$RVN,Breaking above descending trendline $RVN / $BTC
Breaking above descending trendline as it tests resistance at 432sats..
If crossed we can think about a reversal from here but its starting to look interesting..
Volume is slowly rising as well
UCTS Buy signal not appearing on 6H or higher charts for now..
#RVN
RVNBTC trade ideas
RavenCoin/Bitcoin (RVNBTC) Hello Everyone,
RVN Coin kafi time se downtrend me tha 28th march 2019 ko 1724 sat ka high lagaya tha uske baad se continute downtrend me tha,
Finally 12 july 2019 ko 339 sat ka low lagaya hai 1h 4h time frame me aap dekhe to falling wedge pattern ka breakout hua hai,
560-575 resistance zone hai agar ise break karta hai to maximum target abhi 716 sat hai,
Agar aap entry lete hai to SL jaroor lagaiye.
Our previous success analysis:
Legal disclaimer: I am not a financial advisor, You trade at your own risk and nobody can guarantee you results.
Global Rashid
The Guide To The Right Path
RVNBTCRVNBTC
Entonnoir : W/D/H4 (swing)
Nous n'avons malheureusement pas eu cette sortie de compression daily (jaune) par le haut comme envisagé dans mon AT précédente. Mais entre temps, nous avons recompressé en daily et cette fois elle a beaucoup de chance de casser par le haut en réintégrant le dernier creux weekly (entouré blanc) puisqu'on est sur une zone de S/R daily assez importante.
—————
Funnel : W/D/H4 (swing)
Unfortunately, this daily compression (yellow) mentioned in my previous TA hasn't break by its top. Meanwhile, we had another daily compression which will likely break by its top this time as it is right on a strong daily zone of S/R. If it does, we'll probably switch on a bullish bias as it will likely also reintegrates the last weekly bottom (white circle).
RVNBTC enters the last stage of the correction. What to expect?Hi!
RVNBTC has approached the target as shown in my recent post. Now we see a bounce from the support line of the triangle on the monthly chart. Here we are aiming for the upper line of the triangle or the line combining the 0.5 of the height of the triangle and the area where the support and resistance zones are colliding. Patient traders will wait until the monthly candle has closed above and below of the triangle and wait for the low risk entry point, usually at or around the 0.5 of the breakout candlestick or the height of it or one of the three major support and resistance zones of the triangle.
From there one switches to the corresponding time-frame, the two day chart and the two hour chart for example, to enter the trade safely.
If you would like to learn about different time-frames method please visit George Beaulieu on Youtube.
Thanks for reading and have a nice day
With patience
Heish
Ravencoin LongRavencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
RVNBTC broke below key level - looking for a support zone.RVNBTC has broken below and retested the middle line of the triangle formation which has been formed since the low on 26th of June 2019.
This is a clearcut bearish signal and raises the question where the targets are. We could be greedy and take the whole heights of the triangle, showing the target of 300 Sats. However, I have chosen conservative measurements which point out the target and its middle line shown in black on my chart. These, along with the diagonal line in red which forms a major support zone, are valid target zones and should be eyed for potential reversals.
However: It is very likely for RVNBTC to retest the major resistance zone above consisting of the 0.8 retracement which will most likely be a possible zone for a retest in the comming days.
BTCUSD is making some moves and will determine the way to go.
If you would like to know about technical and fundamental analysis please check out George Beaulieu on Youtube.
When considering to enter the trade please be careful and defensive. I prefer to stay on the sidelines until a setup will occur on the monthly chart. The daily and below are considered as market noise, however it is a good opportunity to learn about specific instruments as well as improving the technical analysis, so please leave a comment below or give me the thumbs up if you would like to see more or are willing to share your thoughts about this.
With patience
heish
RVN (Raven Coin) Once Again Getting Ready For Moon Ride..!!$RVN #RVN (Update)
Making Falling Wedge pattern In Daily Timeframe..
Volume Is Increasing..
All Indicators Are Turning Bullish..
100-150% Profit Expected in Midterm.
Buy Some Around 480-520 Sats
Sell Targets 658-855-995-1193 Sats
Stop Loss Below 440 Sats
What Is Raven Coin...???
It's a new open-source project intended to see if a use case specific blockchain designed to be focused on the transfer of assets can develop technology which provides security or functional advantages for certain projects. Specifically working on things like RSK, which will allow Solidity to work on this chain, will be huge for Ravencoin in the future. RVN was launched January 3rd, 2018 with very little info regarding the future of the project. Since then, several community members have learned that there is an active development team on this coin, and the super clean wallet client and lightning fast network are only the beginning. The RVN team is launching their coin in the spirit of Bitcoin, code first. We hope to keep you updated in this thread as to work being done on RVN, as that information becomes available to us. But you don't need to wait for us or take our word for it.
Thanks For Your Time..
Hit Like On Idea For Support..