RVNUSDT trade ideas
Bungee jumping on crypto🧗🏻♂️Did you like BNB yesterday, wolves?🔥
Today we have one more trade for you, guys. There is a symmetrical triangle on RVNUSDT crypto on small timeframe.
According to Elliott Waves theory all the waves are done and the price is heading to the breakout.
There was a strong bullish movement before, so now it may be a signal of trend's continuation.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
RVN/USD - Raven wants to pump! Raven is looking particularly strong here and wants to go higher despite the correction we had in the market today.
We tested the local resistance (dotted line) several times now and I don't think it will last another attempt unless the broader market pulls Raven lower back at support.
If ETH and BTC recover from their fall today, Raven is due for a nice run.
Daily MACD is still bullish and the 4h indicators are a bit flat, but price action is bullish to me so I am bullish on Raven for the next week or so. Lets see how this develops.
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🆓Ravencoin/USDT Analysis (2/2) #RVN $RVNRVN correction is paused in $0.023-0.024 zone, and at here a significant rebound is probable and the target is $0.035
📅NEWS
👉Jan 31, 2022 : Halving Block Reward
📈BUY
-Buy: 0.023-0.024$. SL B
📉SELL
-Sell: 0.035-0.037$. SL A
♻️BACK-UP
-Sell: 0.023-0.024$. SL A
-Buy: 0.0165-0.0175$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
70% for RVN? Possible but riskyYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
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RVN/USDT - Raven at key resistance, $0.018RVN made a nice 40% rally in the larger pennant and now we are at a major resistance point, $0.018.
I would be surprised if we pass this level without some chop price action . Therefore wait for a breakout to long or if we lose momentum, a short is also a nice risk/reward here to the base of the pennant.
The next significant resistance is $0.02 in case we break above current levels.
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