Hello everybody
According to the chart you can see the price want to drop more , we have 2 scenario for this movement of price
1st : After rally finished we need ABC of elliott and according to that we completed AB of correction and we are in Wave C and it can drop more to prz level
2nd : The Correction was finished and now we made wave 1 and we are in...
💎Technical Analysis Summary💎
BINANCE: RVNBTC
-Ravencoin is on a strong downtrend movement for the past months
-At the moment, the price has reached the 1.618 Fib reverse support
-It might be a good buy zone for long term investors
-But for traders who are just looking for a swing position
-They wait for proper confirmation or Bullish signs
A big Thanks for...
RVN/USDT
-pattern breakout
-the indicator flashes a Long signal
-trade priority is up
-new immediate support at 0.020
-upside potential is up to 0.029
-key stoploss is below 0.019
RVN/BTC
RVN broke yearly long key support area at 270 sat level with this, a new market structure is going to be re-established.
The bullish side here is RVN is going to respect this huge descending channel which by technical should break to the upside in the future.
It is a long way to go as the market is full of fear and blood in the street.
But this is a...
