RVN. Cycle. Coin for the pumps. Global goals.

RVN Falling Wedge. First target + 30% Figure potential + 100%
The purchase area is 270-300 satosh.
Stop Loss Below - 270 Satoshi.

The targets for the downward wedge are 390,450,500,550,600 satosh.
If we take into account the cyclical nature and madness of the crowd, then the global goals for the coin are from 800 to 1600 satoshi. And it could be like it's a cheap coin to pump.
But as for me, it is better not to wait for inadequate goals which may or may not be.
GREED CAUSES POVERTY.
Work better with the objectives of the downward wedge. More details in this trading idea.

It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase.

See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.

Comment:

there is a way out of the wedge, the price almost reached the first target.

Comment:

+20 +16

Trade closed: target reached:

The first sale target is taken + 29%

Trade active

Trade closed: target reached:

2 target taken + 50%

Trade active

Comment:

The figure of the descending wedge worked well. 2 sales goals achieved. Profit + 52%. When the growth impulse began on Bitcoin, everyone who was in profit on this coin left it, thereby dropping the price. The price fell into the purchase zone with sniper accuracy to the specified level of 270. A ransom went from it to the entire purchase zone, as a result we see a huge shadow on the candle. Further options for the movements I depicted on the chart.

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There is a breakthrough of the symmetric triangle up.

Trade closed: target reached:

+ 42% Second target taken

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