Ravencoin (RVN) in a rally with more room for fly
Ravencoin has formed a nice base pattern which resembles a cup and handle formation.
After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out.
Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case.
Our internal bot caught the rally as it has broken higher and after looking at the chart, appears there is more upside potential.
Take profit levels are 0.113, 0.1194, 0.1322, 0.145, 0.1599
Below .098 and the pattern becomes suspect so that can become your risk level.
After finding a low, prices rallied back up to resistance. From there, prices drifted sideways as the weak hands were shaken out.
Once the weak hands are removed, then the void of sellers allows for price to fly higher like it did in this case.
Our internal bot caught the rally as it has broken higher and after looking at the chart, appears there is more upside potential.
Take profit levels are 0.113, 0.1194, 0.1322, 0.145, 0.1599
Below .098 and the pattern becomes suspect so that can become your risk level.
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DM us for more information about the bot and our services.
