RVNBTC
Raven RVN asking permission to flight!RVN has a strong support on 350, but right now is a great moment to enter for the ride so you don't loose it later, worst case DCA till 350 sats and enjoy the uptrend later.
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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, H4, Next roundSubjectively we see the sector is relatively risky for an order, we will decide to wait for this transaction code after the end of this week to confirm the trend. This week there will be slight downtrends before entering the downtrend as the chart. You need to watch the candle end this week to get the trading decision to sell or not
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
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Ravencoin - RVN/BTC - Beginning Of An UptrendRavencoin started a new uptrend after a breaking out of a triangle.
Bullish MACD Crossover on the 4H after a deep correction. The RSI is indicating that there's room left to grow, so we might hit
the first resistance in the next 2 days.
Buy: 0.00000450 - 0.00000490
Target 1: 0.00000569
Target 2: 0.00000647
Target 3: 0.00000815
Target 4: 0.00001000
Please trade carefully and use captial management.
Leave a like or a comment if you like me idea :-)
Ravencoin (RVNBTC) Correction Over?I am looking at Ravencoin (RVNBTC) after its massive really and it might be settling soon. Looking at the charts, it looks like it needs more time.
If it can break and stay above EMA200 (orange line), then RVNBTC can go bull.
While below this line and EMA100 (blue), it will continue consolidating sideways-bearish until the next wave up.
I will keep an eye on this altcoin to trade in the future.
Note: This is no trade advice. This post is for learning, entertainment and for your own benefit.
Thanks a lot for reading.
Namaste.
RVN RavenCoin short term analysisRavenCoin gaining positive momentum in the short term, if it can break the resistance level at 493 satosis i would consider entering a long position, or if it finds support on the 449 level then i would also enter the position and trade by moving averages / heikin ashi candles. More details on the chart.
Feel free to check out my open scripts, feedback and corroboration welcome:
www.tradingview.com
Not intended to be financial advise
Biffy
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
RVN/BTC Re-set following breakout: 34% to the upside Following its recent breakout RVN appears to be falling 13% to the downside before a cooling off period. This period will see a 35% upside. Excellent news to investors and traders alike hunting for gains in this current rock market terrain.
What does the Technical Analysis Say?
RVN according to Wycoff theory illustrates that following a breakout - there must be a downside to cool off before shooting off for higher gains.
Previous historical data illustrates that the last time this occurred, RVN went 13.67% to the downside before blasting 20% to the upside.
A 13.39% decrease to the green area in the chart below would be where the supply zone is for previous wicks.
Accumulation as shown by the OBV has been spiking up over the past several days
Market sentiment has increased for the first time in one week - illustrating that we will see a re-set before a pump.
A dump to the 0.618 area will illustrate a historical cooling off period in Crypto according to Nouvive Intelligence.
Nouvive sees a trade from 480 Sats to a take profit at 640 Sats.
TAKEN FROM: nouvive.com
RVN 'RAVENCOIN" Breakout off INCOMINGWhat's up my crypto fam! He is an EASY 100% gain on ravencoin. Quick profit. I know everyone already in my group made nearly 75% on my BitMEX call yesterday and if your not already in my ZOOM LIVE CHAT CRYPTO TRADING COMMUNITY I HIGHLY SUGGEST you message me and join!
Expected targets are listed above in the chart.
RVN/BTC Hit a major support level, could see a bounce soonSee the 4H chart first:
It seems RVN has hit a major 4H support block within the optimal fib buy zone.
Now if we look at the 1H chart, it seems that we're currently trying to get above this resistance level. Once we do, it should provide us with a retrace into it to retest as support and if bullish, we should see the attempt to take out the previous high.
Trade wisely.
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
RVN BTC H4 BINANCE POSSIBLE INV H8S SETUPDETAILS SEE CHART. THIS IS A SPECULATIVE SETUP - PATTERN NOT COMPLETE YET - SO THIS IS NOT GUARANTEED TO PERFORM.
DO NOT GO ALL-IN THIS TRADE.
MY LMT BUY IS SET AT 550 ON BINANCE, CAUSE DOWNSIDE IS VERY LIMITED BEYOND 550. INITIAL TARGET IS 20-30%. SEE IF THERE'S MORE TO THIS MOVE.
FIND OUT SOON ENOUGH.
GOOD LUCK AND KEEP IT G'ED UP, ALWAYS.
RYDERS.