Rvn
🔥 RVN Potential Triangle Break OutAfter seeing amazing returns in February, RVN has consolidating for almost two months, of which a month in the current triangle. Big gains were made by other cryptos, but not by RVN. Since cryptos see gains in waves, I'm assuming that soon it will be Raven's time to shine.
On the chart I've drawn a triangle, classically a bearish triangle. However, in the last couple of months we've seen virtually every bearish triangle develop into a bullish trend. So I'm assuming no different for RVN this time.
In order to trade this, wait patiently for a strong break out.
Happy trading!
Ravencoin price action RVNUSDTAlmost 2 months ago, ravencoin achieved ATH at a price of $ 0.29. This was followed by a large correction of 60% to a price of $ 0.12. The correction stopped at 0.786 Fibonacci retricement level and then accumulation occurred and a triangle was formed. We are at a time when we can expect the resulting triangle to be broken. Taking into account other indicators (RSI is at a normal level) and that we are in a bull market, I expect a price increase.
RVNUSDT (RAVENCOIN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- RVNUSDT is printing a falling wedge (FW) pattern.
- A falling wedge pattern is a reversal pattern.
- A bullish pattern to be precise.
- RSI is printing a bullish divergence signal (BDS).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
🆓Ravencoin/USDT Analysis (23/3) #RVN $RVNThe buying force has come into RVN at its support at 0.18$ zone and RVN will come back to retest the 0.23$ zone, which rejected RVN several times in the last few days.
If it can conquer this 0.23$ zone, it will keep moving up to retest the last peak at 0.28$ or even 0.35$ and 0.45$ zone in next April
📅NEWS
👉Apr 9 : Austin Blockchain Week
👉Jan 31, 2022 : Halving Block Reward
📈BUY
-Buy: 0.18-0.19$. SL if B
📉SELL
-Sell: 0.225-0.235$. SL if A
-Sell: 0.28-0.29$. SL if A
-Sell: 0.34-0.35$. SL if A
-Sell: 0.45-0.47$. SL if A
♻️BACK-UP
-Sell: 0.18-0.19$ if B. SL if A
-Buy: 0.145-0.155$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Raven is on the rise for sure, NEXT is $0.50Raven after the Feb 17 burst of almost 300% up adding substantial gain of 0.29. As of now Raven is forming an ascending triangle witch almost near burst to give us another 75% up that I expect to bypass ATH and continue to the level of $0.50.
Trade at your own risk.
🔥 RVN Bullish Price Action At HandOver the last two weeks RVN has drawn a fascinating chart. Every 3-5 days there's suddenly this massive buying spree, making the price shoot up by 30-50 percent in a matter of hours.
Most interesting is the fact that before every buying spree occurs, the price dips. The dip (and corresponding recovery) is exactly what's happening now.
If history will repeat itself, we're in for a treat fairly soon.
Happy trading!
Trampoline to the sky?!🪂Last for today, wolves🔥
There is one more interesting formation on RVNUSDT.
Symmetrical triangle with previous bullish sentiment.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".