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RVNUSD trade ideas

💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . RVN/USD 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 70. Take Profits: TP1= @ 0.0945 TP2= @ 0.1010 TP3= @ 0.1085 TP4= @ 0.1190 TP5= @ 0.1320 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:RVNUSDLong
by ForecastCity_World
28
💡 Don't miss the great buy opportunity in RVN/USDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0820). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . RVN/USD 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 70. Take Profits: TP1= @ 0.0945 TP2= @ 0.1010 TP3= @ 0.1085 TP4= @ 0.1190 TP5= @ 0.1320 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:RVNUSDLong
by ForecastCity
4
RVN/USD - New ATH to the MOON!🚀🚀🚀Raven painted a new ATH in a rally that defies gravity, I mean look at it... 8 three day candles in GREEN! At this rate we will get 30 days of green... 😲 Can Raven go higher? Yes. Look at the RVN/BTC pair... we have a long way to go... The indicators looks extremely bullish and volume has been sustained through the rally. I am a bit concerned that RSI is over 90 already and we may get a pull back at some point to retest the old ATH maybe... then we will go higher. Bias remains very bullish long term... Raven did an excellent run so far. Keep your eyes on this coin. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
BINANCE:RVNUSDLong
by DU09
7
The GME Fiasco Demonstrates the Need for RavencoinYou are probably aware of the unprecedented events surrounding Gamestop stock, retail investors, a potential short squeeze, and market manipulation by institutions. Thousands of retail investors like myself lost out on what could have been hundreds of thousands of dollars in gains on GME stock due to illegal abuses of the influence that brokerages and hedge funds have. The legislation is already in place to prevent the naked shorting that led to GME being shorted 140% of float, but it still happened. The legislation is in place to prevent the unbalanced and severe effects that Robin Hood had on GME stock by blocking buy orders for GME and not blocking sells. But it still happened. The potential for the short squeeze was a mathematical inevitability, and even now the brokerages admit that the price could have climbed into the thousands, had not the price been tanked by the halt of buy orders. But it hasn't happened, and may never happen now. We may see some punishment doled out for this, but we'll never see the money we should have made, which for most retail investors would have been life-changing. The issue therefore is not with the laws, but with the limitations with law itself. Rules against this kind of inequitable market influence and mechanical control over trading are not sufficient to prevent it. The only thing that can truly prevent it is that the conditions for this inequity don't exist in the first place. That is what decentralized finance provides. The cryptocurrency Ravencoin (RVN) is commonly referred to as being to assets (like stock, gold, art, etc.) what Bitcoin is to money. Ravencoin is built such that asset tokens can be created to represent real assets, either in the generic sense (i.e. many identical gold bars) or in the specific sense (i.e. particular works of art within the larger asset of "art"). Such a system can be used to distribute, buy and sell stocks. It could be also be used to distribute dividends, and even potentially handle the options market. Were such a decentralized system in place, no institution or individual would have the power to shut down the activities of other traders or manipulate stock in the way that Robinhood and other brokerages have in the GME fiasco. Regardless of the laws in place, this wouldn't have happened had the stock been represented by Ravencoin assets rather than paper certificates. As the continued democratization of finance grows and more average people enter the markets, the protections that cryptocurrencies and decentralized financial systems offer will be more and more crucial in pushing that forward. I have invested in Ravencoin not only because of the potential profit from that growing movement but also because I like technology and believe in the principles it can be used to uphold, of fairness and liberty. If you got into crypto now you would still be early! Disclosure: This is opinion, not advice. I have positions in both Gamestop and Ravencoin.
BINANCE:RVNUSDLong
by NoWorkOnlyTrade
RVN/USD - Raven is going to Heaven! :D ATH in range!Well well, not long after I posted my last idea on Raven, where are we now, inches from the old ATH! :) Raven pumped for three consecutive weeks and now here we are, less than 30% from the previous ATH in 2019. I am very confident we will touch the old ATH level and then perhaps face some resistance around that area as supply side/sell side should come in. Nevertheless, the market remains very bullish, so I expect us to go higher if this momentum continues. First lets conquer our old ATH. :) We are also a bit overextended here, but that should not stop us from another nice pump. There is no bearish signals on any indicators apart from the 4h RSI which has a bearish divergence, but that is not a good indicator to signal a top during a rally. MACD on all timeframes looks great which is a much better indicators in such conditions. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
BINANCE:RVNUSDLong
by DU09
2
RVN/USD - Bullish price action towards $0.02 Raven is looking interesting to me right now. After a prolonged life in this descending triangle, we may get a breakout soon. As you can see, price is testing the resistance level and it may pump any minute. If that does not happen, then Raven may come back down to re-test support before another try which will likely succeed. The immediate target is $0.02 / Fib 23.6% which is quite sensible at around 40% gains. The next target after that is $0.036 or Fib 38.2%. These targets are very likely to be hit after we break out of this descending triangle. We can resume our analysis once that happens. The targets after that are on the chart and will get us close to ATH. Like and follow if you liked this idea!
BINANCE:RVNUSDLong
by DU09
3
Need to see this support hold, very important levels.As we can clearly see, RVN has broken above a support/resistance level and is now back testing it. The BTC pair shows a clear descending wedge that has been in the forming for about 450 days... As with all things, what goes up must come down. RVN pumped really quickly to its ATH which has now cost it over a year of descent into low prices. The lack of any deciding movements and hidden bullish divergence on the BTC pair indicates a possible accumulation phase. It is a matter of waiting for it to make a decisive move.
BINANCE:RVNUSD
by filipbronola