#RAVE
The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 1.90, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 1.31
Target 1: 1.19
Target 2: 1.04
Target 3: 0.8870
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you.
The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 1.90, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 1.31
Target 1: 1.19
Target 2: 1.04
Target 3: 0.8870
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you.
Trade attivo
#RAVE
Target 1: 1.19 Reached
Target 2: 1.04 Reached
Trade chiuso: obiettivo raggiunto
#RAVETarget 1: 1.19 Reached
Target 2: 1.04 Reached
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📍Trade Smart & Stay Protected⭐️Telegram Channel
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.