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RVN/BTC - Leading diagonal - Bullish Scenario

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BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN/BTC - Leading diagonal - Bearish Bullish Scenario

For this graph, We use Elliott Impulse Wave (12345) with eclipse tools

Elliot wave correction and pitchfork tools + MaCD

On this graph, we saw perfect leading diagonal Bullish Scenario

Verdict:

We open risk, Good buy at 385-390 Satoshi

Stop loss at 380-375

first target 406-4016

The Diagonal. Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wav

Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.



#Trend Analysis

#Chart Patterns

#Wave Analysis

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