RVNUSDT.P trade ideas
RVN/USDTHello Traders,
RVN has already launch from its major support at 0.09 and heading towards another key level at 0.11. Bat structure is spotted and currently RVN is moving at the right wing of it which at the same time is following its 3rd wave. Let see if this bat harmonic pattern that coincide with Elliot wave works out. RSI is already above 50 line and the MAs are in good uptrend formation.
Buy: $0.09-$0.1
TP1: $0.13
TP2: $0.149
🔥 RVN Massive 1-Year Bull-Flag PatternSince the huge run-up of RVN in the first few weeks of 2021, RVN has seen strong consolidation. This period of consolidation has formed a huge bull-flag pattern on the chart.
With RVN reversing from the bottom of the pattern recently, there's a high probability that the price will move towards the top resistance of the pattern.
Since bull-flags are classically bullish patterns, I'll be looking for bullish break outs to occur. Targets placed at recent highs. Be aware that the price might bounce of the resistance and move back towards the support.
Happy trading!
Ravencoin (RVN) in a rally with more room for flyRavencoin has formed a nice base pattern which resembles a cup and handle formation.
After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out.
Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case.
Our internal bot caught the rally as it has broken higher and after looking at the chart, appears there is more upside potential.
Take profit levels are 0.113, 0.1194, 0.1322, 0.145, 0.1599
Below .098 and the pattern becomes suspect so that can become your risk level.
RVNUSDT, The price need more correctionHello everybody
According to the chart you can see the price want to drop more , we have 2 scenario for this movement of price
1st : After rally finished we need ABC of elliott and according to that we completed AB of correction and we are in Wave C and it can drop more to prz level
2nd : The Correction was finished and now we made wave 1 and we are in correction wave 2 and because of the the price can not drop more that key point level at second buy zone area
Until the market is in range zone and this condition is on market we cant say which scenario is correct
We need more details to decide what to do ?
And because of the tapering and condition of economic in the world we have inflation, we expect the risky market like stock market and crypto market should rise up to pour the inflation and to make the value of a dollar.
If you have any question send us messages
Good Luck
Abtin
RVNWhy will this bird fly so far? If you know what mining is or do it, then in terms of profitability, ETH is now in 22nd place, despite its colossal growth.
RVN is currently in 5th place, but I looked at the yield a few days ago, it was in second place.
Miners choose RVN. Capitalization 800 million, which is not much for a huge number of users.
Goal $ 1.