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RVNBTC

RVN/BTC (Strong Downtrend) 💎Technical Analysis Summary💎 BINANCE: RVNBTC -Ravencoin is on a strong downtrend movement for the past months -At the moment, the price has reached the 1.618 Fib reverse support -It might be a good buy zone for long term investors -But for traders who are just looking for a swing position -They wait for proper confirmation or Bullish signs A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
9
RVN looking ready to popI'm sure if you're reading this, you either hold raven, or you've been watching it's chart, wondering when this down trend is going to end. Well, it seems it's close to the end of its formation. Will it happen? The chart looks good, and if history repeats itself, it could be in for some really nice gains. It's currently oversold on the daily, and very oversold on the weekly. It's also completing a fractal of it's previous run up. This one requires patience, but I believe the reward will far outweigh the short term price action to the downside.
Long
by mwinmill
7
RVN/BTC 1D (Binance Spot) Falling wedge breakout & on support#Ravencoin has been retracing for a long time now, a move up seems to be coming! Since it broke out already and it's on big descending channel support, that looks like a good buy zone. Current Price= 0.00000115 Buy Entry= 0.00000116 - 0.00000110 Take Profit= 0.00000128 | 0.00000144 | 0.00000162 Stop Loss= 0.00000098 Risk/Reward= 1:1 | 1:2.07 | 1:3.27 Expected Profit= +13.27% | +27.43% | +43.36% Possible Loss= -13.27% Fib. Retracement= 0.236| 0.5 | 0.786 Margin Leverage= 1x | 3x | 5x Estimated Gain-time= 2400h
Long
by TradingOn
7
RVN Downstream channel. U-turn zone. Past idea +20,30,50,47,30%RVN / BTC (ravecoin) Traded this coin about 9-10 months ago. When there was a breakout of the falling wedge resistance and the possibility of a trend reversal. I partially made several moves, then in the last buy, the price went against me, and I exited the market position. The previous support was broken. Since then, I have not been interested in this coin. The observation began at the end of August. This is an update to an old trading idea for this coin. The situation is very interesting now. Local downlink. Price approached its support (lower channel border) This zone can act as a reversal zone, at least for a local trend. The potential of the channel itself is + 40%. The breakdown of the resistance of this local downtrend channel and the price fixing above the resistance can cause the main trend to reverse. Former trading ideas of this coin: RVN Falling Wedge. First target + 30% Figure potential + 100% RVN. Cycle. Coin for the pumps. Global target Result. Breakout of wedge resistance. The emergence of a trend. + 20% + 30% + 50% Second target taken. RVN Symmetrical Triangle 50/50. Pivot Points. Price clamped. + 47% From the buy zone to the 3 target local zone. +30%
by SpartaBTC
7
Just about 67% in to the wedge formationIt is often observed that the most strong breakouts occur between 60-70% of the length of the formation. This can be quickly observed as well in the previous descending wedge that broke out in 2019. We are currently about 67% of the way into the wedge that I have drawn here. Take note also, that there are also hidden bullish divergences occuring on the weekly chart (not drawn in this analysis, but look for them). A minimum target from the current price is around a 100% move to a historic level of confluence represented by the dotted red line. If the descending wedge has a vigorous break to the upside, we could also have confirmation of a fractal pattern which would indicate that the coin's value in BTC should also surpass it's previous ATH, presenting a 9x gain potential at minimum from the current price. Remember, a project doesn't necessarily have to be good or bad for it to make large returns on investment.
Long
by filipbronola
3