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

29 May 2020

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

29 May 2020

Not

Bull div weekly

29 May 2020

Not

Inverse head and shoulders/ Cup and handle

29 May 2020

Not

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:

31 May 2020

Not

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

1 Haz 2020

Not

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

13 Tem 2020

İşlem elle kapatılmış

Good result from this trade.