RVNUSD 0.0600 Ultimate TargetRavencoin (RVNUSD) has seen a very strong and rapid growth in the past 3 days after rebounding on the 1D MA50 (blue trend-line) and is now very close to the 1D MA200 (orange trend-line). The last rise of such magnitude has been from July 30 to August 11 2021.
RVN is doing so after a clear MACD Bullish Cross on the 1W time-frame with the bottom formation of June 15 being an Inverse Head & Shoulders (IH&S) pattern. That has a technical target of the 2.0 Fibonacci extension. Since we are that close to the 1D MA200, it would be less risky to buy only if it breaks or upon a pull-back to the 1D MA50.
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RVNPERP trade ideas
RVN RAVENCOIN USD BOUNCING OFF SUPPORT EXPLOSION INCOMING $2.50RVN RAVENCOIN USD Is looking great to me. The bottom is either in or one more test of the support line before the next explosion upwards. I can see at least $2 with this project. They are still working hard and fundamentals have only changed for the better since the last runs. I'm accumulating now. If support breaks and closes a daily below $.02 cents then expect a much further retrace down to prior support levels around $.01 cent. I don't think that is what will happen though I think a nice move is incoming, MACD is curling up, RSI is curling up and BBWP is starting to expand again so volatility is going up. A move is close and I think its more than likely to the upside. This is just my opinion and not trading advice. Good luck and thank you.
LONG for Ravencoin - Position TradeRavencoin has completed a great wave 1 in February of 2021 and it declined to 0.041 in wave 2; this is RVN's support and the current price is very close to the aforementioned support.
I predict RVN will not retrace past its wave 2 low in June of 2021 - the coin will stop declining in value and it will start rising.
In the large wave 3, Ravencoin will reach 0.4 close to 2023.
Ravencoin will break Resistance as soon as April 2022The current price of 0.063 puts Ravencoin in the oversold territory bigtime. The lowest price we've reached so far is 0.052cents and it might be tested again for more downside if Bitcoin will break below 30,000K which is very difficult but possible.
The Chart shows that we've broken the 0.08Cents Major support and the 0.052 Support Area must hold this price for the next volatility. If we break below this line and BTC goes into a tailspin and a full bear market we might be seeing 0.03cents area till year Jan 2023, but for this scenario Bitcoin must be in a long full bear market, but the recovery should be fast.
Those are very nice accumulation and DCA levels from 0.05cents up to 0.014cents. Breaking above the Resistance line can be as fast as 10cents.
PS: The Ravencoin halving was never priced in the chart because it didn't break above the resistance level.
Ravencoin Super BullishWe are at a very critical cross roads and the war is on between bulls and bears.
There is gigantic bullish wave that needs to be unleashed.
1- There are strong supports at 0.09 which was broken today and the OHLC bars are registering lower lows for the past 3 days, waiting for a reversal if not then:
2- The 0.08 support if broken might bring us down to 0.06x.
Personally, I wouldn't short anything that behalves like Bitcoin if I don't have an insider information from a whale, but the shorts are going to be a perfect powder keg for the Ravencoin first halving cycle.
RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW)Why get subbed to me on Tradingview?
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-24/7 uptime so constant updates
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RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTION!
🔸 Summary and potential trade setup
::: RVNUSD 2day/candle chart review
::: corrective cycle in progress no
::: expecting cycle low near 0.04 USD
::: updated/revised outlook
::: setup still valid as of RIGHT NOW
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: currently/soon CORRECTION MODE
::: BUY LOW near 0.04 USD
::: entry - late Q4 2021
::: for now PULLBACK/CORRECTION MODE
::: on the right same a/b/c/d/e fractal
::: 2018/2019 fractal from the past
::: resulted in 800% gains off the ow
::: re-test of range lows is likely
::: point d is BEAR TRAP (fake breakdown)
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +700% gains
::: details: see chart
::: FINAL TP is +700% gains
::: recommended strategy: BUY/HOLD after correction
::: TP BULLS +700% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/700% gains
::: Sentiment short-term: CORRECTION/MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
RVN/USD: A (Realistic) Bullish Analysis From a Macro ScaleI can say with a high level of confidence that Ravencoin's (RVN) evaluation against the U.S. Dollar (USD) will make impressive moves for the remainder of this market cycle due to factors such as fundamental development with the project itself, prior price actions, and indicators such as the RSI.
