Ravencoin
RavenCoin/Bitcoin (RVNBTC) Hello Everyone,
RVN Coin kafi time se downtrend me tha 28th march 2019 ko 1724 sat ka high lagaya tha uske baad se continute downtrend me tha,
Finally 12 july 2019 ko 339 sat ka low lagaya hai 1h 4h time frame me aap dekhe to falling wedge pattern ka breakout hua hai,
560-575 resistance zone hai agar ise break karta hai to maximum target abhi 716 sat hai,
Agar aap entry lete hai to SL jaroor lagaiye.
Our previous success analysis:
Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results.
Global Rashid
The Guide To The Right Path
RVNBTC broke below key level - looking for a support zone.RVNBTC has broken below and retested the middle line of the triangle formation which has been formed since the low on 26th of June 2019.
This is a clearcut bearish signal and raises the question where the targets are. We could be greedy and take the whole heights of the triangle, showing the target of 300 Sats. However, I have chosen conservative measurements which point out the target and its middle line shown in black on my chart. These, along with the diagonal line in red which forms a major support zone, are valid target zones and should be eyed for potential reversals.
However: It is very likely for RVNBTC to retest the major resistance zone above consisting of the 0.8 retracement which will most likely be a possible zone for a retest in the comming days.
BTCUSD is making some moves and will determine the way to go.
If you would like to know about technical and fundamental analysis please check out George Beaulieu on Youtube.
When considering to enter the trade please be careful and defensive. I prefer to stay on the sidelines until a setup will occur on the monthly chart. The daily and below are considered as market noise, however it is a good opportunity to learn about specific instruments as well as improving the technical analysis, so please leave a comment below or give me the thumbs up if you would like to see more or are willing to share your thoughts about this.
With patience
heish
RVN (Raven Coin) Once Again Getting Ready For Moon Ride..!!$RVN #RVN (Update)
Making Falling Wedge pattern In Daily Timeframe..
Volume Is Increasing..
All Indicators Are Turning Bullish..
100-150% Profit Expected in Midterm.
Buy Some Around 480-520 Sats
Sell Targets 658-855-995-1193 Sats
Stop Loss Below 440 Sats
What Is Raven Coin...???
It's a new open-source project intended to see if a use case specific blockchain designed to be focused on the transfer of assets can develop technology which provides security or functional advantages for certain projects. Specifically working on things like RSK, which will allow Solidity to work on this chain, will be huge for Ravencoin in the future. RVN was launched January 3rd, 2018 with very little info regarding the future of the project. Since then, several community members have learned that there is an active development team on this coin, and the super clean wallet client and lightning fast network are only the beginning. The RVN team is launching their coin in the spirit of Bitcoin, code first. We hope to keep you updated in this thread as to work being done on RVN, as that information becomes available to us. But you don't need to wait for us or take our word for it.
Thanks For Your Time..
Hit Like On Idea For Support..
Has Raven Found Support At The End of June for a Bullish July?We've been hearing a lot of buzz on Twitter about this company "#Raven" and it seems like it's starting to build some support around the 0485 level. Being valued at $0.06 in USD this one budget friendly investment that can make you hundreds if not thousands of dollar if you simply buy and hold.
I wouldn't suggest trying to scalp this asset because in the long run you will ultimately miss out on all the money you would have possibly made just from holding it. Stick to buying the dips on the particular coin because we can definitely see this getting listed on coinbase very soon.
RVNBTC: Get On The Dump TrainRVN is getting rekt because of the current BTC pamp. It failed to hold the 0.78 fib level and is now heading towards the next support level of approx. 400 sats. If it breaks here, I think will continue to do a full reset back to 280-290 sats. I'm just sitting on the sideline on this and all alts currently whilst BTC is doing it's thing.
Not financial advice. Salute or laugh at me later lol
RVNUSD looks for a better support zone. Where are the targets? Hi,
In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally.
Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market.
Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder of the consolidation and the 0.78 line of the small move to the upside which took place after the flat correction of the rally earlier this year.
To find out where the price is moving to we simply measure the heights of the consolidation and project it at the place where the breakout occured. The middle line is a target as well as other valid support zones in that area. These are in the first place monthly support zones and fibonacci retracements of the rally as well as the target zones of the consolidation .
The intersection between them can give good opportunities to spot opportunities to sell or to buy since they are often the places where reversal or continuation patterns are formed.
Before entering a trade wait until the common centre line is broken and check the fundamentals and the market before entering the trade. I advise to use a top-down strategy as well as multiple timeframes to perform well in the markets.
If you would like to learn more about technical analyses please check out George Beaulieu on youtube.
Thank you very much for reading and f you would like to see more analyses about this particular instrument please give the thumbs up or let me know what you think in the comments below.
Be happy and trade with care
Heish
Is RVN forming a Bat Pattern?Hi,
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
Ravencoin (RVNBTC) Bounces On Strong Support, Where To Next?Ravencoin (RVNBTC) found support at the 0.786 Fib. retracement level of the last bullish wave. This support level also coincides with MA200 and EMA200.
Ravencoin can bounce here and move up before any further correction.
For additional bullish action, it would be a good signal to close above EMA10 (0.00000715) and see additional volume. We will have another bullish wave soon.
Feel free to hit like to show some support.
Namaste.
Ravencoin continues uptrend - 4HHello dear traders.
I see some bullish signs for RVNBTC pair :
1) it started the uptrend after breaking above the purple trendline with confirming volume .
2) broke above EMA(50) in the daily chart by 15%.
3) in 4H chart, Healthy RSI which is in an uptrend and above 50.
4) in the daily chart, RSI looking great. Broke above 50 and resistant trendline.
5) MACD lines above 0 and trending up .
Only bearish thing is Divergence in MACD’s Histogram .
Thank you. Happy trading.