Ravencoinbtc
Ravencoin in a falling wedge could find bottom support lineRVNBTC seems to be in a falling wedge, and could have found a support for now. I might enter later when we get closer to the resistance line if still at this level.
But with bitcoin being untradable at these levels, we don't know what to expect for alts.
Will keep an eye on it.
RVN/BTC - HIDDEN BEARISH DIVERGENCEAs much as it looks like a clear uptrend, RSI is moving down against price moving up for RVNBTC .
IT'S CALLED BEARISH HIDDEN DIVERGENCE - COMMONLY KNOWN AS BULL TRAP. MOVING DOWN TO LOWER TF WILL PRINT A BETTER PICTURE OF THE CURRENT SCENARIO.
I do not want to do over analysis on this and tried to keep it simple and on point.
I also see this small uptrend as an "B" Wave of the correction wave. Previously completed ABC correction wave to me is sub wave of A wave.
Will update this at next important turning point. For now, its a bull trap for me.
BTC-RVN RavenCoin - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2018 ( 1 / 10 )
Volume 24 H : 15000 BTC ( 7 / 10 )
Available Markets* ( 3 / 10 )
Social Media Rate ( 4 / 10 )
Ranks ** - 60 ( 8 / 10 )
Website ( 4 / 10 )
Type Enabling users to issue tokens on a secure and decentralized blockchain.
Overall ( 4 /10 )
Ravencoin is still pretty new to crypto family.
It has to work hard to proof itself. That's why No long term target. Play for a daily profit.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
Shaven #Raven or Beardy Weirdy? $RVNI'm going long on $RVN. Fundamentally, it strikes me as a good project. Psychologically, I'm gutted that I missed out on a trade recommendation earlier this year, so want to make something on it before the year is out!
Looking at the 4 hour chart:
Price is above and looks to have found support on the 13EMA
Clearly defined risk with stop set just below recent swing lows
Upside target of November swing high of 550 sats seems reasonable and offers good R/R
Potential to MOOOOON
The crypto market is currently experiencing a relief rally from the painful bear market smackdown that has defined 2018. Hopefully, bitcoin can run on for a few days and some of these alts can get a bit of breathing space too. However, I'll be looking to close all my alt trades when clear signs of distribution appear on the individual charts (long upper wicks, swelling volume at the top of a trade, corrective jagged price patterns creeping to the upside).
RVN starting a new cycleRaven had an amazing bull run, one of those to remember. Correction was the same. Now it shows some signs of starting to grow again. Lets see if it stays above lower trendline. In this case we might see even higher highs in December.
New cycle may bring a downtrend as well, especially if Bitcoin fall. In this case it may hit 400 before starting to grow again. So use tight SL.
Day chart
If you like my work please push LIKE =)
There is a possibility for the beginning of an uptrend in RVNBTCTechnical analysis:
. RAVENCOIN/BITCOIN 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 50.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000400 to 0.00000330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000400)
Ending of entry zone (0.00000330)
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 the 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= @ 0.00000510
TP2= @ 0.00000604
TP3= @ 0.00000698
TP4= @ 0.00000815
TP5= @ 0.00001000
TP6= Free
There is a possibility for the beginning of an uptrend in RVNBTCTechnical analysis:
. RAVENCOIN/BITCOIN 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 50.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000400 to 0.00000330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000400)
Ending of entry zone (0.00000330)
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 the 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= @ 0.00000510
TP2= @ 0.00000604
TP3= @ 0.00000698
TP4= @ 0.00000815
TP5= @ 0.00001000
TP6= Free
Raven vs Bitcoin - RVN Price MapHello traders, I hope everyone is having a fantastic weekend.
Lets breakdown RVN - RavenCoin
A once hyped and sought out coin in the markets after being listed on Binance and giving an impressive run.
We are currently have several areas in which we can see clear Supply & Demand.
Our 1D Shows us our current levels are a previous Demand Level for Raven. As long as Bitcoin holds the market we can expect to see an attempt @ the marked Supply level. This is also our 0.25 Fib.
In the case we dump below our 1D Supply and close. I am expecting price to drop down towards the 300 satoshi range like a magnet and that is where I would look for buys if price were too reach it.
Cheers
RVNBTC Correction, Ready for Entry PositionHey guys!
Stop-Loss I gave to you before is activated and we are going to see some correction.
Fibo 61 is showing us 560 at this moment. So best entry base on my opinion is 530-560. this is our last support so be careful!
RVNBTC -8.49% has good momentum and big momentum means a huge profit.
- RSI is currently in oversold zone.
- EMA is not okay.
- MACD is negative and red.
Do not buy Now except in the buy zone.
RVNBTC Currently on the DownTrend and reasons whyThe chart is pretty self explanatory and I charted this a few days ago and watched it respect the red trend lines and eventually today break the wedge on the same side. I thought I would send this out to all the RVN holders.
It has lost the 636 weekly support and will currently try and come up and first touch on the weekly 613 level and try and hold support there and move sideways out of this trend. It has done this a couple times previously so expect it to do it again and then create a new wedge.
Make up your own minds on whether to hold/Buy/Sell your RavenCoin :)
RVN only starting to growI didn't take part in any of those magnificent 320% growth RVN showed lately. Just couldn't believe it will keep on growing. Now that it finished its retracement I'm ready to jump in. I already had my order set for 703, but that night it fell only till 707... only 4 satoshi and my f**king greed seperated me from 10% profit I would have by the time I woke up. Ok, there are still plenty of profits waiting ahead. Check out day chart below.
When you see an open range use fibonacci to estimate how far the price will go before the next stop. In this case I see pretty good possibility to see another 100% profit. Maybe even more. Surely it is not guaranteed yet, as the price has to lift above 800-830 resistance zone. It will be like exit of Earth gravitation and entering space with no gravitation at all. Once the price exit this resistance channel we will see it fly to the moon.
Right now I have buy orders around 766 zone which should be a bounce area. And my target is 1500 (= ~100% profit). Not less.
Remember - this forecast is valid only for the option when price gets over 800-830 zone. Otherwise RVN will bounce back to 700-730 zone.
Good luck with your trades. Push like if you like my work. It will help me a lot,
$RVN Keep and eye on OBV, RSI, and MACD break of Supports This is an incredibly educational trade! It will either break above .786 fib level for the beginning of a third wave or the second wave will correct down to .618 or lower.! So far oscillators and on balance volume are holding up! Keep an eyes on those supports and resistances (.618 fib retrace level for support, .786 fib level for resistance)). As always....be disciplined. Luck doesn't exist.