Fifty and we're gon na move on to Raven coin coming in number 41, so let's get all the Raven coin, technical analysis. So for Raven coin yeah we have a reason a lot. We reason crazy. We 500 percent. We have really collapsed here, nearly 90 percent. So this is just a cycle of see like that's, why I was saying that anything that rises, because there are right, hash, graph right now, it's on fire, so hadera hash graph has risen tremendously and so previously way back in favorite to year. One night. I also very reverent: coin was rising crazily, but eventually it will drop back down, it has really dropped. Nearly 90 percent, 90 percent yeah, and so yes, been dumped, seems much 201, nine and right now we are approaching much 2020 has been down for one freaking year. Nothing much has been happening for raven coin against PDC. There are some big bounces here named bouncy bouncy, counting them bouncy bouncy, bouncy, bouncy yeah, and after that, sir right now things are moving sideways. This is the accumulation phase. Usually before things go back into Boone. There will be an accumulation phase bare sideways boo. This is the accumulation phase, and this is where the whales start switching over Bitcoin into Raven coin. This is where the wheels start to accumulate Raven point for a push towards the upside eventually will also be marking up. The price of Raven coin, so, if you moved on to the fall for Li, you will notice that this is actually accumulation.
Alright Raven coin has been moving up: the skinny pink line down and up and down and up – and are we gon na, come back down to? I don't know yeah, but this is looking to me like a potential. This could be a symmetrical triangle, but at the same time, these could also we'll be a descending triangle here. This could also be some sort of a descending triangle over here, so you know I'm, not entirely sure what the Raven clients are trying to do. We are still you know. If you move back down to the daily, we are still a distance away from the skinny pink line, there's still a big white space, and so yeah we're not going to be doing anything until we are absolutely sure that the Raven coins Raven coin wheels are going To spike up from here, however, this is actually close to the bottom, as close as it can be to the bottom. At about 257 satoshis, I feel that anything under 500 Salafis is a good buy for Raven coin, which is what we all have been doing. The wheels have been accumulating under 500 satoshis down and up and down and up and down, and up and down here, eating up all the weekends that are selling a raven coin at bottom. So eventually, you're gon na see the ribbon coin, wheels push the price higher, but rather go saying if you're a true blue believer of a raven coin of tron blacks project, then yeah anything under 500, Satoshi's it's a good pie.
We are actually at 356, so he's. Well under 400 and so you're really getting a raven coin at a big big discount. So of course it's up to you. If you're a true blue believer of a raven coin, then yes, you know these are great levels to be accumulating, but at the same time I still can't guarantee you that you know. Raven coin is not going to drop to zero that's highly highly highly highly highly highly highly unlikely, but the possibility still remains that Raven coin could drop to zero, so, whatever capital you have could actually drop to zero that's highly unlikely, but there's also a danger when It comes to trading, things could drop to zero, but that's highly unlikely yeah, because it's a top 50 coin. So there are less coins in the top 50 that they are she coins in the top 500. So that is why I only do the top 50 to keep you safe, so that the chances of us coming across a proper sheet coin is less I'm, not saying there aren't coins in the top 50. They are but it's less compared to the top 500 or the top here. So there you go miss. I only do the top 50 yeah tritter 50 station 57, so, like I was saying here, would be a good time accumulating. If you are a true blue believer of a raven coil eventually, when we rise back up to the all time high, it will be another 300 percent increase to us d up site.
So it is entirely up to you. You have to make this decision yourself. You can ask yourself whether, if you are a true blue believer of Raven, quite or not, I think that potentially we could be seeing some sort of a five way squeeze. I just noticed. I just noticed this mmm I'm just gon na draw this mmm. This would be a five wave structure, one two: three: we could go for a four five Pope, maybe yeah, but the thing is our still. You know a distance away from the skinny pink line, so yeah be very, very careful to see white space here. So we are still feeling pretty bearish. However, we are aware of the volume here that's an increase in volume increase in volume when you see an increase assuming in a significant increase in volume. This means that wheels already in play. So, mr. Wales, mr. Wales, yeah we actually see you. We are aware that are potentially you could be making moves soon, but yeah so like. I was saying if you're a true believer or even quite anything under 500 it's, a good buy all right. Ah, let's move on to ribbit coin against us DT, but before that, please give this video a like. If you enjoyed it subscribe to the channel, and let me know what you think about Raven coin, in the comments below so for Evan Carnegie's yours et last week. We'Re saying that are potentially we could be in a squeeze and we could be breaking out a squeeze and you know we actually did break out the squeeze, but the thing is that um, this is a very weak move.
