RVN Downstream channel. U-turn zone. Past idea +20,30,50,47,30%

Sep 7, 2020

RVN / BTC (ravecoin) Traded this coin about 9-10 months ago. When there was a breakout of the falling wedge resistance and the possibility of a trend reversal. I partially made several moves, then in the last buy, the price went against me, and I exited the market position. The previous support was broken. Since then, I have not been interested in this coin. The observation began at the end of August. This is an update to an old trading idea for this coin.

The situation is very interesting now. Local downlink. Price approached its support (lower channel border) This zone can act as a reversal zone, at least for a local trend. The potential of the channel itself is + 40%. The breakdown of the resistance of this local downtrend channel and the price fixing above the resistance can cause the main trend to reverse.

Former trading ideas of this coin:

RVN Falling Wedge. First target + 30% Figure potential + 100%

RVN. Cycle. Coin for the pumps. Global target

Result. Breakout of wedge resistance. The emergence of a trend.



+ 20% + 30% + 50% Second target taken.



RVN Symmetrical Triangle 50/50. Pivot Points. Price clamped.

+ 47% From the buy zone to the 3 target local zone.



+30%

Sep 24, 2020

Note

The reversal zone in the channel was not confirmed. Channel support is broken. We are waiting for the local downtrend to stop, price movement leveling and a new potential entry point.

Nov 25, 2020

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Nov 25, 2020

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Feb 10, 2021

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Feb 19, 2021

Trade closed: target reached

+ 222% of the breakout of the resistance of the downtrend zone level 101

Feb 20, 2021

Note

+ 480% zone of the indicated price level 455 is reached (hold down the left mouse button and move the chart down). There is a pump