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RVNUSDT

#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.
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by MyCryptoParadise
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:
RLong
by RizeSenpai
3
RVNUSD | Strong correction zone, ready to sell part of the coinsHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Previously, I bought a little RVN coin on spot at a price of $ 0.02 in case of leaving the 0.618 Fibonacci zone, the profit will be about 80% I’m not making any sudden movements yet, I’m just watching the chart, I understand that there is a good positive on the market now and bitcoin is somehow pushing the alts up, due to this, the price may continue to grow to the $0.034-0.037 zone, where I will most likely throw off most of the coins. From the technical side: The asset is now standing under the local resistance of $0.028-0.029 (previously traded zone), I do not exclude the possibility that we can see a reaction from this range to the support zone of $0.020-0.022
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by DanilBlinkov
Ravencoin (RVN) forming bullish Gartley for upto 15% pumpHey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN) with US Dollar pair. Previously RVN broke down the potential reversal zone for a while, but recovered soon and pumped more than 24%. Now on a 2-hr time frame, RVN is about to complete a bullish Gartley move. 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
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by moon333
2
✴️ Ravencoin Long-Term (385% to 666% Potential)Ravencoin (RVNUSDT) peaked in February 2021, almost two years ago. We know that crypto goes through a 4 years cycle. 2 years bearish, 2 years bullish. While it hasn't been 2 full years since the ATH, the bottom tends to be reached before the bear cycle is over. After the bottom is hit it takes a while for prices to recover, break the downtrend and establish an uptrend. RVNUSDT went through a 94.14% correction (-94%.14 from its All-Time High), this is within our numbers. With the bearish cycle out of the way a new bullish cycle can develop. Last week RVNUSDT closed above EMA10 and this week EMA21 is being challenged. The last three candles are green, volume is starting to increase and the RSI is trending upwards. All these signals precede a bullish wave... This pair is going up! Namaste.
Long
by MasterAnanda
8