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

ที่อัปเดต:
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
บันทึก
Bull div weekly
สแนปชอต
บันทึก
Inverse head and shoulders/ Cup and handle
สแนปชอต
บันทึก
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:
$BTC : Dominance chart, why its useful?
บันทึก
Descending scallop on RVN, can lead to IHS breakout
สแนปชอต

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
บันทึก
Nice shakeout on RVN...
สแนปชอต

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

สแนปชอต
ปิดการเทรด ด้วยตนเอง
Good result from this trade.
binanceBitcoin (Cryptocurrency)BTCChart PatternsravenrvnTrend Analysis

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