Rvn to hit 0.024 this monthThe 0.018 resistance line became a support line and rvn supposed to enter in an uptrend this month and might hit 0.024
RVNUSDT trade ideas
$RVN BREAKOUT Falling wedge in Weekly TF And also retested ** NGM:RVN BREAKOUT Falling wedge in Weekly TF And also retested **
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
6. **Target Price:**
- Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point.
7. **Risk Management:**
- Consider your risk tolerance and position size to manage your risk effectively. The risk-reward ratio should be favorable.
8. **Monitoring the Trade:**
- Keep an eye on the trade to ensure that the price continues to move in the expected direction. Use technical analysis and other indicators to guide your decisions.
9. **Profit-Taking:**
- Once the price reaches your target, consider taking profits. You can also use trailing stop-loss orders to lock in profits as the price moves in your favor.
10. **Adapt to Market Conditions:**
- Be adaptable and monitor market conditions. If the breakout does not follow through as expected, be prepared to exit the trade with a manageable loss.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
Rvn#Rvnusdt
Considering that a deep and timely correction is still negative, the overall trend is still negative... so the option to buy in these areas is not risk-free... but no purchase in the financial markets is risk-free and we must look for the right areas... Areas where price reversals usually occur.... price stabilization above the trendline can be the start of a big upward positive wave....don't rush...don't work on the futures market for now...good luck
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
inverse head and shoulderpossible inverse head and shoulder.
looking on smaler timeframe for entry.
always use SL.
good luck.
#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.
RVN going down like blackhawkHorizontal level in shorts with two touches. Global downtrend. There is a clear trend of impulse exits to the short after consolidation on the instrument. At the moment, a minimum has been formed on a round number near which the price is being held. In confirmation of the breakdown scenario, I expect a preload, as noted in the screenshot
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 Has a very good investment opportunity Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 587 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
RVNIn the past, the price was supported twice near the support range, but the third time it rejected the same limit and collected all the liquidity. My analysis is that if the current resistance line will be broken and the price will rise to a higher resistance line.
RVN (Ravencoin) Coin Analysis 01/04/2021Fundamentals:
Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no premine, ICO or masternodes. It was named in reference to a TV show Game of Thrones.
As a fork of the Bitcoin code, Ravencoin features four key changes: modified issuance schedule (with block reward of 5,000 RVN), block time reduced to one minute, coin supply capped at 21 billion (ten times more than BTC) and a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) intended to mitigate the centralization of mining caused by ASIC hardware.
Ravencoin aimsto solve the problem of assets transfer and trading over blockchain. Previously, if someone created an asset on the Bitcoin blockchain, it could be accidentally destroyed when someone traded the coins it was created with.
RVN coins are designed as internal currency within the network and must be burnt in order to issue token assets on the Ravenchain. The assets can represent anything: real world custodial objects like gold or physical euros, virtual goods and objects, a share of a project like stocks and securities, airline miles or an hour of someone’s wage, etc.
The planned future versions of Ravencoin protocol will support integrated messaging and voting systems.
The Ravencoin whitepaper was published by Bruce Fenton, Tron Black and Joel Weight.
They stand out over the majority of the crypto crowd in that they were all seasoned businessmen and developers before they started this project.
Fenton is well known in crypto for being a board member and an executive director of the Bitcoin Foundation from 2015 to 2018. Before crypto, he had a solid career in investment banking as the vice president of Morgan Stanley in the 90s and a managing director of Atlantis Consulting for 13 years. Currently, he works as a managing director of Chainstone Labs, a stealth fintech startup.
Tron Black is a principal software developer with more than 30 years of experience, including leading several software companies as a CEO. He has been working in crypto since 2013 on several ventures including Verified Wallet, CoinCPA and t0. He is currently employed with Medici Ventures, a subsidiary of Overstock.com focused on blockchain technology applications.
Weight is a chief technology officer at Overstock.com, a well known online retailer. Previously, he has also been involved with Medici Ventures in roles of COO and CTO. He is a veteran software developer who started his career after graduating from the University of Utah in 1998 right in the middle of the dotcom bubble.
Technical Analysis:
the coin has done its Accumulation zone and now reaccumulating after the impulsive wave which will lead a move up
there are total of 3 Targets defined by Fibonacci Projection
the 3 TP get its confirmation as the 2 TP gets triggered followed by some retracement and price Correction
RVN LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG 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
RVNUSDT needs the confirmation breakoutRVNUSDT is currently exhibiting a bullish pattern within an ascending channel. An ascending channel is a technical analysis pattern characterized by the formation of parallel lines that act as support and resistance levels, indicating a potential upward trend.
In this case, the lower trendline of the ascending channel is providing support, while the upper trendline acts as resistance. The price of RVNUSDT has been consistently respecting these trendlines, creating a series of higher lows and higher highs, which suggests an overall bullish sentiment in the market.
Traders who follow Plancton's Rules are closely monitoring the price action near the $0.02 area. A clear breakout above this level would indicate a strong bullish momentum and potentially open up new long trading opportunities. Plancton's Rules, a trading strategy developed by a well-known trader, provide guidelines for identifying optimal entry and exit points based on market patterns and trends.
Should RVNUSDT successfully break out from the $0.02 area, traders adhering to Plancton's Rules would consider initiating new long positions. This means they would buy the RVNUSDT pair with the expectation that the price will continue to rise further.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Short RVNUSDTLimit short on the B wave.
Stop loss slightly above the wave 5.
Take profit on a 1:3 ratio, between wave 1 and wave 4.
RVN is long now $Considering that this currency is about 40% below its historical low. It is a very good time to buy it. Also, due to the completion of Ethereum mining and the influx of its miners towards the RVN currency, a very good future is envisioned for it.
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
#RVN/USDT - Long - Potential 9.38%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_RVN
Exchange: BINANCE
Timeframe: 360
TP1: 0.01935
Entry: 0.01768
STOP: 0.01601
Entry Conditions:
| Trendline break
| RVI break
| Volume confirmed
Beware of the FED announcement volatility. I'd close early if up prior to the announcement in 6 hours. We can see wild swings in price in the minutes before the rate drops. Also if it is the anticipated pause check total market cap if BTC pumps. A lack of new liquidity will mean BTC dominance pumps even further pulling money from alts to fuel its breakout.
$RVN RVN will likely test its range resistance with a potential shark pattern. Can go up 300% at most.
TRADE OF THE DAY | RVN broke year old support pot. 18% ShortTRADE OF THE DAY | RVN broke year old support pot. 18% Short
Not an overly complex trade here, lost a support that has held of a year with the initial bounce momentum slowing down on the retrace it is shaping up for quite a nice entry with some strong resistances now between entry and Stop-loss and a very comfortable take profit target sitting inside the first key support. Please beware that BTC is insanely volatile at the moment with the current SEC impact - which put this as a higher risk trade regardless of the strong technicals.
