🚨 Impulse breakdown on #RVNUSDT🚨 SHORT #RVNUSDT from $0.0208
1h TF. For several days, the downward trend of movement continues for this instrument, after a strong impulse drop, the pressure from the seller continued and the price was gradually rounded into a short + an hourly level was formed with several smooth touches, the breakdown of which I will consider, trading volumes decreased noticeably, I expect to see an impulse breakdown at the feet of participants and movement into the buyer's area of interest at around $ 0.02
RVNUSDT
🌟🔍RVN's Breakout and Potential Rise 🚀
🔺 RVN's Key Weekly Trend Line Break: Ravencoin (RVN) has broken a crucial trend line in the weekly timeframe. It's been five weeks since the breakout, with a near 40% increase in price since then. However, the main bullish movement is yet to start.
🎯 Weekly Entry Triggers: The entry triggers for the weekly timeframe are set at $0.01946 and $0.02402.
🕒 4-Hour Strategy: In the 4-hour timeframe, a long position can be opened upon breaking $0.01946, with a stop loss below the previous significant low.
🎯 Weekly Target: If the market moves upwards, the weekly target is around $0.07719, equating to an approximate 302% gain. This target is aligned with the trend line breakout.
🛑 Stop Loss Strategy: For the weekly timeframe, the stop loss should be placed in a way that it doesn’t get hit easily during a pullback to the broken trend line. The safest area for a stop loss is around $0.01070, which is about a 40% risk.
📈 Volume Confirmation: It's crucial that the volume increases alongside the price rise for confirmation.
📊 RSI Oscillator: The RSI has broken its trend line and is facing resistance at 53.57 in the weekly timeframe. A break of this resistance could provide an early entry trigger.
📈 Accumulation Zone: The box between $0.01946 and $0.01388 could be considered as an accumulation zone.
⚠️ Bitcoin's Influence: Keep in mind that Bitcoin is entering a liquidity zone and may face a downturn, which could affect RVN.
🔑 Related Categories:
Trend Line Breakout
Entry and Exit Strategies
RSI Analysis
📣 What are your thoughts on RVN’s potential? Share your strategies and insights! 💬🌐 #RVNAnalysis #CryptoOpportunities #TradeCityPro
📚 Remember: Cryptocurrency trading involves high risk and volatility. Always do thorough research and consider market conditions! 🧠💼
RVN is preparing for the pumpWe have a large diametric for RVN. We now appear to be in wave f from E. In wave g from e inside the green range, you can look for buy/long positions.
This analysis has been updated and linked.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
RVN IS THE BUILDING COINRVN is the coin of the moment with building trend on day frame, this can go further on the swing trend and long term.
RVN has a building trend and can show an interesting break in the coming time frames
And same time it's the coin of the moment.
We follow always what the trend shows depending on the tools and trends we use.
RVN can shows more in the coming time.
RVN / RVNUSDTGOOD LUCK>>>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
RVN ROADMAP (1D TF)The symbol RVN has been in a price correction for about 3 years.
By examining the waves, we can see that the price is inside a large diametric, which is now inside the microwaves of wave E of this diametric.
Wave E itself has become a diametric, which is clear that the price correction will continue.
The RVN roadmap should be as shown on the chart, but there may be minor fluctuations with changes.
The financial market is based on probabilities, so control your risk
#RVNUSDT's Prolonged Downtrend: A Glimmer of Hope?💎The weekly chart for #RVNUSDT paints a predominantly bearish picture. After a rebound from the descending trendline and the 50 Exponential Moving Average on the weekly timeframe, the coin registered a fresh lower low. Notably, #RVN breached the triangle pattern, plummeting to a staggering 868-day low.
💎This extended bearish phase, however, shows hints of a potential conclusion. A noteworthy bounce from the 127.2% Fibonacci support was observed in June. Coupled with the Elliot Wave theory, there's speculation that #Ravencoin might have charted its final 5th downward wave. While these are preliminary indicators and might not conclusively signal a trend reversal, they certainly provide a foundation for exploring potential bullish trajectories.
💎The chart reveals an immediate resistance at the triangle's base, pegged at $0.0188. This region, housing the proximate supply zone, aligns well with the descending trendline, possibly even the 50 EMA. Should this scenario unfold, we could witness a 40% price surge in the forthcoming weeks. The real excitement, however, brews if #RVN surmounts this resistance, potentially propelling the price towards the principal supply zone at $0.0379. Such a move would translate to a whopping 175% ascent from the current Fibonacci support.
💎But let's not get ahead of ourselves. For such an optimistic forecast to materialize, it's imperative for the price to remain anchored above the present support. A breach below this level remains plausible, urging Paradisers to tread with prudence and brace for any eventuality. A heightened sell-off, culminating in a support break, could see sellers driving the price down to the 161.8% Fibonacci support, stationed at $0.0070.
The Crow coin is ready for upside moveRVN COIN on the best altcoins to trade which can make you easy money, Has just tapped the weekly demand zone and is ready for an upside move.
Me and my team have already loaded our bags for an easy 2x from here.
If you have any questions, Just simply dm me on trading view. I would be happy to help
RVN ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the RVN symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ravencoin (RVN) formed bullish Gartley for upto 94% rallyHey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN) with US Dollar pair.
Previously we caught more than 16% pump of RVN a below:
Now on a weekly time frame, RVN has formed a bullish Gartley pattern for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
RVNUSDT is forming a pattern for a short 🟠On the 1h tf we can see how our downward structure continues. After the break we formed a new zone of interest for the sellers. Exactly from it we will enter the short.
The trend is generally descending, so the deal should work out well.
Note : Its not an investment advice Its my point of view always do your own research and analysis before making any investment.
Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42
Here is a screenshot of the 1 Hour Shark For Reference: