Versus the US dollar, Ravencoin has breached into a new high. If the RVN market vs. BTC finds support while simultaneously BTC slowly starts the next bearish swing (or if BTC just goes relatively sideways or better yet continues up), then we can expect RVN to begin a very intense bullish move. This could however be delayed by BTC retracing drastically, or RVN vs. BTC ending its somewhat parabolic move and moving into a bear market vs. BTC.
My TA is leaning bullish, but a bit more time should confirm or rule out the bullish perspective for the next few months +.
You can see here vs. BTC that there is one strong bearish signal, a medium bullish signal, a potential bullish support with the various MA lines in a week or three, and a potential bearish resistance (or support) at the trend line in the near future. As time passes, those are things I'm watching out for in RVN/BTC, along with how the MAs playout versus each other and versus closing price:
My TA is leaning bullish, but a bit more time should confirm or rule out the bullish perspective for the next few months +.
You can see here vs. BTC that there is one strong bearish signal, a medium bullish signal, a potential bullish support with the various MA lines in a week or three, and a potential bearish resistance (or support) at the trend line in the near future. As time passes, those are things I'm watching out for in RVN/BTC, along with how the MAs playout versus each other and versus closing price: