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Ravencoin

RVNUSD 0.0600 Ultimate TargetRavencoin (RVNUSD) has seen a very strong and rapid growth in the past 3 days after rebounding on the 1D MA50 (blue trend-line) and is now very close to the 1D MA200 (orange trend-line). The last rise of such magnitude has been from July 30 to August 11 2021. RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June 15 being an Inverse Head & Shoulders (IH&S) pattern. That has a technical target of the 2.0 Fibonacci extension. Since we are that close to the 1D MA200, it would be less risky to buy only if it breaks or upon a pull-back to the 1D MA50. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:RVNUSD
by TradingShot
5
Ravecoin Long-Term (1330% To All-Time High + 150% Target)Ravencoin (RVNBTC) is showing some bottom and recovery signals but first, let's look at the long-term chart. Chart: We can see a 1330% potential from the current price to the All-Time High, but we are more conservative and we target smaller waves. Let's zoom in... RVNBTC Weekly Here I am focusing on the higher low long-term. We have date since late 2020 all the way to present time. Notice how the bottom is preceded by a descending channel and also a TD Sequential -8 and -9. The can come a strong price jump. Namaste.
Long
by AlanSantana
1
RVN RAVENCOIN USD BOUNCING OFF SUPPORT EXPLOSION INCOMING $2.50RVN RAVENCOIN USD Is looking great to me. The bottom is either in or one more test of the support line before the next explosion upwards. I can see at least $2 with this project. They are still working hard and fundamentals have only changed for the better since the last runs. I'm accumulating now. If support breaks and closes a daily below $.02 cents then expect a much further retrace down to prior support levels around $.01 cent. I don't think that is what will happen though I think a nice move is incoming, MACD is curling up, RSI is curling up and BBWP is starting to expand again so volatility is going up. A move is close and I think its more than likely to the upside. This is just my opinion and not trading advice. Good luck and thank you.
BINANCE:RVNUSDLong
by Bitgolder
6
Rvn broke down from descending triangleRVN broke down from 143 sats level which was its horizontal support and 0.786 fib level. It has retested this level and is about to go down in the coming weeks. This has massive potential after ETH 2.0 because miners will shift to rvn because eth will no longer remain mineable which will increase ravencoin's price. Buyers can look to buy at the supports mentioned on the chart. This is not a buying advice and please do your own research before buying anything.
Short
by NayibSayilor
#RVN has broken out of a year long Symmetrical Triangle PatternRavenCoin appears to have broken out of a year long symmetrical triangle on the weekly chart after posting a strong hammer candle last week. Depsite the bearish sentiment that is being expressed by many frustrated traders, now is not the time to sell in my opinion. This chart with its double bottoming bullishly divergent MACD coupled with this pattern breakout could be on the verge of a major breakout. We have seen this behavior in the past from RavenCoin. Fundamentally, the coin just went through a Halving event which is typically bullish since the supply to miners is cut in half during these events. This may be the perfect opportunity to both start mining RavenCoin, and start investing and accumulating this cryptocurrency. Furthermore, the coin is in the top 100 coins in terms of market cap and frequently appears on LunarCrush social analytics as a leading coin in social media exposure. Finally, Ravencoin is a GPU mineable coin which frequently has risen to the number 1 GPU mined coin in the world. This popularity amongst miners is bound to attract many of them back to the coin when Ethereum goes Proof of Stake. Yet another reason why I believe now is the time to dollar cost average and accumulate this coin. Let's see how this turns out, but if the past is any prelude to the future, we may be looking at a coin with HUGE potential here.
Long
by BitBookkeeper
4
Ravencoin (RVN) squeezing inside the bullish pennantRavencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved. Earlier the reward for mining a block was 5000 RVN but after the January 2022 halving it got reduced to 2500 Rvn which means less dumping from the miners. As we have seen previously in BTC which increased significantly in value after halving, same might happen in ravencoin as it is a fork of bitcoin. RVN is increasingly used to mint NFT's which means more demand for RVN to issue assets on its blockchain. Rvn price and Macd are squeezing in this massive triangle which it about to come to an end and it might go up sooner or later. Keep this GEM in your watchlists.
Long
by NayibSayilor
1
🆓Ravencoin (RVN) Jan-27 #RVN $RVN . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.06$ zone 🔴Buy : 0.06 🔴Sell : 0.075 - 0.085 - 0.1 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.06$ zone 🔵Sell : 0.06 🔵Buy : 0.05 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
3