RVNPERP trade ideas
RAVEN is approaching some price actionHey there.
It lools like that RVN on the 4h chart is approaching a dead end inside the triangle.
We can expect some noticeable price action on the next days.
Put it under your radar!
RVN IdeaAs you can see from the chart there are a couple supports and trendlines. I think RVN will continue to drop a bit more and finish a cup pattern. The bottom purple trendline and first green support line are almost lined up at the bottom of the cup. Few more days of down before next wave up to 44-77c-ish
RVNUSD Setting UpRaven exploded recently and has since pulled back and gone quiet. It looks like it is breaking the downward sloping trend line, but it still must contend with some overhead supply. If it can grind through, we may see another leg higher for this altcoin. With equities firming up, this may be a great time to be long some of the high beta, small cap alts.
RVN inside triangleRaven price is inside a triangle during this market adjustment.
A break up or down is iminent.
Pay attention to the direction, before investing.
Wait for the break out!
RAVEN RVN recovery after dipRaven coin held up very well during the dip on the 20th of february.
We can see a w pattern forming. If the general market is neutral or bullish, we can se a continuation of RVN rally up.
RVNUSD long.RVNUSD long. Ravencoin apparently began to rise exponentially. The rise becomes exponential because commercial terminals use logarithmic scaling as the vertical axis. In the case where a price movement proceeds in 1: 1 fractal iterations, the curve creates an exponential increase due to logarithmic scaling. The current rise target price is 0.72799137 The current level is suitable for taking long positions.
RVNUSD - Symmetrical Bullish TriangleLot of Altcoins are presenting us with a bullish triangle pattern. However, volume has dissipated as BTC/ETH/LTC have regained some momentum. As volume begins picking up, we can continue our upward climb. Have position from 0.04XX.
If it breaks down, it should hold at 0.07 or hold at the 0.0666 which corresponds to the 8dma.
💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. RVN/USD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.0945
TP2= @ 0.1010
TP3= @ 0.1085
TP4= @ 0.1190
TP5= @ 0.1320
SL= Break below S2
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💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. RVN/USD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.0945
TP2= @ 0.1010
TP3= @ 0.1085
TP4= @ 0.1190
TP5= @ 0.1320
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
RVN/USD - New ATH to the MOON!🚀🚀🚀Raven painted a new ATH in a rally that defies gravity, I mean look at it... 8 three day candles in GREEN! At this rate we will get 30 days of green... 😲
Can Raven go higher? Yes. Look at the RVN/BTC pair... we have a long way to go...
The indicators looks extremely bullish and volume has been sustained through the rally. I am a bit concerned that RSI is over 90 already and we may get a pull back at some point to retest the old ATH maybe... then we will go higher.
Bias remains very bullish long term... Raven did an excellent run so far.
Keep your eyes on this coin.
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The GME Fiasco Demonstrates the Need for RavencoinYou are probably aware of the unprecedented events surrounding Gamestop stock, retail investors, a potential short squeeze, and market manipulation by institutions. Thousands of retail investors like myself lost out on what could have been hundreds of thousands of dollars in gains on GME stock due to illegal abuses of the influence that brokerages and hedge funds have.
The legislation is already in place to prevent the naked shorting that led to GME being shorted 140% of float, but it still happened. The legislation is in place to prevent the unbalanced and severe effects that Robin Hood had on GME stock by blocking buy orders for GME and not blocking sells. But it still happened. The potential for the short squeeze was a mathematical inevitability, and even now the brokerages admit that the price could have climbed into the thousands, had not the price been tanked by the halt of buy orders. But it hasn't happened, and may never happen now.
We may see some punishment doled out for this, but we'll never see the money we should have made, which for most retail investors would have been life-changing. The issue therefore is not with the laws, but with the limitations with law itself. Rules against this kind of inequitable market influence and mechanical control over trading are not sufficient to prevent it. The only thing that can truly prevent it is that the conditions for this inequity don't exist in the first place. That is what decentralized finance provides.
The cryptocurrency Ravencoin (RVN) is commonly referred to as being to assets (like stock, gold, art, etc.) what Bitcoin is to money. Ravencoin is built such that asset tokens can be created to represent real assets, either in the generic sense (i.e. many identical gold bars) or in the specific sense (i.e. particular works of art within the larger asset of "art"). Such a system can be used to distribute, buy and sell stocks. It could be also be used to distribute dividends, and even potentially handle the options market.
Were such a decentralized system in place, no institution or individual would have the power to shut down the activities of other traders or manipulate stock in the way that Robinhood and other brokerages have in the GME fiasco. Regardless of the laws in place, this wouldn't have happened had the stock been represented by Ravencoin assets rather than paper certificates. As the continued democratization of finance grows and more average people enter the markets, the protections that cryptocurrencies and decentralized financial systems offer will be more and more crucial in pushing that forward.
I have invested in Ravencoin not only because of the potential profit from that growing movement but also because I like technology and believe in the principles it can be used to uphold, of fairness and liberty. If you got into crypto now you would still be early!
Disclosure: This is opinion, not advice. I have positions in both Gamestop and Ravencoin.
RVN/USD - Raven is going to Heaven! :D ATH in range!Well well, not long after I posted my last idea on Raven, where are we now, inches from the old ATH! :)
Raven pumped for three consecutive weeks and now here we are, less than 30% from the previous ATH in 2019.
I am very confident we will touch the old ATH level and then perhaps face some resistance around that area as supply side/sell side should come in. Nevertheless, the market remains very bullish, so I expect us to go higher if this momentum continues.
First lets conquer our old ATH. :) We are also a bit overextended here, but that should not stop us from another nice pump.
There is no bearish signals on any indicators apart from the 4h RSI which has a bearish divergence, but that is not a good indicator to signal a top during a rally. MACD on all timeframes looks great which is a much better indicators in such conditions.
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RVN going to Disneyland!Small pullback to 034. Good exit point right now, re-enter at 034 for juicer profits.
2 week price goal of 045-055 depending on when we break the orange line, will update
SHORT TERM = SELL / SHORT
LONG TERM = EASY MONEY
