The current price of 0.063 puts Ravencoin in the oversold territory bigtime. The lowest price we've reached so far is 0.052cents and it might be tested again for more downside if Bitcoin will break below 30,000K which is very difficult but possible.
The Chart shows that we've broken the 0.08Cents Major support and the 0.052 Support Area must hold this price for the next volatility. If we break below this line and BTC goes into a tailspin and a full bear market we might be seeing 0.03cents area till year Jan 2023, but for this scenario Bitcoin must be in a long full bear market, but the recovery should be fast.
Those are very nice accumulation and DCA levels from 0.05cents up to 0.014cents. Breaking above the Resistance line can be as fast as 10cents.
PS: The Ravencoin halving was never priced in the chart because it didn't break above the resistance level.
The Chart shows that we've broken the 0.08Cents Major support and the 0.052 Support Area must hold this price for the next volatility. If we break below this line and BTC goes into a tailspin and a full bear market we might be seeing 0.03cents area till year Jan 2023, but for this scenario Bitcoin must be in a long full bear market, but the recovery should be fast.
Those are very nice accumulation and DCA levels from 0.05cents up to 0.014cents. Breaking above the Resistance line can be as fast as 10cents.
PS: The Ravencoin halving was never priced in the chart because it didn't break above the resistance level.
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