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).
RVN break up dowtrend channel at 320 sats. RVN forms ascending traingle and breaking up. RVN price closed above EMA 21,50,100,200 strong uptrend. Next resistance at 460 sats. RVN current broke horizontal resistance at 400 sats. RVN was farmed support at 360 sats.
Current trading range between 400 and 480 sats. RVN testing 1.618 fibs level at 462 sats.
Time will only tell, but as you can see, we have a repeating fractal pattern very similar to the previous pumps, and alignment with the Bitcoin price that could easily see us with a 250% move.
The descending wedge here also lead us down to around 280 satoshis, so we are not technically near the end of this triangle, but we are at a critical point with two top down...
RVN Coin kafi time se downtrend me tha 28th march 2019 ko 1724 sat ka high lagaya tha uske baad se continute downtrend me tha,
Finally 12 july 2019 ko 339 sat ka low lagaya hai 1h 4h time frame me aap dekhe to falling wedge pattern ka breakout hua hai,
560-575 resistance zone hai agar ise break karta hai to maximum target abhi 716 sat hai,
Now if youve been paying attention to the market then this is a real no brainer at this point, already gave a healthy 20% from previous low and now we're looking for points for potential long opportunities as long as previous support levels hold.
Interested in seeing how this plays out considering RVN has never disappointed us.
Ravencoin is a free and open source project & fairly mined (POW) blockchain. Users can issue and control utility, game & securities digital assets/ tokens. Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. Ravencoin is a protocol based on a fork of the Bitcoin code which adds features...
The trend is strong; the $BTC dump did shit to stop it. I'm pretty certain this one is heading to test R1, maybe R2 if the impulse move is strong enough, either way I'd make sure to take profit along the way. Caw.
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic...
Looking good, cleared that white box resistance I mentioned in my prior analysis, longs looking good. Currently consolidating beneath the POC (highest volume node), so we could see a pullback to white box.
Targets now are R2, R3 once we break yellow to the upside.