on the 12H timeframe
Again just like most to all other altcoins, Ravencoin has been in accumulation from March-May as we see price trending between 207-239. Anywhere in this green zone is great accumulation, especially if you analyzed this move an bought below 207
Right now short-term looks like it's holding this downtrend it just...
RVNBTC is on a Falling Wedge similar to the one from November 2018 to February 2019. The price just broke above the Lower High trend-line of the pattern and this may kick-start a rally similar to that of March 2019. However this will be confirmed only if the Resistance levels break. Either buy now with the SL on the May low or wait for a Resistance break.
Currently, RVN is looking preety to jump any time. A large number of day was a falling wedge of RVN. We saw a great cup and handle and break the immideate falling wedge resistence. Now Its time for accumulation.
Target on this chart is for long.
You can accumulate 3 times.
1. 212 - 216 for holding
2. 209 for short
3. 241 for confirmed the rally and long.
#RVNBTC Profi update:
Current price of RVNBTC is 219 Satoshi.
#RVN is Now again drop at my entry Level.
and my entry was 220 Satoshi as I told you in our last post this is GEM. and its Pumped upto 20% and I also told you that time Short term trader you can take profit. if any drop dont regret,
Still I am waiting for big move.
I will buy more if more...
IT'S BEEN MOVING IN A DESCENDING CHANNEL, HAS BROKEN IMMEDIATE RESISTANCE AFTER FORMING A BULLISH CRAB PATTERN AND TAKING THE BULLISH DIVERGENCE. TOP OF THE CHANNEL HAS ABOUT 70% POTENTIAL CURRENTLY BUT THERE IS RESISTANCE ALONG THE WAY. IF WE ARE ABLE TO BREAK ABOVE THE CHANNEL, I EXPECT THE RALLY TO CONTINUE FOR A TOTAL OF ABOUT 160%.
I AM NOT A FINANCIAL...
Ravencoin is facing strong support right now, we can expect a good bounce towards mid-line soon.
Accumulation is about to end after almost a year ranging, better be prepared!
Buy Entry= 0.00000198 - 0.00000188
Take Profit= 0.00000224 | 0.00000242 | 0.00000273
Stop Loss= 0.00000162
Risk/Reward= 1:1 | 1:1.58 | 1:2.58
Expected Profit= 16.06% | 25.39% | 41.45%...
Hello guys welcome to this update.
BTC has been doing amazing lately and so are the alts.
RVN had a nice surge after it touvhed the 208 level.
I am expecting it to retrace a bit and than continue it's runup.
Here's the simple setup:
ENTRY: 235 TO 239
Target: 15% +
Stop Loss: 225
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