On bullish cycles corrections tend to last between 2-3 months.
Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).
Yesterday a low was hit with bullish divergence on the RSI.
It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done.
After the correction follows the next bullish wave with a higher high target in place.
Bottom line, Ravencoin looks good.
Namaste.
Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).
Yesterday a low was hit with bullish divergence on the RSI.
It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done.
After the correction follows the next bullish wave with a higher high target in place.
Bottom line, Ravencoin looks good.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
🎯 LIFETIME Results: t.me/anandatrades/1183
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.