Ravencoin (Bittrex: RVNUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ravencoin began a wave one advance in February. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, Ravencoin should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. Crypto Mobster reviewed the project back in June.
(Sources: https://ravencoin.org/)How Will Ravencoin Trade?
Ravencoin (Bittrex: RVNUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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