Ravencoin (RVN) is showing upward momentum after breaking out of a consolidation phase. Key levels of support and resistance may guide your trading strategy.
💡 Key Levels: Buy Zones: $0.02233 — 62% Fibonacci retracement level, potential bounce zone. $0.01975 — critical area for accumulating positions if a deeper pullback occurs.
Resistance Levels: $0.03141 — 23.6% Fibonacci retracement level, initial profit-taking target. $0.03638 — major resistance zone where growth could slow down.
📈 Strategy: Consider buying in the $0.02233-$0.01975 range, targeting $0.03141 and $0.03638, with confirmation of the uptrend.
ARPA is currently trading around $0.052, showing signs of a potential accumulation phase before a breakout. The $0.0505 level is acting as support, possibly paving the way for an upside move.
📊 Key Levels: Buy limits: $0.0505 - current support level. $0.0460 is a potential level for additional buying in the event of a pullback.
Resistance: $0.0566 - first target for profit taking. $0.0671 - major resistance, a break of which could strengthen the uptrend.
🎯 Strategy: $0.0505 level is expected to hold. Entry is recommended after confirmation of accumulation, target levels are $0.0566 and $0.0671. A break above $0.0671 could signal further upside.