Instead of the chart analysis let's proceed with a trade signal...
Ravencoin is getting ready to move with massive profits potential.
Here are the details...
Enjoy the profits.
Pair: Ravencoin (RVNBTC)
BUY: 0.00000330 - 0.00000360
Priceline of Ravencoin / Bictoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000429 to 0.00000420
Sell between: 0.00000437 to 0.00000455
Atif Akbar (moon333)
Pattern: Channel Up on 1D.
Signal: Bullish due to the RSI divergence, and the fact that the price has completed the most days trading above the 1D MA50 since April.
Target: 0.00000600 (expected contact with the 1D MA200).
Retested ~400 sats level and seems to be hodling/flipping it on the 12H chart into support
If continuation happens from here (volume!), then we should aim for a new leg up with target at ~500 sats
UCTS Buy signal active on the 1D & lower TFs
SL under support
Time will only tell, but as you can see, we have a repeating fractal pattern very similar to the previous pumps, and alignment with the Bitcoin price that could easily see us with a 250% move.
The descending wedge here also lead us down to around 280 satoshis, so we are not technically near the end of this triangle, but we are at a critical point with two top down...
Ravencoin has a fairly predictable pattern of creating sharp falling wedge and then breaking out of them violently. There was even another one that is not reflected on this graph as it happened before the coin was added to Binance.
I don't have time for a very long analysis but as a long time miner and holder of RVN it seems from my experience we are due for a...