RVNUSDT (RAVENCOIN) - POTENTIAL BREAKOUT ANALYSIS 🔎
- RVNUSDT is printing a falling wedge (FW) pattern.
- A falling wedge pattern is a reversal pattern.
- A bullish pattern to be precise.
- RSI is printing a bullish divergence signal (BDS).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.
Ravencoin
🆓Ravencoin/USDT Analysis (23/3) #RVN $RVNThe buying force has come into RVN at its support at 0.18$ zone and RVN will come back to retest the 0.23$ zone, which rejected RVN several times in the last few days.
If it can conquer this 0.23$ zone, it will keep moving up to retest the last peak at 0.28$ or even 0.35$ and 0.45$ zone in next April
📅NEWS
👉Apr 9 : Austin Blockchain Week
👉Jan 31, 2022 : Halving Block Reward
📈BUY
-Buy: 0.18-0.19$. SL if B
📉SELL
-Sell: 0.225-0.235$. SL if A
-Sell: 0.28-0.29$. SL if A
-Sell: 0.34-0.35$. SL if A
-Sell: 0.45-0.47$. SL if A
♻️BACK-UP
-Sell: 0.18-0.19$ if B. SL if A
-Buy: 0.145-0.155$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Raven is on the rise for sure, NEXT is $0.50Raven after the Feb 17 burst of almost 300% up adding substantial gain of 0.29. As of now Raven is forming an ascending triangle witch almost near burst to give us another 75% up that I expect to bypass ATH and continue to the level of $0.50.
Trade at your own risk.
RVN up only, 1 USD targetTargets and invalidation in chart
Super turbo mode.
Triggers:
EIP1559 to get voted in June, expectation to a switch from ETH's miners to RVN's > increase in hash power > increase in security > increase in price
Reversal in RVNBTC pair, PD in RVNUSDT pair, PERPs listed.
Nice development from the team
USD's ATH breakout and following price discovery
6B mktcap soon, 10B next
I don't think it will go straight to the point, but I guess we will see it reaching 1$ sooner or later.
Ravencoin long to wait for entry.Ravencoin long to wait for entry. The analysis shows that the price movement has fallen into an accumulation range. Two scenarios: 1. If it rises from the current level, we move to the long position at the closing green candle above the 0.21164796 level. 2. We are waiting, Because when the fractal is formed we can enter on a much more favorable level. This level can be around 0.13014716. In the event that the fractal movement continues, the rise in price movement could be significant, so the current caution will later seem unjustified. Nevertheless, at these levels, waiting can be a better decision.
Ravencoin has been doing a nice consolidation Ravencoin has now reached the end of the consolidation. Due to the market structure and the increase in the hashrate of the Ravencoin network, I suspect an upward breakout. Of course, it would not be surprising since it breaks down after such a strong rise, but the market structure is very bullish. Ravencoin is also just a very great project and the high hashrate makes the system more and more secure. When ethereum eip1559 comes, a lot of miners will switch to ravencoin again. All in all, you can say the Ravencoin a great young project in which you can certainly invest with success. The first halfing of Ravencoin will take place in January 2022. after this, a very strong price development can be assumed again. I would say it's a great project and if it goes on like this I will gradually invest more. Thank you for reading my review of ravencoin and have a nice day -David
🆓Ravencoin/USDT Analysis (5/3) #RVN $RVNThere was a unexpected buying force when RVN was under 0.14$ zone, so we can expect a further recovery on RVN up to its ATH or even more.
However, RVN had pumped a lot so there must be a lot of selling pressure, so we need to pay attention to 0.19$ zone and 0.22$ zone.
And this 0.14$ zone is very important to RVN because if it loses this zone, RVN will fall down to 0.08$ zone in this March
📅NEWS
👉Jan 31, 2022 : Halving Block Reward
📈BUY
-Buy: 0.135-0.145$. SL B
📉SELL
-Sell: 0.18-0.19$. SL A
-Sell: 0.215-0.225$. SL A
-Sell: 0.28-0.29$. SL A
♻️BACK-UP
-Sell: 0.135-0.145$ if B. SL A
-Buy: 0.07-0.08$. SL B
❓Details
Condition A : "If 12H candle closes ABOVE this zone"
Condition B : "If 12H candle closes BELOW this zone"
$RVN - Bullish Entry (#Ravencoin)Waiting for it to pull back into a 5-30 min order block. Stop loss is placed below fair value gap entry which if it would get much lower would change the market structure and you wouldn't want to be in the trade by this point anyway. But I'm aiming for those equal highs it created on the way down at $0.197900. Entry at $0.163696. and Stop loss at $0.149500 giving the trade a 2.41 win ratio. And I'm feeling pretty good it will pull back into the entry zone HUOBI:RVNUSDT
Ravencoin (RVN) Breaking Downtrend After New LowRVNBTC (Ravencoin) has been going down forever, literally.
A new all-time low was hit 2-Jan. and finally, we are seeing some positive signals.
The RSI was completely oversold and is now coming up strong.
Prices are moving above EMA10.
Green/Bull volume is finally starting to show up.
The MACD is also starting to turn.
These are early signals as the daily candle is yet to close, but a close above 0.00000046 (EMA10) will signal strength for Ravencoin.
I've mapped some targets for you directly on the chart.
This is a low-risk setup with our strategy.
It also has huge bullish potential.
Thanks for reading.
Namaste.
Ravencoin (RVN)HI
RAVEN TIME... OH YES
Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind.
Ravencoin doesn’t have an established team. It’s an open-source project led by the core developers: RavoncoinDev, Tron, and Chatturga (discord usernames). Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team. The core developers launched Ravencoin on January 3rd, 2018 and Fenton kicked off the launch with a Tweet announcing the start of mining. The project gained some notoriety when Overstock CEO Patrick Byrne announced that his company had made a multi-million dollar investment into the team. Since then, the team has been building out the core functionality of asset support and rewards capabilities..
TG 0.12--0.15--2
BYE
💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. RVN/USD 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 70.
Take Profits:
TP1= @ 0.0945
TP2= @ 0.1010
TP3= @ 0.1085
TP4= @ 0.1190
TP5= @ 0.1320
SL= Break below S2
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💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. RVN/USD 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 70.
Take Profits:
TP1= @ 0.0945
TP2= @ 0.1010
TP3= @ 0.1085
TP4= @ 0.1190
TP5= @ 0.1320
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️