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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_
RVNUSD | Strong correction zone, ready to sell part of the coinsHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Previously, I bought a little RVN coin on spot at a price of $ 0.02 in case of leaving the 0.618 Fibonacci zone, the profit will be about 80% I’m not making any sudden movements yet, I’m just watching the chart, I understand that there is a good positive on the market now and bitcoin is somehow pushing the alts up, due to this, the price may continue to grow to the $0.034-0.037 zone, where I will most likely throw off most of the coins. From the technical side: The asset is now standing under the local resistance of $0.028-0.029 (previously traded zone), I do not exclude the possibility that we can see a reaction from this range to the support zone of $0.020-0.022
Long
by DanilBlinkov
Ravencoin (RVN) forming bullish Gartley for upto 15% pumpHey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN) with US Dollar pair. Previously RVN broke down the potential reversal zone for a while, but recovered soon and pumped more than 24%. Now on a 2-hr time frame, RVN is about to complete a bullish Gartley move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
2
✴️ Ravencoin Long-Term (385% to 666% Potential)Ravencoin (RVNUSDT) peaked in February 2021, almost two years ago. We know that crypto goes through a 4 years cycle. 2 years bearish, 2 years bullish. While it hasn't been 2 full years since the ATH, the bottom tends to be reached before the bear cycle is over. After the bottom is hit it takes a while for prices to recover, break the downtrend and establish an uptrend. RVNUSDT went through a 94.14% correction (-94%.14 from its All-Time High), this is within our numbers. With the bearish cycle out of the way a new bullish cycle can develop. Last week RVNUSDT closed above EMA10 and this week EMA21 is being challenged. The last three candles are green, volume is starting to increase and the RSI is trending upwards. All these signals precede a bullish wave... This pair is going up! Namaste.
Long
by MasterAnanda
8
✳️ Ravencoin Correction Has Gone For 130 Days, Long Enough...On bullish cycles corrections tend to last between 2-3 months. Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days). Yesterday a low was hit with bullish divergence on the RSI. It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done. After the correction follows the next bullish wave with a higher high target in place. Bottom line, Ravencoin looks good. Namaste.
Long
by MasterAnanda
1
RVNUSD | The chart doesn't look good...Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Guys, I haven’t written anything on this asset for a long time, let’s talk a little in a place. If you open the 1D time frame, there will be a clear picture of the fact that the correction to the 0.017-0.015 zone will continue very soon. I showed a 2D chart so that you can see the zone that I highlighted with a red rectangle, this is where you can approximately expect the asset to stop and where a rebound is most likely to occur. The approximate zone where the asset can come in the fall of BTC and ETH is $ 0.015-0.012 accumulation zone (red rectangle) in 2020-2021, it is from there that the buyer’s reaction may be. I'm still watching all the altcoins from the sidelines, if I'm waiting for another market dump, it's better to watch.
Short
by DanilBlinkov
5