Raven could see 0.7 & beyond.Not 100% sure that's a wave 1 but wave 2 did reach as low as expected. So assuming that's the case Raven could reach between 0.5 & 1.4 on it's wave 3. With a standard wave 5 $0.7 is a reasonable minimum target. The smaller areas are common wave 3 targets the larger is wave 3's potential range.
Rvn
RVN100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $583
Trade nr. 11
(all trading ideas in the series with comentary and outcome can be found on my profile)
As bitcoin sentiment turned a little bit to the bearish side all my today's trades were SHORT.
Also I was luck enough to catch the BTC market cap dominance rising in a short term which was also a good indicator that alts will bleed.
BEARISH VIEW:
-Tight bear channel
-mega rally of this coin made me believe that bigger correction is in tact.
BULLISH VIEW:
-75% of bear channels will eventually break upside, which we can see later in the in this downtrend.
However after such a strong leg down, at least double top can be expected
RVNUSDT - SellRVN also hit the first place on Binance's top list.
But it was just a pump so be careful with this coin. It already hit the Bollinger and Fib resistance. It might pump a little more to the second resistance but then it's coming down. All platforms are showing a small Sell volume but it might change after hitting support.
Current Market Price: $0.075
Good Luck
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🆓Ravencoin (RVN) June-3 #RVN $RVNThe buying volume is increasing and RVN is heading to 0.14$ and 0.18$ in this June. But if it loses 0.08$ zone, it may fall down to 0.05$ zone
📈BUY
- Buy : 0.078-0.082$. SL if B
📉SELL
- Sell : 0.137-0.143$. SL if A
- Sell : 0.176-0.184$. SL if A
♻️BACK-UP
- Sell : 0.078-0.082$ if B. SL if A
- Buy : 0.048-0.052$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
RVN is in a minimum priceRVN touched its supporting line and now the price is at the floor of upward channel. On the other hand RSI indicator trapped in a descending channel. If the static resistance at the price of 17.8 ¢ broken, the price of 28 ¢ is accessable for RVN; If not it will exit from bottom of channel and oscillat around 16 ¢ for a few weeks.