RVNUSD
$RVN Has No Chill... Make Another Move After +500% CorrectionRavencoin is a free and open source project & fairly mined (POW) blockchain. Users can issue and control utility, game & securities digital assets/ tokens. Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named and be issued as securities or as collectibles.
You can make your own security token within minutes and have it trade worldwide.
This one has 21,000,000,000 Total Supply and only 3,683,495,000 on circulating. $266,334,969 market cap at the current moment. This project just a new born and good for the hype-rider.
Good chart btw.
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RVN/BTC - 4 Hour Chart - Potential +90%RVN looks like its just completed a wave 4 and is ready for another leg up to complete the large degree 3rd.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Satoshis are more valuable now, this is good for #Ravencoin $RVN...so is increased volume and price action in the cryptosphere. Anyone upset about the RVNBTC chart should take a look at the RVNUSD chart where a new all-time high was set $0.074. As BTC consolidates and likely pulls back a little over the coming days, do not be surprised as altcoins begin to make new highs.
#Ravencoin $RVN back-test of the falling wedge.The Bittrex chart is a little cleaner than the Binance one. I think it is worth paying attention to the RVNUSD chart at this point as Ravencoin enters into price discovery territory. If the price does not break into new highs it looks like it will set into a range between $0.05 and $0.065 .
Same #Ravencoin pattern as 2018 would take price to $0.15 $RVNAs incredible as it may seem it is possible at least that RVN will not stall out at the same USD price as 2018. An analysis of the 2 charts show that the price may have a long way to go if in fact it breaks above resistance over the next week and replicates the same sort of move as it did in 2018.
The $RVN USD chart may play a role now for #RavencoinThe curve formed by higher highs in USD terms is digressive and suggests it will take roughly two weeks to reach the next level of $0.088 or 2200 Sats. When considering the BTC chart alone it looks as though it could make those levels over the weekend. I do not see any clear path forward from here other than to see if it establishes support above 1650 Sat or inversely fails to make it back through that level and hold. For now, I'm neutral on this but I believe it will break higher if BTCUSD does.
RVN/BTC - 4-Hour - Triangle - Potential +20% still waiting for one more touch of the bottom of the triangle to complete the E, then i expect a brake out and hit of my target.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
A trading opportunity to buy in RVNUSDTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
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$RVN breaking out of parallel channel above cloud after E2E #RVNThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between at the 50% retrace and cloud support of 610 Sats can take the price all the way to 1430 Sats . Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures and their utilization of the Ravencoin (RVN) protocol to create securities may be moving the price at the moment:
Excerpt from Overstock.com , Inc. ( OSTK ) CEO Patrick Byrne on Q4 2018 Results - Earnings Call Transcript
seekingalpha.com
"Patrick, I want you talk to the next slide on Ravencoin.
Patrick Byrne
Thank you. Ravencoin is an open-source project towards which Medici Ventures has been especially supportive by contributing labor and mining. The mining of this coin has spread faster than any coin in history. It's 14 months old, the community is very active. We've been supportive of this open-source movement. And although we only own a single-digit percentage of the coins, -- of Ravencoin, it's not just the value of the coins that we find attractive, it is the elegance and robustness of the Raven protocol for digital assets going forward.
Next, Raven has a role to play in a number of these Medici companies. It's been designed and developed as the perfect protocol for digital assets, has significant advantages over both Bitcoin and Ethereum . I think, you'll be hearing very significant news about Ravencoin shortly, perhaps as early as this week. It plays a role in the number of the companies in which we're involved, like you're seeing in front of you here. If you know the business model of consensus, one could say that Medici Ventures is like has a similar business model but where consensus is purist about using ether, we are not purist about using Ravencoin but there are four or five companies in there, at least, that look like they will be making use of Ravencoin."
The hash power on the Ravencoin network has risen in recent weeks by 120%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. It is a great platform to list private company securities as well as gaming tokens.
$RVN support $.03 next move after $.038, $.066 #Ravencoin $OSTKThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between $0.03 Sats can take the price all the way to $0.066. Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures operations could trigger the next surge in price.
The hash power on the Ravencoin network has risen meantime by 100%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
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