RVN/BTC - HIDDEN BEARISH DIVERGENCEAs much as it looks like a clear uptrend, RSI is moving down against price moving up for RVNBTC .
IT'S CALLED BEARISH HIDDEN DIVERGENCE - COMMONLY KNOWN AS BULL TRAP. MOVING DOWN TO LOWER TF WILL PRINT A BETTER PICTURE OF THE CURRENT SCENARIO.
I do not want to do over analysis on this and tried to keep it simple and on point.
I also see this small uptrend as an "B" Wave of the correction wave. Previously completed ABC correction wave to me is sub wave of A wave.
Will update this at next important turning point. For now, its a bull trap for me.
Rvn
RVN near the bottomActually RVN formed similar chart to many alts - parallel channel where the price is currently almost at the bottom. For us it means that next BTC move will do the move for all. If it go up most of alts will fly to upper channel with possible breakout. But that is a long way from now. So far I am waiting for it at 370-375 support zone and keep faith in BTC and future targets at 410, 425 and so on.
Bad thing about that setup is that support at 370 was tested already 4 timed at four hour chart and it makes it pretty weak. So in case BTC will be dumped there is no chance it will hold. Put SL below 365.
Trade on your own risk.
$RVN #Ravencoin setting up for large % gains following $BTC moveLook for the following signals:
MTF momentum strategy indicates lower timeframes now aligning with the daily chart.
Tenkan/Kijun cross looks to be imminent.
Long term Down channel broke sideways some time ago indicating that RVNBTC found a bottom.
This is all contingent on BTCUSD continuing its move toward $4800 which is looking ever more likely.
[RVNBTC](44%+ PP) RavenCoin Finds Support - What Next?RavenCoin (RVNBTC) has been retracing since its October's bull run. Now, the charts are looking ready for a move up according to some early signals.
Let's take a look and open a trade.
This is done by request, so please hit LIKE to show your support.
Here are the early signals coming from the daily chart:
RavenCoin (RVNBTC) Chart Signals
Volume has been decreasing which is indicative of an upcoming breakout based on chart structure.
RVNBTC is now trading above EMA10.
We have a bullish RSI and strong bullish divergence on both MACD and RSI. There is a bullish crossover on the MACD as well and the histogram is turning in favor of the bulls.
These are early signals as there is no volume to back them up nor a strong breakout. So please be aware that it can easily breakdown, and that is why we use a stop loss.
This will be a medium risk...
Now, let's get started with this trade.
RavenCoin (RVNBTC) Trade Instructions by Alan Masters
Buy in: 0.00000355 - 0.00000375
Targets:
(1) 0.00000405
(2) 0.00000450
(3) 0.00000525
Stop loss: Close daily below 0.00000300.
Capital allocation: <10%.
EVERYTHING WILL BE SOLVED TODAY
What is it that is changing your mood today?
Is it something challenging?
You know it has a solution, but yet you worry night and day?!
Is it another challenge that for you, is yet to come?
Up until now every blockage has been removed from your road.
So keep on meditating and praying, do it for as long a time as it takes.
If you do it long enough...
EVERYTHING WILL BE SOLVED TODAY!
Namaste.
RVN: The Black Chicken Wanted to chart Raven here, there has been a lot of moves made with this coin throughout 2018.
I have had some small bids fill around the 380 level, as 355 sats is acting as a nice level of support. Some resistance around 500 sats, for now it appears to be ranging between 355 - 500
I could see the 355 support breaking down if the market takes a significant downturn, and am somewhat neutral with RVN where it is. In terms of taking a bigger position, I would wait to buy a dip or trade off the breakout, you may end up bag-holding if you load up in these ranges. Not to say it won't go up from here, that is a possibility, but the price action as been a little lacking recently.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Disclaimer: I am not a financial advisor, and this should not be considered in any way finance advice. Never invest more than you can afford to lose. I am just a Dragon.
Shaven #Raven or Beardy Weirdy? $RVNI'm going long on $RVN. Fundamentally, it strikes me as a good project. Psychologically, I'm gutted that I missed out on a trade recommendation earlier this year, so want to make something on it before the year is out!
Looking at the 4 hour chart:
Price is above and looks to have found support on the 13EMA
Clearly defined risk with stop set just below recent swing lows
Upside target of November swing high of 550 sats seems reasonable and offers good R/R
Potential to MOOOOON
The crypto market is currently experiencing a relief rally from the painful bear market smackdown that has defined 2018. Hopefully, bitcoin can run on for a few days and some of these alts can get a bit of breathing space too. However, I'll be looking to close all my alt trades when clear signs of distribution appear on the individual charts (long upper wicks, swelling volume at the top of a trade, corrective jagged price patterns creeping to the upside).
RVN, H4, Next roundSubjectively we see the sector is relatively risky for an order, we will decide to wait for this transaction code after the end of this week to confirm the trend. This week there will be slight downtrends before entering the downtrend as the chart. You need to watch the candle end this week to get the trading decision to sell or not
RVN starting a new cycleRaven had an amazing bull run, one of those to remember. Correction was the same. Now it shows some signs of starting to grow again. Lets see if it stays above lower trendline. In this case we might see even higher highs in December.
New cycle may bring a downtrend as well, especially if Bitcoin fall. In this case it may hit 400 before starting to grow again. So use tight SL.
Day chart
If you like my work please push LIKE =)
Ravencoin - RVN/BTC - Beginning Of An UptrendRavencoin started a new uptrend after a breaking out of a triangle.
Bullish MACD Crossover on the 4H after a deep correction. The RSI is indicating that there's room left to grow, so we might hit
the first resistance in the next 2 days.
Buy: 0.00000450 - 0.00000490
Target 1: 0.00000569
Target 2: 0.00000647
Target 3: 0.00000815
Target 4: 0.00001000
Please trade carefully and use captial management.
Leave a like or a comment if you like me idea :-)
Ravencoin (RVNBTC) Correction Over?I am looking at Ravencoin (RVNBTC) after its massive really and it might be settling soon. Looking at the charts, it looks like it needs more time.
If it can break and stay above EMA200 (orange line), then RVNBTC can go bull.
While below this line and EMA100 (blue), it will continue consolidating sideways-bearish until the next wave up.
I will keep an eye on this altcoin to trade in the future.
Note: This is no trade advice. This post is for learning, entertainment and for your own benefit.
Thanks a lot for reading.
Namaste.
RVN RavenCoin short term analysisRavenCoin gaining positive momentum in the short term, if it can break the resistance level at 493 satosis i would consider entering a long position, or if it finds support on the 449 level then i would also enter the position and trade by moving averages / heikin ashi candles. More details on the chart.
Feel free to check out my open scripts, feedback and corroboration welcome:
www.tradingview.com
Not intended to be financial advise
Biffy
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)
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
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
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
RVN 'RAVENCOIN" Breakout off INCOMINGWhat's up my crypto fam! He is an EASY 100% gain on ravencoin. Quick profit. I know everyone already in my group made nearly 75% on my BitMEX call yesterday and if your not already in my ZOOM LIVE CHAT CRYPTO TRADING COMMUNITY I HIGHLY SUGGEST you message me and join!
Expected targets are listed above in the chart.