🆓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"
RVNUSDT
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 $0.02 in case we break above current levels.
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RVNUSDT 4D : BEST Level to BUY/HOLD 70% gains(SL/TP)(NEW)RVNUSDT 4D : BEST Level to BUY/HOLD 70% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Congrats if you followed the original setup.
already making money. click play to recap.
🔸 Summary and potential trade setup
::: RVNUSDT 4days/cadnle chart review
::: chart looks good /strong
::: speculative U-shape recovery
::: limited downside from here
::: repeat fractal from the past
::: 70% gains BUY/HOLD
::: downside limited from here
::: BULLS buy/hold at market with
::: a tight stop loss
::: TP bulls is +70% gains later
::: exit near point D +70% gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +70% gains
::: recommended strategy: BUY/HOLD at market
::: TP BULLS +70% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RVNUSDT BINANCE:RVNUSDT
What we see now :
1- the price at 0.015$
2- the support level at 0.11$
3- the next resistance level at 0.14$
4- the candle at the support level now
5- now there is 3 positive buy signals
6- the price crossing the downtrend line
what we do now :
- wait for daily closing confirmation above the resistance level before taking position in this trade
- follow the robo for sell signals
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"
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.
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.
RavenCoin - RVN | Double DottomIs the market maker still alive? Indicators are tired of being oversold.
My targets:
Short Term -> 0.01518$
Mid Term -> 0.01780$
Long Term -> 0.03400$
NOTE!: Ravencoin's block reward will halve in Jan 2022. (5000 RVN -> 2500 RVN) You can confirm this event from Ravencoin's official Twitter account.
This analysis is not investment advice. You should do your own research!
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 🙏🎉
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Not Financial Advice 💸
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