Simple and straightforward setup for monthly chart of Ravencoin on BTC pair: 5-year downtrend about to be broken.
we will probably see some form of a retest / consolidation before the moonshot, so now is the time to accumulate.
Aiming at 388 / 528 sats as targets.
Potentially, because the higher low is not yet confirmed...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful day.
Here we have another pair that is looking good —RVNBTC.
➖ We are seeing the confirmation of a long-term higher low: January 2024 vs January 2021.
➖ We also have the classic and very strong falling wedge...
Jan 2021 lows have been taken out, with a swing failure pattern forming on the monthly. If the March candle can close like this in a couple of days, I anticipate the beginning of a long period of RVN outperforming BTC.
Let's get it.
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Ravencoin is a blockchain and cryptocurrency that aims to facilitate the transfer of assets from one party to another. It was launched in January 2018 and was designed to enable the creation and transfer of real-world assets, such as tokens representing physical or digital goods, in a secure and decentralized manner. Its protocol is based on a fork of the Bitcoin...
◳◱ On the $RVN/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.00000053 | 0.00000057 | 0.00000065 and support near 0.00000045 | 0.00000041 | 0.00000033. Entering trades at 0.00000045 could be strategic, aiming for the next resistance level.
◰◲ General info :
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RavenCoin vs Bitcoin (RVNBTC) produced a bullish wave in 2022 that went from early June through mid September, lasting 94 days.
After the peak in September we only had a minor upwards correction in Jan/Feb 2023 and the rest has been a strong bearish trend.
This downtrend is now reaching its end and RavenCoin is about to produce its first major bullish wave since...
Patience is key.
Some are winners but others are losers.
Keep the losers small while trying to make the winners big, that's a sure way to win.
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ENTRY: 0.00000055 - 0.00000060
TP1: 0.00000064
TP2: 0.00000071
TP3: 0.00000083
TP4: 0.00000091
TP5: 0.00000101
TP6: 0.00000117
TP7: 0.00000130
TP8: 0.00000148
STOP: Close daily below...
Price action is trading above the mean and now testing it's previous resistance turned support.
I would say that there is a good probability of rejection to the upside.
RVN/BTC has been moving in a Zig Zag formation with three legs labeled as abc. Currently, the price is approaching the demand zone at 0.00000080BTC, where we expect it to form a double bottom and bounce up.
The immediate demand zone is a key support level that has held in the past, so it's likely that buyers will step in again at this level. Our target for this...
RavenCoin (RVNBTC) has been rising on a long-term basis... Check the "long-term support".
After the 26-Dec. bullish hammer candlestick, we've been having an accumulation phase that is sure to shoot prices up.
We have 4 weeks closing green, consecutive, as prices move and close above EMA10.
The short-term chart looks even better.
RVNBTC can produce easily 100%...
On bullish cycles corrections tend to last between 2-3 months.
Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).
Yesterday a low was hit with bullish divergence on the RSI.
It is early to say that a low is in but today's bullish action is really strong and a...
Hey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN).
Recently we caught a nice trade of RVN as below:
Now on a 4hr time frame, RVN has formed a bullish Gartley pattern with Bitcoin pair.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Hey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN).
Previously I shared a long-term trade setup for RVN, which is still in play as below:
Now on a 4-hr time frame, RVN has formed a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't...
Ravencoin (RVNBTC) is showing some bottom and recovery signals but first, let's look at the long-term chart.
Chart:
We can see a 1330% potential from the current price to the All-Time High, but we are more conservative and we target smaller waves.
Let's zoom in... RVNBTC Weekly
Here I am focusing on the higher low long-term.
We have date since late 2020 all...
RVN broke down from 143 sats level which was its horizontal support and 0.786 fib level.
It has retested this level and is about to go down in the coming weeks.
This has massive potential after ETH 2.0 because miners will shift to rvn because eth will no longer remain mineable which will increase ravencoin's price.
Buyers can look to buy at the supports...
RVN showed me huge and giant bullish divergence and massive buy orders , the BTC Pair is best for grow your BTC balance during Market Crash .
Have a nice Day....
Targets and other informations are on Chart .
