Trade ideas
RVNWhat's up guys!
Ravecoin looking nice as price has been in a downtrend and currently hovering around a major support area, I'm currently looking for buy setups
I can also observe the way price is rejecting the trendline and the more it does the trendline gets weaker , a presence of MACD divergence with price
Currently waiting for the break of the trend line with momentum candle and a retest for a more conservative entry , what do you guys think ?
🆓Ravencoin (RVN) Oct-8 #RVN $RVNRVN has an important support at 0.11$ zone, if it doesn't lose this zone, it will move towards 0.13$, 0.15$ and 0.18$ zones. But if it loses this 0.11$ zone, it will fall down sharply to 0.1$ and 0.085$ zones
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.11$ zone
🔴Buy : 0.11
🔴Sell : 0.13 - 0.15 - 0.18
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.11$ zone
🔵Sell : 0.11
🔵Buy : 0.1 - 0.085
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
RVNUSDT - BIG BREAKOUT COMINGRVN has broke above the neckline of this large inverted head and shoulders formation on the daily timeframe, its only a matter of time before we break above the downtrend resistance the market has been facing since may. Good entry would be on the retest of the neckline support if we see the correct confirmations.
RVN - potential trade 😲😲As I wrote in the last two ideas, many altcoins are in hoarding. RVN is also in accumulation.
The price is now squeezing near the key level of $0.12, which is a good signal for a breakout and rise. If the price breaks the key level and tests it as support, that would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
[Update] big potential for RVN / USDT 240Hello traders, RVN / USDT is in a bullish channel with an attempt to breakout its downtrend line, which corresponds to low resistance.
And a propable fake pull back test on this new medium.
Big potential for a price increase in the next search for horizontal resistance as the first objective, then the top of the channel limit in validation.
Corrections will follow on this upward movement.
This is not investment advice but a recommendation for use.
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