The price is above 200 MA and can reach previous high above it.
EMA indicator also bullish.
Entering the market from around 0.0148 price level with S/L below 0.012 and 0.0283 T/P provides decent R:R.
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RVN/BTC important Support Level Reversal that held the price every time, we don't have much to analyze on this chart but we can say that everytimes the price reverted on this Support we have a big uptrend moviment.
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RVN on Support - This trade drove home the importance of getting a GREAT entry vs an immediate fill. When I first looked at this, price was sitting @ 300 sats but I saw near-term support on the 4hr extended down to .000002960. I decided "I need a clean entry more than I need a quick one!" This morning when I woke up I was in @ 2960! With the market a little unsure...
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...
Current price 390 Satoshi
#RVN After Retest Again try to another breakout upward.
If we successfully close above 410 then we can see next Target would be 590 satoshi.
Support: 350 Sat
Resistance: 590/895/1074 Sat
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our Entry was around 320 Sat.
#RVN Filled our buy Bid and Now 7% up
Waiting for Our Target.
Resistance : 590/895/1074 Sat
Support: 313/289 Sat
SL; 299 Satoshi
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Altcoin season is in full swing and I believe RavenCoin is one of the crypto projects that will benefit greatly from this uptrend. Developers are continuing to work on and improve the project with the latest update to the blockchain on Feb. 7th.
#RVN/BTC Bullish Breakout Chart:
#RVN now bullish mode.
Entry: 320-340 Sat
Targets: Given in Chart
SL: 299 Sat
try to Catch around 320 Sat
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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).