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Ravencoin Price Analysis RVN / USD: Flight FatigueRavencoin has undergone a bearish reversal after rallying to its highest trading level since late August. The RVN / USD pair has given back around ten percent of its trading value as the broader cryptocurrency market comes under pressure. The RVN / USD pair has been one of the top performing digital assets inside the top 50 this month, with the cryptocurrency adding close to thirty-five percent to it value from its monthly price open to its monthly price peak. The recent reversal in the RVN / USD pair happened at a critical technical area, as the cryptocurrency tested towards the neckline of a large head and shoulders pattern on the daily time frame. The bearish pattern was triggered last month, leading to a sharp decline towards the $0.240000 level. The neckline of the head and shoulders pattern is currently located around the $0.370000 level. Looking at the lower time frames, the early month rally has now created a bullish ascending triangle pattern on the four-hour time frame. The pattern suggests that the RVN / USD pair could rally towards the $0.470000 level if the pattern is fully ignited. It is worth noting that that the RVN / USD pair would need to rally be close to one hundred percent to invalidate the head and shoulders pattern on the daily time frame. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Ravencoin is neutral, at 56.50 %, while the overall long-term sentiment towards the cryptocurrency is also neutral, at 49.00%. RVN / USD Daily Chart by TradingView Upside Potential The four-hour time frame highlights that the RVN / USD pair has now reclaimed its short-term bullish status. The 200-period moving average on the mentioned time frame is now located at the $0.307000 level. The daily time frame highlights that the $0.370000 and $0.400000 levels are key upcoming resistance. It is worth noting that the pair’s 200-day moving average is currently located around the $0.470000 level. Downside Potential The four-hour time frame is showing that major short-term support for the RVN / USD pair is located at the $0.315000 and $0.307000 levels. The daily time frame is showing that the RVN / USD pair’s 50-day moving average is located around the $0.317000 level, while major trendline resistance is found at the $0.303000 level. Summary Ravencoin is starting to come under minor technical selling pressure, after reaching levels not seen since late August this year. The lower time frames are projecting that the recent rally in the RVN / USD pair may still have legs, with the $0.470000 level the likely short-term bullish target.
BITTREX:RVNUSDLong
by CryptoBriefingTA
Ravencoin (RVN): Go With ItRavencoin (RVN) may be in the process of making a genuine breakout to the upside. Ravencoin (RVN) is breaking above a speed resistance line at 420. The next upside target could be 636. That is the location of another Fib speed resistance lines. One of the reasons that we think Ravencoin (RVN) could go on a bullish rampage is that the "previous 4th" wave is up at 935. After a significant downtrend, Elliot Wave practitioners believe a market can rally back to the point where the big crash began. In Elliot jargon, this is called a rally to the "previous 4th." So, while wave counting is a highly subjective business, we believe the previous 4th is up at 935. Ravencoin also makes sense fundamentally. Ravencoin (RVN) can help tokenize assets like real estate. To us, it's a matter of time before sophisticated institutional investors, and even banks, want to start trading tokenized versions of legacy assets. Bottom Line: If there is ever a time to close your eyes and go with a rally in altcoins, Ravencoin (RVN) may be that opportunity.
Long
by tokenmetrics
RAVEN Broke out from descending triangle pattern.Hello friends, We are looking at RVN against the BITCOIN on the 4H or medium timeframe here. It looks like we have broke out of a 4 month bottoming pattern right now, at the same time when Bitcoin also broke bullish. This can get quite profitable as RVN has shown insane pumps in the past. Right now lets aim for a modest 25% gain and from there on evaluate further. Entry: 0.00000430 (about now) Target: 0.00000550 (0.23 FIB Resistance) Stop: 0.00000343 (Manual stoploss after a daily close) Thanks and best regards, Thumbs up and subscribe for more.
Long
by R2BTC2
RVNBTC: A Quality Alt Ready to Move?Looking closely at the chart of Raven (RVNBTC), we some potentially bullish developments. RVNBTC has broken out above it's 21-day moving average. It is also holding above the 21-DMA. The 21-DMA is a major moving average because it is usually a sign of the strength of a trend. Right now, RVNBTC is spending more time above its 21-day moving average than it has in quite some time. We also see that RVNBTC has broken out from, and successfully retested, a large downward sloping wedge. Even though it's a bit counterintuitive, a downward sloping wedge at the bottom of a down move can be bullish. Here's the logic behind it: The downward sloping wedge represents bears continually trying to hold the market down. In this case, the wedge was likely created by non-stop capitulation in the alt market. Then, when the market pops up through the top of the wedge, as RVNBTC has, the market rallies sharply as bears who pressed it lower for a long time get squeezed out by a flood of new longs. We also like what we see from the Parabolic SaR indicator. This indicator helps you know when a new trend is beginning or ending. It is shown on the graph as small dots. Currently, this indicator is flashing bullish, which increases our confidence. Bottom Line : If RVNBTC can help in the tokenization of assets, it may have a future. The chart picture seems to have turned positive, making this an altcoin you can enter into a small long position.
Long
by tokenmetrics
[RVNBTC](146%) Ravencoin Trade Signal | Over 300% PProfitsInstead of the chart analysis let's proceed with a trade signal... Ravencoin is getting ready to move with massive profits potential. Here are the details... Enjoy the profits. ________________ Pair: Ravencoin (RVNBTC) BUY: 0.00000330 - 0.00000360 TARGET: (1) 0.00000395 (2) 0.00000440 (3) 0.00000470 (4) 0.00000510 (5) 0.00000555 (6) 0.00000580 (7) 0.00000625 (8) 0.00000655 (9) 0.00000745 (10) 0.00000880 PROFITS POTENTIAL: 146% (Buy calculated at 0.00000357) STOP: Close weekly below 0.00000280. ________________ This is not financial advice. Namaste.
Long
by AlanSantana
25
RVN Falling Wedge. First target + 30% Figure potential + 100%RVN Falling Wedge. First target + 30% Figure potential + 100% The purchase area is 270-300 satosh. Stop Loss Below - 270 Satoshi. Goals - 390,450,500,550,600 Satoshi. It is worth noting that at the moment, for example, on the binance exchange, the price is clamped by orders. The book of orders for the sale is too heavy, for the purchase on the contrary, after the walls with which the price is kept empty. This is especially done when you need to lower the price or gain a position at low prices. The visual effect for those who are not only looking at the chart. I think that during the growth of sell orders disappear. On the contrary, a purchase book will intensify for a purchase. See the order book on the binance exchange. Watching on other exchanges makes no sense. There is a completely deceitful trading volume made by bots. In addition to bots on binance, there is at least some% of live exchange users.
Long
by SpartaBTC