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
Rvn
RVNBTC Correction, Ready for Entry PositionHey guys!
Stop-Loss I gave to you before is activated and we are going to see some correction.
Fibo 61 is showing us 560 at this moment. So best entry base on my opinion is 530-560. this is our last support so be careful!
RVNBTC -8.49% has good momentum and big momentum means a huge profit.
- RSI is currently in oversold zone.
- EMA is not okay.
- MACD is negative and red.
Do not buy Now except in the buy zone.
Bitcoin number xxx. RVN / BTC analyticsBUY:
SELL:
STOP-LOSS:
Support:
Resistance:
RVN is another fork of open-source Bitcoin code, which has a shorter block formation time. The goal of the project is to struggle with the presence of external control and to increase the parameters of privacy and transparency of actions within the network. The crypto asset is very young, the first generation of blocks took place only in 2017, and the first listing on the stock exchange was in early 2018.
If we talk about the prospects of this coin trading, then opens deals to the asset at the moment is very dangerous. This is due to the fact that the trading volume appeared only after listing on Binance, which took place on October 12. After that, the price increased by 320%, volume by 1500%, but in less than a month, the turnover returned to the original values. This suggests there have been manipulations, and the price will fast return to the support line at the level of 0.00000356. At this stage, the asset is trying to hold above the level of 0.00000600, but the price will go down due to low buyers activity. Opening long positions above the zone 0.00000356 - 0.00000405 does not make sense.
The asset is no interest either in terms of intraday trading and long-term investments. The project cannot boast of a developed idea and clear plans.
We do not plan to follow this asset in the future and give updates on it.
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.
RVN, Big profit base on 1 ConditionHey, guys hope our PHXBTC signal make you reach :)
Now I found another signal. RVNBTC has finished correction so it has attracted buyers.
- RSI show us it is an uptrend
- MACD is positive and the histogram is green.
The possibility of jumping to 850 is high and worth to risk. Buy based on 1 condition uptrend moving from the triangle.
See you on the other side :)
$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 RVN/BTC Bullish action round 2That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly.
Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it!
Original idea by Svarog
RVN/BTC Bullish action round 2That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly.
Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it!
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.
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,
RVN/BTC Raven learning how to flyWe're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario).
If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance.
Upon successful retrace we should be targeting those red highs I've outlined. But one step at a time, first we need to break this resistance.
If we break below the last low we'll have to see how the situation unfolds then.