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.
+ 47% From the buy zone to the 3 target local zone.
+30%
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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.
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Trade closed: target reached
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+ 222% of the breakout of the resistance of the downtrend zone level 101
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+ 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