RVN has been on a downtrend for over 2 weeks and has broken the resistance on 2hr and LTF. The trend change means this long could be quite lucrative as RVN held the support despite the RavenCoin attack news recently as the Developers have been quick in acknowledging the vulnerability and reacting quickly to the event. Ravencoin has a strong community and despite...
RVN is still left behind while most other coins are pumping up. This is a bad sign in an uptrend because there will always be coins that never pump in Altcoin season but only suddenly pump in an unclear trend.
RVN can go up to 230-250sts and even 280sts
However, always be ready for a stoploss below 195sts
After we break this former important support level (now resistance) we seem to be inside a downtrend channel or some accumulation pattern.
The chart tells us ii is more likely the downtrend continues.
But if we break the resistance of this channel, the chart will look bullish in the short term and the bulls can take control of the price to test the...
#RVNBTC Profi update:
Current price of RVNBTC is 256 Satoshi.
#RVN now 16% up from our entry.
Our entry was 220 Satoshi as I told you in our last post this is GEM.
Still I am waiting for big move.
I can expect we can easily see 340 Satoshi within few days.
So guys I am Holding and if You short term players then You can book profit because 16% within few days...
#RVNBTC Profit Update:
now current Price is 242 Satoshi and went up to 247 Satoshi.
#RVN 12% up from our Entry within 14 Hours.
Still I am holding for good Profit.
My eyes on chart and I am waiting for 340 sAtoshi.
I am Waiting for R1 Breakout and after I can expect 340 Sat.
if 270 Satoshi resistance break upward then we can see next stop would be 340 sAtoshi...
My view of this situation. You may have noticed a similar scenario, now the scale is larger.
1) look at the big red circles that I noted. They completely repeat each other.
(You can’t immediately say that they repeat each other, but because of interest in purchases, the time frame is different, so the schedule for the second circul is...
RVN has shown major strength at its current support. After recently bouncing off the 290 support range, the 100MA has held as a short term support. A scam wick was quickly eaten up upon entering this point near 315 sats. I expect the 200MA now to be broken within the days to come, followed by a spike up to T1 at 370 sats. This will show the bullish...
RVN broke a key support area at 292 sats which invalidated the current market structure.
By breaking key support levels especially if the area of confluence that acted as strong support for many months.
This signal a strong bearish momentum resulting in another market structure to be developed again for the next 1-2 months.
The RSI hasn't reached...
RVN is trapped inside this channel where the price is just bouncing from top to bottom and from bottom to top.
The key support area has been tested more than 4 times already and it is not good from my perspective viewpoint.
I am more on the bearish side since the price is much closer breaking bearish rather than going bullish.
At any point the price...
Entry : 0.00000322 - 0.00000314 - 0.00000295
Target 1 : 0.00000346
Target 2 : 0.00000373
Target 3 : 0.00000415
Target 4 : 0.00000457
Target 5 : 0.00000560
Stop loss : 0.00000248
Risk/Reward : 17%/90%
Do not hurry to buy, the price may go down to good places
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Currently at resistance (white). As well, we have a diagonal resistance (green) coming up for RVN; personally I think the best long would be to wait for a breakout from that green diagonal and catch the retest (if it allows for it).