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
SELL TARGETS
Do know that I appreciate your effort and the time...
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...
Information obtained from Investopedia:
What Is A Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend...
RVN
Caw caw. Nice breakout, good volume behind today's candle, however it's still too early to call it a trend reversal. R1 is the target in this bullish scenario.
If I were looking to long, I'd check green box. If it breaks and closes the 1H below green box, I'd consider cutting position.
$RVN Found support at ~640sats & its starting to show some bounce signals as the market starts to recover...
UCTS flashing a buy signal on the 6H chart
MACD about to bullcross & RSI coming out from oversold levels
Volume rising
Let see how it reacts to 900sats resistance...
#RVN
RVN look good for accumulation at thie current zone as the coin preparing for breakout from the falling wedge pattern.
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
SELL TARGETS
Do know that I appreciate you taking the time to read my posts...
When I look for targets for most of my trades, I focus on the last peak or all-time high, so the earnings potential are almost always capped at the last ATH. Ravencoin (RVNBTC) broke its all-time high and can go even higher on a fifth wave.
I keep mentioning that just as new lows can be created (just like it happened throughout the recent bear market), new highs...
Raven coin passed the 61.8%
Next stop is approaching the 78.6% retracement zone
Buy zone:
.00000585-.00000525
Stop Loss:
.00000500
Target:
.00001000
Potential Stop:
.00000820
If stopped out, then another opportunity presents itself at the 88.6% retracement zone(.00000440)
This is for RVN/BTC pair on Binance
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