Spotted potential Bullish BAT formation on RVNBTC and with this pattern we could see a 5waves down to where we have our Long zone.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Possible Support LEVEL
Do know that I appreciate your effort and the time...
After an incredible run of more than 500% between Feb 24 and Mar 27, Ravencoin (RVN) has cooled off considerably. But once we're sure the top is in, we have a good chance to get the fib layout right. Switch to 2hr chart, click on the Fib Retracement tool and plot your lines from the lowest point, to the highest point. This sets up our fib lines. From a personal...
Raven coin passed the 61.8%
Next stop is approaching the 78.6% retracement zone
If stopped out, then another opportunity presents itself at the 88.6% retracement zone(.00000440)
This is for RVN/BTC pair on Binance
Ravencoin (RVNBTC) found support at the 0.786 Fib. retracement level of the last bullish wave. This support level also coincides with MA200 and EMA200.
Ravencoin can bounce here and move up before any further correction.
For additional bullish action, it would be a good signal to close above EMA10 (0.00000715) and see additional volume. We will have another...
DONT BUY MORE THAN 10% OF YOUR CAPITAL !!!...
AND ALWAYS RESPECT THE STOPLOSS...
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IF THERE IS ANY CHANGE I WILL UPDATE THIS POST!
According previous moves of that little boy : Golden cross, +340%, followed by a death cross, -60% : then golden cross +420% , followed by a death cross retracing at -68%
We can see that MA50 acts as a resistance when RVN is bearish and acts as a strong support when RVN is bullish .
Since a few days, we are back upper the MA50 which could be a decent buying...
Slight adjustments were made to this chart that I had previously published. However the point remains the same and thus nothing changes but a few minor adjustments were made as explained below.
I noticed after the fact that I was missing the first wave correction fib. Also noticed that my fibs moved slightly, must of bumped clicked and they moved...
RVN beeing one of my favortie coins, I'll share with you this opportunity based on FA.
Next Ravencoin event is 19 Jun — Meetup in Amsterdam. As you can check on the chart, previous RVN have made quite an effect on its price, with announcements and future features beeing well received by the RVN strong community.
SO here is my setup :