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RVNUSDT

RVN/USD - Halving Event in 6 Days. PUMP ongoing.Raven has its halving event in 6 days or 11 January. Price has been pumping for 3 weeks now after that scam breakdown below the blue triangle. Now price appears keen to break out above this formation, but there is one challenge - the $0.13 resistance level. On this weekly timeframe, the indicators are bullish, volume, RSI, MACD and OBV are all looking well positioned for some nice gains to come. But watch the resistance. Once broken, then RVN can pump more. On daily timeframe, we are approaching oversold conditions, but it's too early, I don't expect any significant drop until the halving. Good to keep your eyes on this coin in the near term as volatility is picking up. Bias is bullish right now. Like and follow if you liked my idea!
Long
by DU09
6
RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -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 -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. READ ENTIRE IDEA BEFORE EXECUTION! 🔸 Summary and potential trade setup ::: RVNUSD 2day/candle chart review ::: corrective cycle in progress no ::: expecting cycle low near 0.04 USD ::: updated/revised outlook ::: setup still valid as of RIGHT NOW ::: chart is LOG SCALE ::: get ready to BUY LOW later ::: currently/soon CORRECTION MODE ::: BUY LOW near 0.04 USD ::: entry - late Q4 2021 ::: for now PULLBACK/CORRECTION MODE ::: on the right same a/b/c/d/e fractal ::: 2018/2019 fractal from the past ::: resulted in 800% gains off the ow ::: re-test of range lows is likely ::: point d is BEAR TRAP (fake breakdown) ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +700% gains ::: details: see chart ::: FINAL TP is +700% gains ::: recommended strategy: BUY/HOLD after correction ::: TP BULLS +700% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS/700% gains ::: Sentiment short-term: CORRECTION/MODE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:RVNUSDLong
by ProjectSyndicate
3
RVNUSDT, The price need more correctionHello everybody According to the chart you can see the price want to drop more , we have 2 scenario for this movement of price 1st : After rally finished we need ABC of elliott and according to that we completed AB of correction and we are in Wave C and it can drop more to prz level 2nd : The Correction was finished and now we made wave 1 and we are in correction wave 2 and because of the the price can not drop more that key point level at second buy zone area Until the market is in range zone and this condition is on market we cant say which scenario is correct We need more details to decide what to do ? And because of the tapering and condition of economic in the world we have inflation, we expect the risky market like stock market and crypto market should rise up to pour the inflation and to make the value of a dollar. If you have any question send us messages Good Luck Abtin
Short
by Abtin00
1
RVN/USD: A (Realistic) Bullish Analysis From a Macro ScaleI can say with a high level of confidence that Ravencoin's (RVN) evaluation against the U.S. Dollar (USD) will make impressive moves for the remainder of this market cycle due to factors such as fundamental development with the project itself, prior price actions, and indicators such as the RSI. With regards to fundamentals, RVN is expecting its first halving at Block 2,100,000. Although miners can expect to see their profit revenue be cut in half immediately following the halving (which may initially scare miners), I do believe such is crucial for RVN in the long term. The halving acts as a means of deflating a currency, and in the case of RVN, doing so will allow for the value of each coin to increase. As supply decreases, demand increases: a simple rule of economics. Some pattern movements I've made on the RVN/USD chart also highlight that we are currently in the midst of an overall bullish uptrend. This trend is not the first though; however, it is unique in the sense that we can see overall lengthening trends in the market due to an increase in RVN's market capitalization. This means that moving RVN's overall price will become more difficult with time. This is why other ideas on this platform, claiming for a 10x, or even 100x, are far from likely. However, I do believe RVN has plenty of fuel left in it to make major strides. For starters, RVN will likely test the 20-25¢ range before finally breaking above it. Considering the macro symmetrical ascending triangle forming on the weekly chart since June of this year, as well as prior rejections off this range, I do believe we can hold right above this range. Furthermore, prior bullish movements indicate the same pattern: bearish, rapid bullish, then a consolidation right above, or in, the range it previously had rejections off of. After this consolidation, another pump may lead to a blow-off top, which causes bleeding of the price from thereon. Indicators such as the Relative Strength Index (RSI), which has proven to be reliable in the last few decades, show we are currently at levels where bounces often happen. With these bounces are upwards movements in price. Furthermore, being able to hold the twenty and twenty-one-week moving averages would make me only more bullish on RVN/USD's price in the short term. While there are a plethora of other factors, albeit minor, that contribute to my overall bullish attitude of RVN, I do believe these three primary reasons can act as a foundation for the reason I feel how I do currently. The largest threat against RVN is currently Bitcoin (BTC). However, statistical data has shown that Bitcoin performs strongly in Q4 and Q1, so it can be assumed that Bitcoin will continue on its own bullish uptrend, which, in turn, carries altcoins like RVN along with BTC. --- TL;DR: I am currently bullish on RVN's price possibility, and am investing in the project with the belief that it can achieve an impressive 35-40¢ price range. RSI, historical trends, technological developments, as well as many other factors, further emphasize the possibility of such prices and reinforce my beliefs about the project this market cycle.
BINANCE:RVNUSDLong
by OllieOwl