RVNUSD 0.0600 Ultimate Target
Ravencoin (RVNUSD) has seen a very strong and rapid growth in the past 3 days after rebounding on the 1D MA50 (blue trend-line) and is now very close to the 1D MA200 (orange trend-line). The last rise of such magnitude has been from July 30 to August 11 2021.
RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June 15 being an Inverse Head & Shoulders (IH&S) pattern. That has a technical target of the 2.0 Fibonacci extension. Since we are that close to the 1D MA200, it would be less risky to buy only if it breaks or upon a pull-back to the 1D MA50.
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RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June 15 being an Inverse Head & Shoulders (IH&S) pattern. That has a technical target of the 2.0 Fibonacci extension. Since we are that close to the 1D MA200, it would be less risky to buy only if it breaks or upon a pull-back to the 1D MA50.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.