Raven
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.
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Ravencoin - Long PositionThe price of Ravencoin has fallen by 6.13% in the past 7 days. The price declined by 1.79% in the last 24 hours. In just the past hour, the price grew by 0.35%. The current price is €0.096331 per RVN. Ravencoin is 62.95% below the all time high of €0.26.The current circulating supply is 10,198,255,000 RVN.
#Raven Coin - Another Cup 'n Handle pattern,Prepping for .21205 Raven has recently formed another Cup n Handle pattern after the previous larger cup n handle got rejected.
The recent smaller Cup n Handle formation is almost complete and we may be getting ready to move towards .21205
#Ravencoin block reward HALVENING is in approx 40 days will be one of the biggest trigger which will lead us to newer ATHs.
*There was no PREMINE / NO ICO in this project
*PURE DECENTRALIZED PROJECT (Can't go wrong by vesting in RVN)
rvn long swing ~rvn is flashing a daily algorithmic buy signal today,
usually a daily buy signal is the key indication for a big move up
might consolidate a few more days, but it's coming.
after the initial 5 waves up rvn saw a simple zig-zag into a shallow wave (2) of a higher degree.
looks to have been in a leading diagonal ever since that low into a wave 1 until the recent dip which hit the golden zone perfectly into wave 2.
sub-wave 3 target = $0.24, but i'll be exiting at the 100% extension most likely at $0.17.
taking profit at every fib level is the plan, might leave a runner after the 100% extension if the indicators look good.
🦅RVN- 200MA/key level/dynamic supportThe price is consolidating and is being supported by key level, 200EMA, dynamic support and node of high volume. Doesn't seem to care about BTC dump. Although it's better to stay away and do nothing right now unless you're scalping, this might be an opportunity for a quick trade, but because of current market conditions even if the price breaks out we can expect high sell pressure right away (look at the wicks on ALGO, WAVES or AUDIO from today)
Entry: buy at current price
Targets:
local levels(red) and:
0.15034
0.16901
0.20418
0.24891
0.28932
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About RVN:
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.
Source: coinmarketcap
RVN/USD - Getting ready to explode. Bullish Bias. 😍Raven has formed a very large pennant, in blue. Guess what will happen when we break out?
PUMP TIME!!!
My bias is that we will most likely break above the pennant, re-test it as support and then FOMO towards the all-time high.
With the halving in Jan 2022, Raven is well positioned to PUMP hard. Maybe a new ATH?
We have to be patient, but don't be surprised to see Raven pump in early November.
MACD looks very sexy, volume is increasing... yep. Good signs.
Are you with me? Lets see.
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RVN/USDT - Cup and handle - Raven to $0,50On the RVN USDT graph we can see that the “Cup and handle” pattern has been formed. This pattern may mean an imminent large increase in price. We also see a shift to the 4h RSI graph, from bearish to bullish trend. Price prediction in in the coming weeks and months is $0,50. The price was obtained taking into account the price increase from the bottom in June ($ 0,04) to the August peak ($ 0,165).
Raven could see 0.7 & beyond.Not 100% sure that's a wave 1 but wave 2 did reach as low as expected. So assuming that's the case Raven could reach between 0.5 & 1.4 on it's wave 3. With a standard wave 5 $0.7 is a reasonable minimum target. The smaller areas are common wave 3 targets the larger is wave 3's potential range.
RVN is in a minimum priceRVN touched its supporting line and now the price is at the floor of upward channel. On the other hand RSI indicator trapped in a descending channel. If the static resistance at the price of 17.8 ¢ broken, the price of 28 ¢ is accessable for RVN; If not it will exit from bottom of channel and oscillat around 16 ¢ for a few weeks.