RVNBTC:
Raven is an alt that will assist in tokenizing assets. Based on this value proposition, RVNBTC is worth a look.
If RVNBTC can hold support on its 21-day moving average near 316, Rvnbtc might be something you try for a long trade. However, if RVNBTC fails and falls below the 21-day, it will be a repeat of two other instances of the bear market (arrows). In those cases, a false breakout above the 21-day moving average created a sharp drop lower.
Bottom Line: To get bullish, we need to see RVNBTC bounce off the 21-day moving average. From a chart perspective, this alt is worth keeping an eye on.
If RVNBTC can hold support on its 21-day moving average near 316, Rvnbtc might be something you try for a long trade. However, if RVNBTC fails and falls below the 21-day, it will be a repeat of two other instances of the bear market (arrows). In those cases, a false breakout above the 21-day moving average created a sharp drop lower.
Bottom Line: To get bullish, we need to see RVNBTC bounce off the 21-day moving average. From a chart perspective, this alt is worth keeping an eye on.
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