✳️ Ravencoin Correction Has Gone For 130 Days, Long Enough...

19 בינו׳ 2023

On bullish cycles corrections tend to last between 2-3 months.

Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days).

Yesterday a low was hit with bullish divergence on the RSI.

It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done.

After the correction follows the next bullish wave with a higher high target in place.

Bottom line, Ravencoin looks good.

Namaste.