RavenCoin - Highway to Hell (RVNBTC)

Updated chart of RVNBTC after we broke our previous support at 339.

Currently in a descending channel, monthly supports at 307, 266, 254.

Just watching for now, looking for a break out of this channel and back test before any entries.

BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX

Commento:

Broke out of this channel and tested previous support at 339. Looking for a few hourly closes above 339 for possible entry.

Commento:

Entered here in 340 area, we broke above 339 and this is now acting as support.

Commento:

Still in this trade, currently down 10 sats. Volume has dried up so hopefully a sign that selling will end. If we see any further downward below 327 area might cut losses on this one as there are other opportunities in the market.

Commento:

Looking good here, if we can crack resistance at 363 area I'd expect a nice move up.

Commento:

Back to where we started on this one, can't seem to get any momentum going and stuck ranging in 330~350 area. We are approaching a major daily down trend from April so will wait a bit longer to see if we can break out over the next 2~3 days, otherwise will cut this bag soon.