RVNUSD Setting UpRaven exploded recently and has since pulled back and gone quiet. It looks like it is breaking the downward sloping trend line, but it still must contend with some overhead supply. If it can grind through, we may see another leg higher for this altcoin. With equities firming up, this may be a great time to be long some of the high beta, small cap alts.
RVNUSD
RVNUSD long.RVNUSD long. Ravencoin apparently began to rise exponentially. The rise becomes exponential because commercial terminals use logarithmic scaling as the vertical axis. In the case where a price movement proceeds in 1: 1 fractal iterations, the curve creates an exponential increase due to logarithmic scaling. The current rise target price is 0.72799137 The current level is suitable for taking long positions.
RVN/USD - New ATH to the MOON!🚀🚀🚀Raven painted a new ATH in a rally that defies gravity, I mean look at it... 8 three day candles in GREEN! At this rate we will get 30 days of green... 😲
Can Raven go higher? Yes. Look at the RVN/BTC pair... we have a long way to go...
The indicators looks extremely bullish and volume has been sustained through the rally. I am a bit concerned that RSI is over 90 already and we may get a pull back at some point to retest the old ATH maybe... then we will go higher.
Bias remains very bullish long term... Raven did an excellent run so far.
Keep your eyes on this coin.
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RVN/USD - Raven is going to Heaven! :D ATH in range!Well well, not long after I posted my last idea on Raven, where are we now, inches from the old ATH! :)
Raven pumped for three consecutive weeks and now here we are, less than 30% from the previous ATH in 2019.
I am very confident we will touch the old ATH level and then perhaps face some resistance around that area as supply side/sell side should come in. Nevertheless, the market remains very bullish, so I expect us to go higher if this momentum continues.
First lets conquer our old ATH. :) We are also a bit overextended here, but that should not stop us from another nice pump.
There is no bearish signals on any indicators apart from the 4h RSI which has a bearish divergence, but that is not a good indicator to signal a top during a rally. MACD on all timeframes looks great which is a much better indicators in such conditions.
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RVN/USD - Raven wants to pump! Raven is looking particularly strong here and wants to go higher despite the correction we had in the market today.
We tested the local resistance (dotted line) several times now and I don't think it will last another attempt unless the broader market pulls Raven lower back at support.
If ETH and BTC recover from their fall today, Raven is due for a nice run.
Daily MACD is still bullish and the 4h indicators are a bit flat, but price action is bullish to me so I am bullish on Raven for the next week or so. Lets see how this develops.
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🆓Ravencoin/USDT Analysis (2/2) #RVN $RVNRVN correction is paused in $0.023-0.024 zone, and at here a significant rebound is probable and the target is $0.035
📅NEWS
👉Jan 31, 2022 : Halving Block Reward
📈BUY
-Buy: 0.023-0.024$. SL B
📉SELL
-Sell: 0.035-0.037$. SL A
♻️BACK-UP
-Sell: 0.023-0.024$. SL A
-Buy: 0.0165-0.0175$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RVN/USD - Bullish price action towards $0.02 Raven is looking interesting to me right now. After a prolonged life in this descending triangle, we may get a breakout soon.
As you can see, price is testing the resistance level and it may pump any minute. If that does not happen, then Raven may come back down to re-test support before another try which will likely succeed.
The immediate target is $0.02 / Fib 23.6% which is quite sensible at around 40% gains. The next target after that is $0.036 or Fib 38.2%.
These targets are very likely to be hit after we break out of this descending triangle. We can resume our analysis once that happens. The targets after that are on the chart and will get us close to ATH.
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RVN/USDT - Raven at key resistance, $0.018RVN made a nice 40% rally in the larger pennant and now we are at a major resistance point, $0.018.
I would be surprised if we pass this level without some chop price action . Therefore wait for a breakout to long or if we lose momentum, a short is also a nice risk/reward here to the base of the pennant.
The next significant resistance is $0.02 in case we break above current levels.
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Middle Term Analysis for RVN-USDTHi there!
The SEC has started auditing projects that run ICOs without permission.
Ravencoin didn’t do a fundraise / ICO sell. Nobody got rich on premines or set asides. Significantly, the decentralization of the project is higher, as its its stability. This word is quoted from a community account in Twitter. I support this idea personally but not as a recommendation. So I'm not a lawyer.
Let's do some T&A?
This asset is showing some recovering signs since my last analysis. The community announced that Ravencoin will be halved in last of 2021 or January 2022. If you want to confirm this information, you can check it from CoinGecko.
There may volatility during halving period. Be careful :)
My personal targets:
0.01518$ - Reached in last analysis ✅
0.01780$ - Reached in last analysis ✅
0.02200$
0.03400$
0.04100$+ - If there will be a FOMO, this target may possible, may this asset go to 10x? Time will say that.
My discourses, my analysis and my drawing are definitely not investment recommendations. Cryptocurrency trading involves high market risk. Please take care of your trades. My analysis is for educational purposes, I am not responsible for your losses.
✳️Ravencoin/USDT Analysis (19/12) #RVN $RVN0.0135$ zone is a very good support zone for RVN and gives RVN the ability to rise to 0.015$ and conquer this zone to rise to 0.018$ by the end of December. RVN can completely continue its uptrend as far as 0.025$ in early January.
If RVN loses this 0.0135$ zone, it will fall to 0.011$
📈BUY
-Buy: 0.01325-0.01375$.SL B
-Buy: 0.015-0.0155$ if A. SL B
📉SELL
-Sell: 0.018-0.019$ if B. SL A
-Sell: 0.0245-0.0255$ if B. SL A
♻️BACK-UP
-Sell: 0.01325-0.01375$. SL A
-Buy: 0.011-0.0115$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RVNUSDT 4D : BEST Level to BUY/HOLD 90% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
RVNUSDT 4D : BEST Level to BUY/HOLD 90% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: RVNUSDT 4days/cadnle chart review
::: chart looks good /strong
::: speculative U-shape recovery
::: limited downside from here
::: repeat fractal from the past
::: 90% gains BUY/HOLD
::: downside limited from here
::: BULLS buy/hold at market with
::: a tight stop loss
::: TP bulls is +90% gains later
::: exit near point D +90% gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +90% gains
::: recommended strategy: BUY/HOLD at market
::: TP BULLS +90% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RVN/USDT - Raven in uptrend, 2 cents soonRaven is in a nice uptrend and daily is curving upwards on RSI and MACD, this indicates we can expect further up-trend.
The first major resistance is at the Fib 38% level and $1.8 cents. If we pass those levels further uptrend is due as indicated on the chart.
Raven has lagged in its recovery so far and has been a bit timid about going up, therefore it may pump in the future to catch-up with the rest of the market. A good long is at around Fib 23% level, try to buy a retest and use a Stop Loss just under it.
Should the support line in blue fall, then we will correct further down.