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Rvn

🔥 RVN Massive 1-Year Bull-Flag PatternSince the huge run-up of RVN in the first few weeks of 2021, RVN has seen strong consolidation. This period of consolidation has formed a huge bull-flag pattern on the chart. With RVN reversing from the bottom of the pattern recently, there's a high probability that the price will move towards the top resistance of the pattern. Since bull-flags are classically bullish patterns, I'll be looking for bullish break outs to occur. Targets placed at recent highs. Be aware that the price might bounce of the resistance and move back towards the support. Happy trading!
Long
by FieryTrading
13
RVN/USD: A (Realistic) Bullish Analysis From a Macro ScaleI can say with a high level of confidence that Ravencoin's (RVN) evaluation against the U.S. Dollar (USD) will make impressive moves for the remainder of this market cycle due to factors such as fundamental development with the project itself, prior price actions, and indicators such as the RSI. With regards to fundamentals, RVN is expecting its first halving at Block 2,100,000. Although miners can expect to see their profit revenue be cut in half immediately following the halving (which may initially scare miners), I do believe such is crucial for RVN in the long term. The halving acts as a means of deflating a currency, and in the case of RVN, doing so will allow for the value of each coin to increase. As supply decreases, demand increases: a simple rule of economics. Some pattern movements I've made on the RVN/USD chart also highlight that we are currently in the midst of an overall bullish uptrend. This trend is not the first though; however, it is unique in the sense that we can see overall lengthening trends in the market due to an increase in RVN's market capitalization. This means that moving RVN's overall price will become more difficult with time. This is why other ideas on this platform, claiming for a 10x, or even 100x, are far from likely. However, I do believe RVN has plenty of fuel left in it to make major strides. For starters, RVN will likely test the 20-25¢ range before finally breaking above it. Considering the macro symmetrical ascending triangle forming on the weekly chart since June of this year, as well as prior rejections off this range, I do believe we can hold right above this range. Furthermore, prior bullish movements indicate the same pattern: bearish, rapid bullish, then a consolidation right above, or in, the range it previously had rejections off of. After this consolidation, another pump may lead to a blow-off top, which causes bleeding of the price from thereon. Indicators such as the Relative Strength Index (RSI), which has proven to be reliable in the last few decades, show we are currently at levels where bounces often happen. With these bounces are upwards movements in price. Furthermore, being able to hold the twenty and twenty-one-week moving averages would make me only more bullish on RVN/USD's price in the short term. While there are a plethora of other factors, albeit minor, that contribute to my overall bullish attitude of RVN, I do believe these three primary reasons can act as a foundation for the reason I feel how I do currently. The largest threat against RVN is currently Bitcoin (BTC). However, statistical data has shown that Bitcoin performs strongly in Q4 and Q1, so it can be assumed that Bitcoin will continue on its own bullish uptrend, which, in turn, carries altcoins like RVN along with BTC. --- TL;DR: I am currently bullish on RVN's price possibility, and am investing in the project with the belief that it can achieve an impressive 35-40¢ price range. RSI, historical trends, technological developments, as well as many other factors, further emphasize the possibility of such prices and reinforce my beliefs about the project this market cycle.
BINANCE:RVNUSDLong
by OllieOwl
rvn long swing ~rvn is flashing a daily algorithmic buy signal today, usually a daily buy signal is the key indication for a big move up might consolidate a few more days, but it's coming. after the initial 5 waves up rvn saw a simple zig-zag into a shallow wave (2) of a higher degree. looks to have been in a leading diagonal ever since that low into a wave 1 until the recent dip which hit the golden zone perfectly into wave 2. sub-wave 3 target = $0.24, but i'll be exiting at the 100% extension most likely at $0.17. taking profit at every fib level is the plan, might leave a runner after the 100% extension if the indicators look good.
Long
by notoriousbids
🔥 RVN Pennant Break Out: Volatility IncomingA few days ago I made an analysis on RVN and its 10-month pennant pattern. As of yesterday, the price has broken out of the pennant and is likely to resume the trend. Classically, consolidation pattern break outs come with a decent amount of volatility once they break out. Since this is a 10-month pattern, I'm expecting a nice move in the coming days. A less risky trade would be to wait for the price to come above yesterday's high, around $0.15, before stepping in. Happy trading!
Long
by FieryTrading
18
RVN/BTC buy opportunityHi followers, BINANCE:RVNBTC showing very positive signs for possible new up move, buyers stepped in on the support area, with higher lows and a break out above the down trendline. Those signs suggest a potential up move. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only
Long
by FradkinXBT