Ravencoin Getting Discarded Of Last Sellers ?
(H4)
Since the last pump, we can see 3 descending bevel. Each one of them is shorter than the previous one, and tighter.
Same for RSI, angles are getting tighter. It's not as accurate on first benvel than on two others, but still says a lot.
By the moment I am posting this analysis, Raven hit the bottom of the bevel, at the MA50 (~783 sats) and it got rejected.
Golden cross that I called a few weeks ago got delayed thanks to Bitcoin moves but still happened and still current.
It could mean raven discards last sellers before making THE pump.
When RVN breakouts that bevel which should be the last, being discarded of all the last sellers, it might finally let bulls drive the price.
I am not a financial advisor, invest at your own risks.
Since the last pump, we can see 3 descending bevel. Each one of them is shorter than the previous one, and tighter.
Same for RSI, angles are getting tighter. It's not as accurate on first benvel than on two others, but still says a lot.
By the moment I am posting this analysis, Raven hit the bottom of the bevel, at the MA50 (~783 sats) and it got rejected.
Golden cross that I called a few weeks ago got delayed thanks to Bitcoin moves but still happened and still current.
It could mean raven discards last sellers before making THE pump.
When RVN breakouts that bevel which should be the last, being discarded of all the last sellers, it might finally let bulls drive the price.
I am not a financial advisor, invest at your own risks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.