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Ravencoin

RVN/BTC - Long• Was using 200MA as support for a while, fell through and started using it as resistance. Now, it has broken through and hopefully will begin to use it as support once again • 50MA was resistance for entirety of downturn, finally burst through with strength • Buy zone: 470-490, essentially at 200MA. Short stop right below. Bounce off 200MA would be EXTREMELY bullish. Target 1: 650 sats Target 2: 850 sats Target 3: 1200 sats • Fundamentally sound project, low valuation (<100 million)
Long
by LightSaberFader
1
There is a possibility for the beginning of an uptrend in RVNBTCTechnical analysis: . RAVENCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. . The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000400 to 0.00000330). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000400) Ending of entry zone (0.00000330) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000510 TP2= @ 0.00000604 TP3= @ 0.00000698 TP4= @ 0.00000815 TP5= @ 0.00001000 TP6= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in RVNBTCTechnical analysis: . RAVENCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. . The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000400 to 0.00000330). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00000400) Ending of entry zone (0.00000330) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00000510 TP2= @ 0.00000604 TP3= @ 0.00000698 TP4= @ 0.00000815 TP5= @ 0.00001000 TP6= Free
Long
by ForecastCity
2
RVN/BTC Re-set following breakout: 34% to the upside Following its recent breakout RVN appears to be falling 13% to the downside before a cooling off period. This period will see a 35% upside. Excellent news to investors and traders alike hunting for gains in this current rock market terrain. What does the Technical Analysis Say? RVN according to Wycoff theory illustrates that following a breakout - there must be a downside to cool off before shooting off for higher gains. Previous historical data illustrates that the last time this occurred, RVN went 13.67% to the downside before blasting 20% to the upside. A 13.39% decrease to the green area in the chart below would be where the supply zone is for previous wicks. Accumulation as shown by the OBV has been spiking up over the past several days Market sentiment has increased for the first time in one week - illustrating that we will see a re-set before a pump. A dump to the 0.618 area will illustrate a historical cooling off period in Crypto according to Nouvive Intelligence. Nouvive sees a trade from 480 Sats to a take profit at 640 Sats. TAKEN FROM: nouvive.com
Long
by FintechDaddy
Raven vs Bitcoin - RVN Price MapHello traders, I hope everyone is having a fantastic weekend. Lets breakdown RVN - RavenCoin A once hyped and sought out coin in the markets after being listed on Binance and giving an impressive run. We are currently have several areas in which we can see clear Supply & Demand. Our 1D Shows us our current levels are a previous Demand Level for Raven. As long as Bitcoin holds the market we can expect to see an attempt @ the marked Supply level. This is also our 0.25 Fib. In the case we dump below our 1D Supply and close. I am expecting price to drop down towards the 300 satoshi range like a magnet and that is where I would look for buys if price were too reach it. Cheers
by TDSniper
NICE BUY OPPORTUNITY ON RVN !!!theres been a lot going on about this coin recently well coming to technicals 1. we have created a big bullish crab pattern on 4H (green harmonic) target near 510ish 2. we have created a nice deep bullish crab pattern (blue harmonic) target near 540 ish 3. we are at a major support too of 500 level (the green BOX ) 4. we are at the 55 exponential on daily (on bittrex chart) 4. there has been nice bullish divergence on the bittrex chart , since binance was offline for 8 hours , i am not able to show it on this binance chart SO SUMMING UP THE THINGS nice to buy at 510 to 540 sats level ,, target 1- 620 SATS target 2- 680 SATS target 3- 720 SATS BITTREX CHART BELOW
Long
by ViperTron
RVNBTC Currently on the DownTrend and reasons whyThe chart is pretty self explanatory and I charted this a few days ago and watched it respect the red trend lines and eventually today break the wedge on the same side. I thought I would send this out to all the RVN holders. It has lost the 636 weekly support and will currently try and come up and first touch on the weekly 613 level and try and hold support there and move sideways out of this trend. It has done this a couple times previously so expect it to do it again and then create a new wedge. Make up your own minds on whether to hold/Buy/Sell your RavenCoin :)
by SoT1
1
Complex Head and Shoulders Completed.It appears that the head and shoulders formation has finally completed. Previous research indicates that upon completion of a head and shoulders top pattern the price tends to bounce and attempt to return to the break out point. However, it should be noted that the completion of a head and shoulders pattern marks the beginning of a major trend reversal. Although there is alot of hype around $RVN and I certainly am a big fan, the completion of this pattern indicates that further declines may be coming in the near future. Of course nothing is guaranteed. Keep a close eye on this if you are involved in this trade and make sure to set stop losses if you are trying to catch this upcoming bounce. Nothing is guaranteed. Always remember that, but the odds are in our favor that this will bounce a little here and then continue downwards in the new downtrend that has essentially just been confirmed.
Long
by BitBookkeeper
$RVN Clear Head & Shoulders on 1hr. WATCH OUTClear Head and shoulders visible on the 1hr chart. This is indicative of a reversal of the previous trend. In this case that would mean a drop back down to the 570 level. Be very careful here. Look for a break below the neckline. It can hover beneath it temporarily and still continue up wards negating the pattern but the diminishing volume only reinforces the strength of this pattern. For those of you learning technical analysis, in order to measure the target of a Head and Shoulders you must measure the height of the move up and subtract that from the Breakout (or rather breakdown) Price. In this case: 740-170 = 570. Good luck and watch this carefully. Frequently after the lower target price is reached and the pattern completes the price rebounds shortly thereafter to either the breakout price or even above it which gives traders who are able to get out before the price breaks down (if it breaks down...it seems likely to) a nice play to gain more $RVN at the bottom and then ride it up for a compounded gain.
Long
by BitBookkeeper
4
RVN/BTC - Long• Broke out of recent short term downtrend, using previous resistance/trendline as new support • Broke through 50 MA which it's been following closely headed upwards for the first time since last bullish move • Volume trending up steadily, similar to before previous run-up • Forming a bullish flag on larger time frames • Strong tech/fundamentals: Mainnet is launched and users are developers are saying very positive things on twitter/telegram Summary: • Aside from technicals, this coin is a good hold because Binance CEO and Overstock are large investors and will NOT let this project ride to zero. They will keep it up and more than likely try to push it higher. If not, and if it's actually not being manipulated, it's an even better hold because that means it is truly decentralized and this project is being valued at true, free market price. Either way, I'm a fan of the tech behind this coin and the chart looks great. All around very bullish.
Long
by LightSaberFader
RVN only starting to growI didn't take part in any of those magnificent 320% growth RVN showed lately. Just couldn't believe it will keep on growing. Now that it finished its retracement I'm ready to jump in. I already had my order set for 703, but that night it fell only till 707... only 4 satoshi and my f**king greed seperated me from 10% profit I would have by the time I woke up. Ok, there are still plenty of profits waiting ahead. Check out day chart below. When you see an open range use fibonacci to estimate how far the price will go before the next stop. In this case I see pretty good possibility to see another 100% profit. Maybe even more. Surely it is not guaranteed yet, as the price has to lift above 800-830 resistance zone. It will be like exit of Earth gravitation and entering space with no gravitation at all. Once the price exit this resistance channel we will see it fly to the moon. Right now I have buy orders around 766 zone which should be a bounce area. And my target is 1500 (= ~100% profit). Not less. Remember - this forecast is valid only for the option when price gets over 800-830 zone. Otherwise RVN will bounce back to 700-730 zone. Good luck with your trades. Push like if you like my work. It will help me a lot,
Long
by WiseAnalyze
1