Ravencoin / BitcoinShort
RVN/BTC - Short
• Broke through strong support of 665 with speed
• Continuation of bearish trend currently, consistently closing under 200 MA
• Short-Term Outlook: Bearish to 520-580
• Long-Term Outlook: Mainnet launch tomorrow, market cap back under 100 million (down almost 40% from ATH), could be a solid entry for a long-term investment while technology develops (4-6 months)
• Swing opportunity: Stochastics on the floor, RSI oversold, have seen bounces in the past with similar setups. A bullish divergence of stochastics on 30 minute or 2 hour chart could result in 5-10% bounce
• Continuation of bearish trend currently, consistently closing under 200 MA
• Short-Term Outlook: Bearish to 520-580
• Long-Term Outlook: Mainnet launch tomorrow, market cap back under 100 million (down almost 40% from ATH), could be a solid entry for a long-term investment while technology develops (4-6 months)
• Swing opportunity: Stochastics on the floor, RSI oversold, have seen bounces in the past with similar setups. A bullish divergence of stochastics on 30 minute or 2 hour chart could result in 5-10% bounce
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