Get started

Ravencoin

RVN/USDT Gearing up for a Bullish Rally? 👀🚀RVN Analysis💎Paradisers, let's take a closer look at #RVNUSDT, where the current market trends hint at a potential bullish reversal from an essential support area. 💎A glance at #Ravencoin's trading history reveals a significant 80% drop from its previous high. However, the steadfastness at the $0.02024 support level suggests an opportunity for an upward movement. 💎The journey to achieve new highs or surpass previous records has been fraught with challenges, leading to a prevailing bearish sentiment. Yet, the pivotal $0.02024 threshold for NGM:RVN is on the cusp of catalyzing a substantial bullish wave upon further assessment. 💎With a mindset geared towards adaptability, we've outlined a backup plan. If #RVN dips further from this foundational support, we foresee a bullish revival from the secondary support at $0.01596. It's vital to acknowledge, however, that descending below this marker could signal a deeper bearish trend. 💎Maintain adaptability in your trading strategies and stay alert to market shifts, Paradisers. Be assured, the ParadiseTeam is diligently observing these developments, ready to guide you through the evolving market scenarios.
Long
by MyCryptoParadise_Simon
1
RVN LOOKS BEARISHFirst of all, make sure to change your stop to entry when we reach the first target. Be careful, the timeframe is large and this move may take time. It looks like the price is ready to start a large diametric F wave. Wave E now appears to be over. Wave E seems to have been a diametric whose last wave has also ended. 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
Long
by behdark
5
Ravencoin (Binance)Ravencoin is a blockchain platform that focuses on enabling users to create and trade digital assets securely and efficiently. Here's how it compares to Bitcoin and some information on its technology, history, and growth potential in a tokenized world: **Similarities with Bitcoin:** - **Decentralization:** Like Bitcoin, Ravencoin operates on a decentralized network, meaning there is no central authority controlling it. - **Proof of Work (PoW):** Both Bitcoin and Ravencoin use a PoW consensus mechanism to secure their networks. This involves miners solving complex mathematical puzzles to validate transactions and add them to the blockchain. **The Tech behind Ravencoin:** - **Asset Creation:** Ravencoin is designed specifically for asset creation and transfer. Users can easily create and trade digital assets (tokens) on the Ravencoin blockchain. - **Unique Asset Names:** Each asset created on the Ravencoin blockchain must have a unique name, ensuring clarity and preventing confusion. - **Asset Transfer:** Ravencoin provides tools for securely transferring assets between users, with built-in support for messaging and metadata. **History:** - Ravencoin was launched in January 2018 by Bruce Fenton, Tron Black, and others. It was created as a fork of the Bitcoin codebase, with modifications tailored to its asset creation and transfer capabilities. - Since its launch, Ravencoin has gained a dedicated community of users and developers who continue to contribute to its development and adoption. **Growth Potential of Tokenized World:** - The growth potential of a tokenized world is significant, as it opens up new opportunities for asset ownership, transfer, and liquidity. - By enabling users to tokenize real-world assets such as real estate, stocks, and commodities, platforms like Ravencoin can democratize access to investment opportunities and streamline asset transfer processes. - As blockchain technology matures and regulatory frameworks evolve, the tokenization of assets is expected to become more widespread, driving further adoption of platforms like Ravencoin. In summary, Ravencoin distinguishes itself from Bitcoin by focusing on asset creation and transfer capabilities while leveraging a similar decentralized and PoW-based network. Its technology, history, and potential for growth in a tokenized world position it as a notable player in the blockchain space.
Long
by TrojanBible
#RVN/USDT 1W (Binance Futures) Descending wedge on supportRavencoin just printed a morning star on weekly TF, looks promising for mid/long-term recovery towards 50MA resistance. ⚡️⚡️ #RVN/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1x) Amount: 10.1% Current Price: 0.01924 Entry Targets: 1) 0.01703 Take-Profit Targets: 1) 0.02713 Stop Targets: 1) 0.01198 Published By: @Zblaba NGM:RVN #RVNUSDT #Ravencoin #PoW #P2P Risk/Reward= 1:2 Expected Profit= +59.3% Possible Loss= -29.7% ravencoin.org
Long
by TradingOn
1
RAVENCOIN / BTC (by trojabile , looks same x10 ? ) Ravencoin is a blockchain and cryptocurrency that aims to facilitate the transfer of assets from one party to another. It was launched in January 2018 and was designed to enable the creation and transfer of real-world assets, such as tokens representing physical or digital goods, in a secure and decentralized manner. Its protocol is based on a fork of the Bitcoin code. As for its founders, Ravencoin was proposed by Bruce Fenton, a prominent figure in the cryptocurrency space and the founder and managing director of Atlantic Financial, a financial advisory firm. However, the actual development of Ravencoin was led by a team of developers, with no specific individuals or centralized entity claiming ownership or control over the project. The project was set up to be community-driven and decentralized in nature.
Long
by TrojanBible
RAVENCOIN (by trojanbible) Ravencoin is a blockchain and cryptocurrency that aims to facilitate the transfer of assets from one party to another. It was launched in January 2018 and was designed to enable the creation and transfer of real-world assets, such as tokens representing physical or digital goods, in a secure and decentralized manner. Its protocol is based on a fork of the Bitcoin code. As for its founders, Ravencoin was proposed by Bruce Fenton, a prominent figure in the cryptocurrency space and the founder and managing director of Atlantic Financial, a financial advisory firm. However, the actual development of Ravencoin was led by a team of developers, with no specific individuals or centralized entity claiming ownership or control over the project. The project was set up to be community-driven and decentralized in nature.
Long
by TrojanBible
#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.
Long
by MyCryptoParadise
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
Long
by BitonGroup
8
RAVENCOIN🐦PUMP AHEAD😎🚀For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
Long
by traderchamp_
Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42 Here is a screenshot of the 1 Hour Shark For Reference:
RLong
by RizeSenpai
3