In this count, I've assumed we have just finished wave 1 and are currently in wave 2. Main motivations for wave 1.: 1. extended impulse wave 3 2. alternative waves 2 and 4 (in time) Main motivations for wave 2: 1. Lot's of price overlap and three waves structures, which indicates a correction is happening. 2. Price is increasing, but volume is declining. I...
Ravencoin is currently moving in it's first wave of larger wave 3. After a short retrace (wave2) more upside is expected.
Leg 2 is finished at $116. Currently in Leg 1 of wave 3 of primary count, with a target of around $180. Invalidation when price goes below $122.