Middle Term Analysis for RVN-USDTHi there!
The SEC has started auditing projects that run ICOs without permission.
Ravencoin didn’t do a fundraise / ICO sell. Nobody got rich on premines or set asides. Significantly, the decentralization of the project is higher, as its its stability. This word is quoted from a community account in Twitter. I support this idea personally but not as a recommendation. So I'm not a lawyer.
Let's do some T&A?
This asset is showing some recovering signs since my last analysis. The community announced that Ravencoin will be halved in last of 2021 or January 2022. If you want to confirm this information, you can check it from CoinGecko.
There may volatility during halving period. Be careful :)
My personal targets:
0.01518$ - Reached in last analysis ✅
0.01780$ - Reached in last analysis ✅
0.02200$
0.03400$
0.04100$+ - If there will be a FOMO, this target may possible, may this asset go to 10x? Time will say that.
My discourses, my analysis and my drawing are definitely not investment recommendations. Cryptocurrency trading involves high market risk. Please take care of your trades. My analysis is for educational purposes, I am not responsible for your losses.
RVNUSD
✳️Ravencoin/USDT Analysis (19/12) #RVN $RVN0.0135$ zone is a very good support zone for RVN and gives RVN the ability to rise to 0.015$ and conquer this zone to rise to 0.018$ by the end of December. RVN can completely continue its uptrend as far as 0.025$ in early January.
If RVN loses this 0.0135$ zone, it will fall to 0.011$
📈BUY
-Buy: 0.01325-0.01375$.SL B
-Buy: 0.015-0.0155$ if A. SL B
📉SELL
-Sell: 0.018-0.019$ if B. SL A
-Sell: 0.0245-0.0255$ if B. SL A
♻️BACK-UP
-Sell: 0.01325-0.01375$. SL A
-Buy: 0.011-0.0115$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RVNUSDT 4D : BEST Level to BUY/HOLD 90% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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-Supply/Demand Zones
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RVNUSDT 4D : BEST Level to BUY/HOLD 90% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: RVNUSDT 4days/cadnle chart review
::: chart looks good /strong
::: speculative U-shape recovery
::: limited downside from here
::: repeat fractal from the past
::: 90% gains BUY/HOLD
::: downside limited from here
::: BULLS buy/hold at market with
::: a tight stop loss
::: TP bulls is +90% gains later
::: exit near point D +90% gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +90% gains
::: recommended strategy: BUY/HOLD at market
::: TP BULLS +90% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RVN/USDT - Raven in uptrend, 2 cents soonRaven is in a nice uptrend and daily is curving upwards on RSI and MACD, this indicates we can expect further up-trend.
The first major resistance is at the Fib 38% level and $1.8 cents. If we pass those levels further uptrend is due as indicated on the chart.
Raven has lagged in its recovery so far and has been a bit timid about going up, therefore it may pump in the future to catch-up with the rest of the market. A good long is at around Fib 23% level, try to buy a retest and use a Stop Loss just under it.
Should the support line in blue fall, then we will correct further down.
RavenCoin - RVNUSDT - Phoenix rising from the ashes? BullishRavenCoin is a community driven and a truly opensource project with no pre-mine, ICO etc., built on a fork of Bitcoin code. The project aims to create a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another.
Ravencoin was one of sensational coins that made the moonshot (RVNBTC) in the early 2019 with an incredible move of over 500% in just a month. RVNBTC has been in steady decline since and has hit its all time low in the last week. RVNUSDT has also been on a decline for a few weeks and the harmonic patterns shown on the Daily Chart suggests a strong move up unless invalidated by a low below the Stop Loss line at 0 Fib level, which will offer strong support. A new high above 0.01487 USDT will definitely confirm a Daily impulse move to test the High Resistance Area of around 0.02 USDT. Price pushing above this zone will validate the Bearish BAT pattern with Exhaustion/Reversal likely at 1.272-1.618 Fib levels. Also, the current Daily CCI (Commodity Channel Index) is above +100 and this move is the first time the Daily CCI crossed +100 since August 2020.
Entry - Under 0.01300
Stop - Based on Personal Risk Strategy/Risk:Reward expectation
Targets - Fib Levels shown on chart (based on Trade Frequency/hold period)
Do Your Own Research on Tokenomics and Project fundamentals to get a good idea about the project and its future potential.
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 🙏🎉
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RVN/USD what will happen in the coming days?Hi every one
no need to say something , chart is speaking it self .
Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea . please support us
Good luck.
One more small drop possible for Raven and then continuation.The lowest line drawn has almost 2 years of history behind. If it does touch there it's not crazy or bad. That spot if it drops should be it' s low and catapult of it into December and next year. This for is accumulation phase so don't wait for that as it might not give it. Dollar cost average in. Remember the market follows bitcoin up and down.
Raven is testing support and the patience of many.After the Bitcoin correction are you accumulating ? RVN has corrected with the market but caught a higher low so far. It has been really testing investors hands and their patience. Any move above the yellow RSI line it's buy and getting above the green trend line shows bullish strength. It should make a higher high on a move above the green RSI trend line.
Invest responsibly and be patient.