RVN/USDT - Binance - 1 week chart with correction - Target reach this will be closed

RVN/USDT - Leading diagonal - Binance 1-week chart with correction

For this graph, We use Elliott Impulse Wave (12345) with eclipse tools below and rectangle movable tools.

MacD below

On this graph, we saw a perfect leading diagonal Bullish Scenario with correction

Verdict:

We open risk, Good buy at $0.031 to $0.032

Stop loss at $0.030 - $0.029 as long it goes below the rectangular tools and hoping the BTC won't drag it below $8k.

first target $0.033 - $0.035

There's no resistance hoping this would be the highest price of RVN.


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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