Hi every one
no need to say something , chart is speaking it self .
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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
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Hi There !
I don't write bullshits about charts !
I Just see things and Only Try to express what's Coming !
This Time Ravencoin Looks ready than any other to climb back mountain !
Caution : - Risk And Reward !
Happy Trading !
The lowest line drawn has almost 2 years of history behind. If it does touch there it's not crazy or bad. That spot if it drops should be it' s low and catapult of it into December and next year. This for is accumulation phase so don't wait for that as it might not give it. Dollar cost average in. Remember the market follows bitcoin up and down.
After the Bitcoin correction are you accumulating ? RVN has corrected with the market but caught a higher low so far. It has been really testing investors hands and their patience. Any move above the yellow RSI line it's buy and getting above the green trend line shows bullish strength. It should make a higher high on a move above the green RSI trend...
Raven might be slowly inching it's way out of the small descending wedge that it's made... although it's kind of odd. All things aside, RVN is still at a buy level in my opinion. BTC pair reveals this bad boy is in a heavy accumulation phase.
As we can clearly see, RVN has broken above a support/resistance level and is now back testing it. The BTC pair shows a clear descending wedge that has been in the forming for about 450 days... As with all things, what goes up must come down. RVN pumped really quickly to its ATH which has now cost it over a year of descent into low prices. The lack of any deciding...
- This chart took me for surprise.
- I see healthy accumulation happening.
- This is where I believe "smart money" is buying.
- RVN needs big volume in order to happen.
- As far as a use case. I see RVN being a pump and dump.
- I see a bottom that has formed.
This is definitely a dangerous time to be investing in the markets (chart showing why linked below), but with the stability Raven coin has shown with this last market correction im actually quite bullish in the short term.
Do your own Due diligence before investing of course, as this could have a correction back down to the last fib level and continue ranging for...
Ravencoin looks primed for a breakout here in my opinion.
Bollingar Bands are tightening and when on a weekly time frame this could indicate a huge move incoming.
The RSI has been forming a bullish divergence for weeks/months now and it has begun to breakout. Not only do we have these two indicators to make think we are going for a breakout but we also have just...