With regards to fundamentals, RVN is expecting its first halving at Block 2,100,000. Although miners can expect to see their profit revenue be cut in half immediately following the halving (which may initially scare miners), I do believe such is crucial for RVN in the long term. The halving acts as a means of deflating a currency, and in the case of RVN, doing so will allow for the value of each coin to increase. As supply decreases, demand increases: a simple rule of economics.
Some pattern movements I've made on the RVN/USD chart also highlight that we are currently in the midst of an overall bullish uptrend. This trend is not the first though; however, it is unique in the sense that we can see overall lengthening trends in the market due to an increase in RVN's market capitalization. This means that moving RVN's overall price will become more difficult with time. This is why other ideas on this platform, claiming for a 10x, or even 100x, are far from likely.
However, I do believe RVN has plenty of fuel left in it to make major strides. For starters, RVN will likely test the 20-25¢ range before finally breaking above it. Considering the macro symmetrical ascending triangle forming on the weekly chart since June of this year, as well as prior rejections off this range, I do believe we can hold right above this range. Furthermore, prior bullish movements indicate the same pattern: bearish, rapid bullish, then a consolidation right above, or in, the range it previously had rejections off of. After this consolidation, another pump may lead to a blow-off top, which causes bleeding of the price from thereon.
Indicators such as the Relative Strength Index (RSI), which has proven to be reliable in the last few decades, show we are currently at levels where bounces often happen. With these bounces are upwards movements in price. Furthermore, being able to hold the twenty and twenty-one-week moving averages would make me only more bullish on RVN/USD's price in the short term.
While there are a plethora of other factors, albeit minor, that contribute to my overall bullish attitude of RVN, I do believe these three primary reasons can act as a foundation for the reason I feel how I do currently.
The largest threat against RVN is currently Bitcoin (BTC). However, statistical data has shown that Bitcoin performs strongly in Q4 and Q1, so it can be assumed that Bitcoin will continue on its own bullish uptrend, which, in turn, carries altcoins like RVN along with BTC.
---
TL;DR: I am currently bullish on RVN's price possibility, and am investing in the project with the belief that it can achieve an impressive 35-40¢ price range. RSI, historical trends, technological developments, as well as many other factors, further emphasize the possibility of such prices and reinforce my beliefs about the project this market cycle.
RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
RVNUSD D2: +700% gains BULLS THE BEST level TO BUY/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTION!
🔸 Summary and potential trade setup
::: RVNUSD 2day/candle chart review
::: corrective cycle in progress no
::: expecting cycle low near 0.04 USD
::: updated/revised outlook
::: setup still valid as of RIGHT NOW
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: currently/soon CORRECTION MODE
::: BUY LOW near 0.04 USD
::: entry - late Q4 2021
::: for now PULLBACK/CORRECTION MODE
::: on the right same a/b/c/d/e fractal
::: 2018/2019 fractal from the past
::: resulted in 800% gains off the ow
::: re-test of range lows is likely
::: point d is BEAR TRAP (fake breakdown)
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +700% gains
::: details: see chart
::: FINAL TP is +700% gains
::: recommended strategy: BUY/HOLD after correction
::: TP BULLS +700% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/700% gains
::: Sentiment short-term: CORRECTION/MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
RVNUSD D2: +800% gains BULLS THE BEST level TO BUY/HOLD(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
RVNUSD D2: +800% gains BULLS THE BEST level TO BUY/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTION!
🔸 Summary and potential trade setup
::: RVNUSD 2day/candle chart review
::: corrective cycle in progress no
::: expecting cycle low near 0.04 USD
::: updated/revised outlook
::: setup still valid as of RIGHT NOW
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: currently/soon CORRECTION MODE
::: BUY LOW near 0.04 USD
::: entry - late Q4 2021
::: for now PULLBACK/CORRECTION MODE
::: on the right same a/b/c/d/e fractal
::: 2018/2019 fractal from the past
::: resulted in 800% gains off the ow
::: re-test of range lows is likely
::: point d is BEAR TRAP (fake breakdown)
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +800% gains
::: details: see chart
::: FINAL TP is +800% gains
::: recommended strategy: BUY/HOLD after correction
::: TP BULLS +800% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/800% gains
::: Sentiment short-term: CORRECTION/MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
💡Don't miss the great buy opportunity in RVNUSD @RavencoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.10325).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RVNUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.12304
TP2= @ 0.13550
TP3= @ 0.14664
TP4= @ 0.15789
TP5= @ 0.17773
SL= Break below S2
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