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Ravencoin Perpetual Futures

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RVNPERP trade ideas

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. Like and follow if you liked this idea!
BINANCE:RVNUSDLong
by DU09
3
Need to see this support hold, very important levels.As we can clearly see, RVN has broken above a support/resistance level and is now back testing it. The BTC pair shows a clear descending wedge that has been in the forming for about 450 days... As with all things, what goes up must come down. RVN pumped really quickly to its ATH which has now cost it over a year of descent into low prices. The lack of any deciding movements and hidden bullish divergence on the BTC pair indicates a possible accumulation phase. It is a matter of waiting for it to make a decisive move.
BINANCE:RVNUSD
by filipbronola
The Party Is On If We Break This Fib LevelThis is definitely a dangerous time to be investing in the markets (chart showing why linked below), but with the stability Raven coin has shown with this last market correction im actually quite bullish in the short term. Do your own Due diligence before investing of course, as this could have a correction back down to the last fib level and continue ranging for some time. I have no real target for this move, but a return to the (Golden Zone) lower red fib .382, yellow fib .5, upper red fib .618 is my expectation if we do end up breaking out here. As always DYOR and safe trading.
BINANCE:RVNUSDLong
by CapitulationCalls
1
Ravencoin Ravencoin looks primed for a breakout here in my opinion. Bollingar Bands are tightening and when on a weekly time frame this could indicate a huge move incoming. The RSI has been forming a bullish divergence for weeks/months now and it has begun to breakout. Not only do we have these two indicators to make think we are going for a breakout but we also have just broken a very strong weekly resistance, all we need now is a close and open above it and we will run nicely hopefully breaking a few more along the way. As we look further down the track I think 0.03 will be wiped out pretty quickly as more people try to fomo into Ravencoin, especially with all the defi hype at the moment I have no doubt we are going to head a lot higher soon.
BINANCE:RVNUSDLong
by jjmcd-93