RAVEN TA
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Some quick TA, just laying out the facts. ASCENDING TRIANGLE is a bullish formation, they generally breakout when about 80% full – shows 22nd April 3 DAY GOLDEN CROSS APRIL 28th Previous golden crosses rallies were xx%-xxx% increases. Volume signature looks more to be a rising channel, if it breaks out to a rising channel I'm really starting to think possible bitcoin 3.0. Won't be able to tell till August Sept. Of course this all depends on over all market, strong moves for BTC bodes well for RVN, they are positively correlated. Next Month outlook is ~.40-.45 cents, a breakdown w/ 4hr close below 0.115 would look really bad for the over all structure of the February pump. A breakout with be any 4hr open/close above .22. Golden crosses mean a lot in crypto, basically dictate the over structure bias of an asset, hard to ignore the bullish potential of this chart IMO. not financial advice. submitted by /u/pussycatmando |
