I mean just look at it.
I've been looking at all these charts all night ready to buy back into altcoins.
But I have literally missed the boat on all of them now.
Even though these coins will probably 10x again.
They just don't look appealing anymore.
Ravencoin has been consolidating since its all time high on February 20th, and has just shown a potential double bottom at 0.13. In addition, a weak but steep bullish divergence is being shown, with a double bottom price action and a lower low on the RSI.
Ok guys I need some help here.
I hold only 150 BSV, and at the end of the year I plan to sell 90% of all of my crypto into USD.
Why trade only BSV this year when I plan to sell it anyway? Clearly the darkside has taken control of the galaxy for now.
Why buy into the Jedi?
LONG Senator Palpatine, Shitcoins, RVN
SHORT Qui Gon Jinn, BitCoin, BSV
I am actually...
The RVN coin has made:
* triple top and triple bottom
* It is on S1 monthly pivot point
* Bullish divergence at recent two bottoms
* It is above 20 EMA in weekly time frame
If price break the black line of down trend, there is chance of rising to the upper box, about +50% profit.
Raven is giving a nice buy signal. MacD cross on the daily, Heikin-Ashi turning green, breakout and retest of the 2 month long pennant it was consolidating inside of. Target near $0.49
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
I must say, I'm impressed but I didn't have the patience after a long wait to sell my positions and move on, I sold mine early at 0.21. I expect RVN to reach 0.255. Than we will have a sideways trades until we get out of this triangle we in.
It's a busy chart but........ May be complete ABC correction finished but waiting for confirmation as the completion of ABCDE may be in order! upper targets and next big accumulation corrective zone should be live targets!