Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 587 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
The Ravencoin (RVNUSD) is having an impressive first half into September as it held the 1D MA100 (green trend-line) as Support and rose aggressively above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) to hit the Red Trend-line and the top (Lower Highs) trend-line of the long-term Channel Down pattern, as we illustrated on our previous...
Ravencoin (RVNUSD) has seen a very strong and rapid growth in the past 3 days after rebounding on the 1D MA50 (blue trend-line) and is now very close to the 1D MA200 (orange trend-line). The last rise of such magnitude has been from July 30 to August 11 2021.
RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June...
88% down from ATH
378 Days falling wedge break
BTC dominance dumping lots of alts already 3x to 5x
Sleeping from long time huge accumulation going on
270 Sat is key resistance if we break that targets are on chart.
Make it Crow
Team James
RVN/BTC
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...
