Is RVN forming a Bat Pattern?Hi,
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 Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
Rvnlong
RVN LONG$RVN
The trend is strong; the $BTC dump did shit to stop it. I'm pretty certain this one is heading to test R1, maybe R2 if the impulse move is strong enough, either way I'd make sure to take profit along the way. Caw.
RVN LONG$RVN
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.
Rvn LongRvn just completed the third wave and also completed a break out and currently retesting, longing this level could be interesting.
RVN LONG- Entry : none
- Target : 1341
- Stop loss : 589
- Risk/reward ratio : 2.88 (if entry @ 783)
RAVEN in Elliott wave 3??After Raven made new highs, I was expecting it would retest that previous resistance.
Right now it seems like RVN is not stopping yet, and could possibly be in wave 3 of the Elliott Wave theory.
RVN could see more highsRVN
We could see RVN push higher if the curve is respected. I have already taken profit and will sit on the sideline for this one as it is too pumped for my liking.
RVNbuy:
281~294
target 1 :
290
target 2 :
297
target 3:
302
target 4 :
307
target 5 :
314
target 6:
323
target 7 :
334
target 8 :
348
stop : 270
RVN/BTC FALLING WEDGE?Good morning! RVN has been a coin i have been keeping my eye on for a while. Price action is very much slow and little volatility going for it, maybe because we are at the end of the falling wedge that has been forming?
To be a valid, both the resistance and the support line need to have a “steep” down slope. The price should be narrowing into a tight range.
The pattern ends often with a strong breakout. Be aware though that the support and resistance won’t always meet before the breakout takes place.
The continuation falling wedge is similar in shape to the pennant. Unlike a pennant, the wedge doesn’t need to exist on a flagpole. By convention shorter duration wedge patterns are usually classed pennants rather than wedges. The “falling” pennant and the falling wedge are traded the same – as buy signals.
If the falling wedge scenario does play out to the upside, i have set 3 targets for myself and to anyone interested in this coin. Price volatility for this coin could come soon, or, it will slowly rise in price as BTC moves sideways. I could be wrong, but i have a bullish feel about this project.
Stochastic RSI on the daily is showing that it has room to push upwards, that is if, BTC doesn't ruin the party. Set stop losses at the risk you're willing to take.
Have a good Thursday and a good day! Trade safe!
Target 1: 544 - 570
Target 2: 625 - 651
Target 3: 793 - 813
