Worth_The_Ri5k

$RVN / $BTC: Huge consolidation range, breakout time?

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Worth_The_Ri5k 已更新   
BINANCE:RVNBTC   Ravencoin / Bitcoin
Raven.. everyones favourite hype pump coin.

Its been consolidation in this nice range/channel for ages..

Note that
-Huge bull div on weekly (see comments)
-Possible inverse head and shoulders or cup and handle if the handle forms (see comments)
-At the channel/range support
-Broken all diagnol resistances
-RSI could possibly cross the 50 threshold soon
评论:
Bull div weekly
评论:
Inverse head and shoulders/ Cup and handle
评论:
Alt coins look positive, but have to be cautious of BTC and what its doing.

If BTC has extremely viotality then the alts can just dump off at anytime.

More explained on this idea here:
评论:
Descending scallop on RVN, can lead to IHS breakout

Only if we hold 216- a close under that and we can dump off- or the possibility of bouncing a little lower to form the shoulder still of the IHS
评论:
Nice shakeout on RVN...

But if you look closely we are
1. Still holding a higher low
2. Forming a morning star reversal
3. Possible 2nd Shoulder of inverse head and shoulders

交易手动结束:
Good result from this trade.

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