RVN/BTC - Long
• Was using 200MA as support for a while, fell through and started using it as resistance. Now, it has broken through and hopefully will begin to use it as support once again
• 50MA was resistance for entirety of downturn, finally burst through with strength
• Buy zone: 470-490, essentially at 200MA. Short stop right below. Bounce off 200MA would be EXTREMELY bullish. Target 1: 650 sats Target 2: 850 sats Target 3: 1200 sats
• Fundamentally sound project, low valuation (<100 million)
• 50MA was resistance for entirety of downturn, finally burst through with strength
• Buy zone: 470-490, essentially at 200MA. Short stop right below. Bounce off 200MA would be EXTREMELY bullish. Target 1: 650 sats Target 2: 850 sats Target 3: 1200 sats
• Fundamentally sound project, low valuation (<100 million)
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