Analysis for the cryptocurrency Ravencoin (RVN) and how it is expected to dip to around 11 cents before taking off.
Make sure you stock up on whatever currency you're trading it BINANCE:RVNUSDT against before it doesn't come back down :)
Daily Charts: #RVNBNB & #RVNBTC, the same market structure.
Keep an eye on $BNB (#BNBUSDT) (might go into correction this next few days) and $BTC (still lots of sideways stuff).
Daily Chart: 7 EMA (or 10 MA) crossing the 20 MA, wait for confirmation, be patient = BULLISH!!
There is a lot of risk in trading this small cap coins as the can be easily manipulated or die.
To me this small candle might mean the selling is done so bears are failing to take the price further to the down side or it can mean an indecision at this point
if the base is broken there is a possibility for the price to go down another 20% or more if this happen...