RVN/BTC - Leading diagonal - Bullish Scenario
RVN/BTC - Leading diagonal - Bullish Scenario

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https://www.tradingview.com/chart/RVNBTC/eBrzwmas-RVN-BTC-Leading-diagonal-Bullish-Scenario/

RVN/BTC Binance- Leading diagonal - Bearish Bullish Scenario 

For this graph, We use Elliott Impulse Wave (12345) with eclipse tools

Elliot wave correction and pitchfork tools MaCD

On this graph, we saw perfect leading diagonal Bullish Scenario

Verdict:

We open risk, Good buy at 385-390 Satoshi

Stop loss at 380-375

first target 406-416

The Diagonal. Leading diagonals “lead” a 5-wave pattern (or the first part of a zigzag) — hence they appear in the wave 1 position. Ending diagonals “end' a 5-wave pattern — hence, they appear in the wave 5 position (or tail-end of a C-wav

 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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Ken(Crypto Reporters)
Ken(Crypto Reporters)

Crypto enthusiast, trader, Sales Representative, Bizdev, Data Entry.


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