RVNBTC
RVNBTC LONGI see RVNBTC currently in Phase C of Wyckoff Accumulation, I have started to nibble on RVNBTC to start taking positions for long term. This is easily a 10x call over couple years time.
Phase D will take its own time to develop in RVNBTC. Would be a fun ride.
Note: This is not financial advise.
Ravencoin possible 2x entryHi friends, Ravencoin has been on my watchlist for a long time, the project is backed by solid players and its use case is very precise and offers great utility. The price recently filled the inefficiency and is now looking set to start move upwards. Do share your insights.
There is a possibility for the beginning of an uptrend in RVNBTCTechnical analysis:
. RAVENCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000400 to 0.00000330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000400)
Ending of entry zone (0.00000330)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000510
TP2= @ 0.00000604
TP3= @ 0.00000698
TP4= @ 0.00000815
TP5= @ 0.00001000
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