Hello Crypto traders, today we will talk about cryptocurrency RavenCoin (RVNUSD) in which we see a completed A-B-C correction from the highs and pretty nice bullish setup formation.
RavenCoin RVNUSD was was down for the last year, but from Elliott wave perspective, we can clearly see a completed A-B-C correction, nicely connected within channel range. And, with current strong bounce, seems like bulls are back in the game.
However, to confirm low in place and bullish reversal, we need to see a recovery back above channel resistance line and 0.075 region. Bullish confirmation is only above 0.18 level.
Even stocks could be back to bullish mode, supported by Aussie. Check our idea HERE.