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RVNUSD

RavenCoin - RVNUSDT - Phoenix rising from the ashes? BullishRavenCoin is a community driven and a truly opensource project with no pre-mine, ICO etc., built on a fork of Bitcoin code. The project aims to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another. Ravencoin was one of sensational coins that made the moonshot (RVNBTC) in the early 2019 with an incredible move of over 500% in just a month. RVNBTC has been in steady decline since and has hit its all time low in the last week. RVNUSDT has also been on a decline for a few weeks and the harmonic patterns shown on the Daily Chart suggests a strong move up unless invalidated by a low below the Stop Loss line at 0 Fib level, which will offer strong support. A new high above 0.01487 USDT will definitely confirm a Daily impulse move to test the High Resistance Area of around 0.02 USDT. Price pushing above this zone will validate the Bearish BAT pattern with Exhaustion/Reversal likely at 1.272-1.618 Fib levels. Also, the current Daily CCI (Commodity Channel Index) is above +100 and this move is the first time the Daily CCI crossed +100 since August 2020. Entry - Under 0.01300 Stop - Based on Personal Risk Strategy/Risk:Reward expectation Targets - Fib Levels shown on chart (based on Trade Frequency/hold period) Do Your Own Research on Tokenomics and Project fundamentals to get a good idea about the project and its future potential.
Long
by TradeChartist
3
RVN/BTC (Strong Downtrend) 💎Technical Analysis Summary💎 BINANCE: RVNBTC -Ravencoin is on a strong downtrend movement for the past months -At the moment, the price has reached the 1.618 Fib reverse support -It might be a good buy zone for long term investors -But for traders who are just looking for a swing position -They wait for proper confirmation or Bullish signs A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
9
Sideways moviment on RVN/BTCHello, traders. RVN surges strong and drops very sharply after testing important resistance. I believe we will be sideways for a few more days. The asset is inside a large accumulation pattern after the price brokes down an important support level. That could be a bearish accumulation pattern or a sideways movement. In a moment like these, we don't try to guess where the price is going. So we will wait for a better confirmation, Besides that we are in the middle of the pattern. Push the like button and follow us on TradingView.
by MarketMinds
RVN making a move - Could be a lucrative long hereRVN has been on a downtrend for over 2 weeks and has broken the resistance on 2hr and LTF. The trend change means this long could be quite lucrative as RVN held the support despite the RavenCoin attack news recently as the Developers have been quick in acknowledging the vulnerability and reacting quickly to the event. Ravencoin has a strong community and despite the recent news, the Technicals and the trend looks in favor of Bulls. The 2 hr chart shows Trade Entries with Targets achieved so far and ones that have not been hit (Chart uses Plug and Trade to generate entries based on TrendRider - both Premium scripts). If this trend continues, the next targets open up bigger ranges for longs and hence the reward is pretty high here compared to the risk. Recommended Stop Loss - 0.017-0.019 - based on personal risk strategy and timeframe traded As with any trade, Do Your On Research as crypto currency trading has its risks as the market is quite volatile and is dependent on BTC moves.
Long
by TradeChartist
1