Chart of the Day: Ravencoin (RVN)

Ravencoin is a newer coin I'm watching right now. It appears that we have an attempt to trace out an impulse, a five wave structure. However, we only have three up so far. I have support for wave iv at at 2.98 cents. Ideally that level is held and we make a run to the 9 cent region. If this is fulfilled than we can watch for the next degree wave 2 pull back for a much larger swing trade. I plan to scalp Raven for the fifth here, but may consider putting raven in my long term portfolio if we get the next degree. I'll map that out after the fifth completes.

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