Ravencoin Parabolic retraceAs a die hard raven coin fan myself and being a happy investor back in the day to sell on this move. I am suspecting this bearish scenario to play out in the short/medium term, unless it's not done with its move yet but even if it did make new highs i'm convinced we will meet back at around 450 sats. Hence why i sold most of my ravens after we failed to make a new higher high and higher low on the daily at the peak.
A clear Descending triangle pattern with a breakdown level towards 450 sats. Fib retracement from 450 to last peak shows we are currently holding on .05 fib, which is usually the strongest support point in these moves.
Hence there is still a chance we can break bullish out of the triangle, but i'm giving it a low probability, since we keep testing it and fail to make new higher lows. My mind will be changed if the daily trend changes, if not i suspect a very nasty %50+ retracement from these levels.
RVNBTC trade ideas
RVNBTCRVNBTC
Entonnoir : W/D/H4 (swing)
Comme prévu, la compression H4 (bleu) a cassé par le haut, je viens de rentrer sur la sortie de compression M30.
SL à 1066 en-dessous de la compression daily (jaune).
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Funnel : W/D/H4 (swing)
As expected, the compression on H4 (blue) broke by its top. I just went long on the compression breakout on M30.
SL set to 1066 right under the daily compression (yellow).
[Long]RavenCoin[RVNBTC] Bullish Potential (250% PP) Ravencoin (RVN) Overview
Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another.
But the biggest signal of all is the bullish divergence marked on the MACD . (Considering the big increase in trading volume ).
Here we can see that RVNBTC is bouncing from its all time low, which was hit in October 2018. As soon as this price level was hit, we saw the early signals (above) for a change of trend.
You can spot strong bullish divergence as well. The MACD moves up while RVNBTC price goes down, this is marked with red lines on the chart.
Volume is starting to increase but still not enough. These are early signals.
I believe that Ravencoin will soon move... For this reason, we should trade this coin. If RVNBTC hold support line it can generate a strong 250% Profit.
We can buy this coin with target at 0.000001097
POABTC TARGETS:
1.) 0.00001096
2.) 0.00001648
We can STOP AVOID/LOSS at 0.00000760
This information is to be used for educational purposes only
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RVNBTCRVNBTC
Entonnoir : W/D/H4 (swing)
RVN est dans une configuration intéressante. Le biais est toujours haussier et nous avons le prix qui compresse en H4 (bleu) dans le bas de la compression daily (jaune).
Je prendrai position avec un risque réduit si on casse cette compression H4 par le haut.
Alarme mise.
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Funnel : W/D/H4 (swing)
Interesting setup on RVN : the bias is still bullish and the price is compressing on H4 (blue) right at the bottom of the daily compression (yellow). If we break this compression on H4 by the top, I'll go long with a small risk.
Alarm set.
RVNBTC - Symmetrical Triangle Currently the price range of the symmetrical triangle is getting tighter. We will brake bullish or bearish but the stochastic indicator shows a oversold condition on the 4 hour chart so i think we will bounce from the lower trendline in the triangle and see the price rise.
The best entry would be after a closed candle above the resistance line in the triangle.
This chart is for educational purpose so i can learn more about TA.
Ravencoin - Potential Wave 5We have been watching Raven for quite sometime, its brought us many 100% gains since Novemeber, Here, we are in a precarious space, but we are looking at a potential wave 5 break out, Its not always exact to use elliot wave theory, so when we are up this high we have super tight stop losses on profits. We are following the meandering 4th wave definition, so we are looking for a breakout, or potential break down here. Even still the 10% ups and downs are like a money making machine for intraday traders.
$RVN Retrace in process... Buy the dip (carefully!) $RVN Following the call that more pain was coming and the bounce was more like a dead cat...
~1200sats support was broke to the downside (thanks bitcoin)
I expecting to have some buy opportunities around 1k sats
Will update as soon as I see changes!
#RVN
$RVN Reached 1700 sats & over 400% since UCTS buy signal
~1550sats as support, falling below would be the 1st breaking down in the entire trend up..
Volume looks is falling slowly.
If break happens ~1150sats or 0.5 fib retracement lvl as target.
Bearish divergences everywhere (RSI, MACD, CCI, STOCH etc)
Dont get trap!
#RVN
Potential RVN trade opportunity EW count?We could be finishing our 3rd wave up still.
sub wave 4 is in and we could reach 2000 sats to finish the 5th wave before coming down to complete the 4th wave of the primary EW count.
Trade with Caution
set stop loss as indicated
This is Not financial advise
Happy Trading
Elliot Waves AnalysisHi All. I want represent you my idea for RVN. Using Theory of Waves, I've checked some plases where Fibo spiral touches highter level wave end. According to Elliot channel method, hight orange line is a resistance. I'm not pretending on 100% truth, but this RVN grouth is very interesting thing :-)
Thank You for attention ;-)
Raven: Last Wave before Big Correction?Hi.
We are probably doing the fifht wave before to get a good correction in ABC .
I expect we could hit TP3.
TP1 : 0.00001724 btc
TP2 : 0.00002136 btc
TP3 : 0.00002802 btc
Check it out my script to know if there is a stock market correction: Short Free Indicator for BITCOIN/USD
(See Link to Related Ideas below)
Hope this time there will be no 100M$ injected like 2019, 2nd April!
Trade safe.
Cheers!