Ravencoin
Ravencoin-RVNBTC-
It broke below the long-term trendline and the 0.00000342 point.
Below 0.00000342 is a long-term investment area.
-RVNUSD-
It fell sharply at 0.02754811, rebounded to 0.02492303 and then fell again.
It is possible to touch the 0.02077220 point as the BTC moves.
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Everyone wants to make a lot of money while trading.
It is important to select when to fall out and when to enter.
RavencoinI will see it in the short term.
-RVNBTC-
You should settle at 0.00000415 and check if you can climb.
We believe that trading above 0.00000534 is a trading zone with higher turnover of funds in the short-term investment area.
Arriving at this point will require trading for profit.
-RVNUSD-
Suddenly, the long-term upward trend line was touched.
Check if you can cross this trendline.
Unlike RVNBTC, the current position is located in the section where short-term trading is possible.
You should think about how to trade by increasing your turnover.
The price may fall to break above the upward trend line, with the potential to touch 100MA.
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Everyone wants to make a lot of profits.
However, not everyone can make a lot of money.
I set a goal for the coin I want to invest in advance, and I think that only those who can make a profit when approaching that goal can make a lot of money.
I hope you have a good result.
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar 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 65.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0236 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0236)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
There is a trading opportunity to buy in RVNUSDTechnical analysis:
. RaventCoin/US Dollar 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 65.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0236 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0236)
Ending of entry zone (0.0192)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.03395
TP2= @ 0.04317
TP3= @ 0.05055
TP4= @ 0.05798
TP5= @ 0.06845
TP6= @ 0.08190
TP7= Free
RavencoinI will see it in the short term.
-RVNBTC-
Attempting to break through the 0.00000342, uptrend line and 20MA.
If you succeed, you will be in a position to look forward to.
-RVNUSD-
If we receive support at 5MA or 0.02492303, we expect to break above 0.02754811.
Several attempts to break through failed but could potentially touch 0.02369882.
Ravencoin big volume spike, accumulation coming to an end Ravencoin is a good fundamental project also it is quiet decentralized(very less left as of now) there are individual miners which are mining RVN, and when miners especially individual ones are joined into mining a coin you have the idea that it's not going to fail or is a Scam. Even Raven had no funds raised or premined and is a working protocol.
Looking at the chart we see a big volume spike today nearly half a billion are bought, also it is in a consolidation since last 4 months(like most altcoins as general) and few of ones which haven't spiked yet. If we look closely there is also a W kind of bottom forming and the support is like its always there for this coin at the bottom level. If we look at the previous bull runs of this coin it has a tendency to go exponentially in days (look left on the chart)
You can buy it as per your investment and trading style as the big volume can be an indication for the beginning of next wave up in this market, if you are a midterm trader you can easily ride the complete wave, targets are on the chart sl can be used as per your risk management scenario.
Also the price is high atm cz of bullish move you can wait for it to go down a bit and then buy. Don't forget to use SL as per your style.
Happy Trading.
RavencoinRVNBTC chart was added.
It's the RVN I was looking for next year's revenue.
The RVNBTC chart is in the long-term investment area, while the RVNUSD chart is in the mid- and long-term investment area.
We recommend that you wait for a while before ascending to the 0.00000342 point.
In addition, we should check whether we can support the upward trend line.
With support of 0.02077220, it is in the mid to long term investment horizon.
As long as it suits your investment preferences, you can buy a little with the support of 0.02369882.
However, be cautious as the investment may take a long time.
If you have support at 0.02754811, we recommend buying near 0.02754811 and selling when you touch the upward trend line.
In addition, if you sell only a part of the quantity and touch the 0.03850564 point, you can also sell.
Ravencoin
Below 0.00000342 is a long long-term region.
I should check if I can climb to the 0.00000342 point and the upward trend line.
Then I'll see the price move.
Between 0.02077220 and 0.02754811 is a medium to long term investment area.
We should check the price movement after rising above 0.02754811 point.
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RVN is the coin you were looking for next year's profits.
If you want to make a profit on the upcoming bull market with this coin, I recommend buying slowly when it rises above the 0.02369882 point, and starts selling if it rises above the upward trend line.
However, the price may not rise due to mid / long-term investments, so be careful about buying.
$RVN ~ RavenCoin$RVN appears to be pushing out of it's trading range. It's been here for a while with heavy accumulation.
As most alts are, are breaking out and even flipping S/R once broken out. $RVN is yet to move. $RVN moves hard and fast when it finally does.
I think it's ready and I'm in.
Let's grab a bag here at 306-312.
Targets:
343 > 350 > 366 > 382 > 389 > 418 > 422
Use due diligence.
RVN preparing to launch for a 70% move (part two)RVN looks really good for a bounce in the coming days/weeks.
Bullish divergences, slowing selling momentum, volume showing signs of accumulation, all indicating a bounce is just around the corner.
Entries in the 327-320 area.
Targeting:
1. 409 for a 25% move in the near term
2. 559 for a 70% move in the medium term
Daily candle close below 290 or any kind of new low from here would invalidate the trade.
Previous 50% move on RVN:
Altcoins: Consider Ravencoin (RVN)If blockchain investment is back (per President Xi), then altcoins can start new uptrends.
One beat up coin is Ravencoin (RVN). RVNBTC is holding on a big Fib speed resistance line near 300. For us, upside potential is a move to the previous 4th wave at 900. That is a potential 3X return.
Bottom Line: If blockchain is back, and the tokenization of everything happens, and there's nothing hidden wrong with Ravencoin, we see RVNBTC as a good risk-reward long.