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RVNBTC

RVN loading up for a move!Here's a quick Look at RVN 1 hr chart. As we can see, the price has been forming a bigger symmetrical triangle and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant. The best entry would be when the price breaks above 0.0566$ with a good amount of volume . One to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above 0.0566$ and take profits at the levels shown in the chart. Targets: 1. 0.058$ 2. 0.0598$ 3. 0.062$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
10
Ravecoin Long-Term (1330% To All-Time High + 150% Target)Ravencoin (RVNBTC) is showing some bottom and recovery signals but first, let's look at the long-term chart. Chart: We can see a 1330% potential from the current price to the All-Time High, but we are more conservative and we target smaller waves. Let's zoom in... RVNBTC Weekly Here I am focusing on the higher low long-term. We have date since late 2020 all the way to present time. Notice how the bottom is preceded by a descending channel and also a TD Sequential -8 and -9. The can come a strong price jump. Namaste.
Long
by AlanSantana
1
Rvn broke down from descending triangleRVN broke down from 143 sats level which was its horizontal support and 0.786 fib level. It has retested this level and is about to go down in the coming weeks. This has massive potential after ETH 2.0 because miners will shift to rvn because eth will no longer remain mineable which will increase ravencoin's price. Buyers can look to buy at the supports mentioned on the chart. This is not a buying advice and please do your own research before buying anything.
Short
by NayibSayilor
Ravencoin (RVN) squeezing inside the bullish pennantRavencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved. Earlier the reward for mining a block was 5000 RVN but after the January 2022 halving it got reduced to 2500 Rvn which means less dumping from the miners. As we have seen previously in BTC which increased significantly in value after halving, same might happen in ravencoin as it is a fork of bitcoin. RVN is increasingly used to mint NFT's which means more demand for RVN to issue assets on its blockchain. Rvn price and Macd are squeezing in this massive triangle which it about to come to an end and it might go up sooner or later. Keep this GEM in your watchlists.
Long
by NayibSayilor
1
RVN/BTC 12HOUR UPDATE BY CRYPTOSANDERWelcome to this quick RVN/BTC analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-RVN/BTC tringle pattern conform and retest buy the green zone Entry:-CMP and BUY THE GREEN ZONE 0.00000175,0.00000200 Traget:- 150% to 200% Stop loss:- 0.00000116 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section. Thank you..
Long
by CryptoSanders9563