Whenever you break up the squeeze, we would like to see big big, big big volume coming in big big, big big green candles, butter yeah. There were some great big red candles amongst the green candles, and so you know I'm a bit skeptical about this move from Raven coin against us DT. If you look at our event coin against USD on quite market cap, you would realize that yoga more data or even qui knows actually list that way way back in March to zero one eight. I only got into balance. You know September, to zero one nine. So you get more data if you look at coin market cap, so on coin market cap raven coin is still under the skinny pink life. You can see that our ribbon coin is really starting to form valleys belly here. It'S very here this valley here as Valley here, your we're forming bellies left and right, and so eventually we will be breaking upwards up off the skinny pink line. Are we gon na be breaking up from here? I don't know there's really a double bearish divergence over here now, if you look on the RSI Pisa lower high but it's a higher high on the price, so maybe we could be reversing I don't know I still don't see any reversal cha patterns, yet it's. Just double bearish divergence, it doesn't always reverse. I mean things: don't always reverse when they there's a double bearish divergence, yeah, it doesn't always reverse, but we have been so so over BOTS on the stochastic.
We have yet to drop back down into oversold levels. The last time that we went into oversold levels was way back in December to 0, 1 9, and after that you know, we have been moving into the overbought territory for a long time. This is actually a very over BOTS move for riven coin, and so eventually we will correct back down. You can see in the past where, when Raven client tried to break the skinny pink line, it feel it feel it feel I'm not saying that it's going to fill this time, it's just that you be very, very careful, ready, overbought to go up higher and higher. You requires an even bigger volume to push the price higher, so this volume at this high levels correctly be the Raven coin, wheels distributing their Raven coin. Music. I'M, not entirely sure no we're really quite is heading to Miku actually spike out from here, but be very careful because we already close to the skinny pink line. Excuse me pink line could as a resistance, but the only way to break the skinny pink like skinny, pink lines, with huge volume and with huge, huge candlesticks that's. The only way to break the skinny pink line, otherwise you're going to bounce back down. You need to break it with proper volume and you need to stay above. The skeevy pink line. You'Ve got to see big green candlesticks, pushing the price high. Previously there was a big green volume that came in big green chemistry came to push the price higher.
However, the ribbon coin ribbon can actually fail to. You know, push higher than debts and eventually it got slapped back down after a bit of a hesitating over here. Ribbon coin collapsed back down and after that so yeah it just stayed under the skinny pink line. So yeah, maybe something like yeah no, but this is actually very bullish. This is not as bullish as this just by looking and the the vertical nature of this move. This is not as vertical this is, you know it's most slanted than it is vertical right. This is more vertical if you can see if you understand I'm, saying yeah it's more vertical, so this was extremely. This was absolutely extremely bullish, and so it pushed the price very, very high, but yeah I don't know I'm just I'm, not saying they can't go any higher it's just that yeah we're gon na be playing it safe. You know we're not gon na be rushing into any trade until we are absolutely sure, even when Raven coin blasted off her, there was no clear with, were so chop it and there was no reverse watch far better. Now. Nothing that told us that our event coin is actually rising, so we are even coin isn't exactly as clear on USD T. This is also not any more evil such a pattern. I don't see any reversal pattern on Raven coin against us, DT, so I'm not going to be doing anything until yeah I'm.
Sure sure data reversal is in place. If anything, I wouldn't be making any purchases when it is over BOTS if anything I'll be buying it. When it is over so right, we were over so over here, so you buy things when they are over, so not my idea over, but it is a bad idea to be going long when things are really over, but so yeah. Those are my thoughts for rayvin claim stay, safe and don't do anything I wouldn't do alright. So thank you very much for watching. I hope you enjoyed it.