Raven Coin Looks super bullish in the background. I everything looks ready to go and pivots marked with vert lines. If it does not blast off its will be due to a very untimely move by BTC that would draw the price off track.
RVNUSD trade ideas
RVNUSD - A picture tells a thousand stories!RVNUSD - Trading Idea (swing) Bullish Bia's.
Based off Buy Blocks, Pitchforks, Fibonacci levels and ElliotWave.
Follow me on twitter! and leave a like!
RVN - Partial buyPartial buy on the Keltner channel/Stoch RSI signal. Great system for scaling in entries and scaling out exits. The rules are to partially buy on a candle or wick that exceeds the lower Ketner channel in combination with a Stochastic RSI reading under 20. Then partially sell when the candle or wick exceeds the upper Keltner channel in combination with a stochastic RSI reading over 80. I like to use the 4hr or the daily time frames but this method works in any time frame you like.
#Ravencoin $RVN consolidation just below $RVNUSD all time highDuring the process of price discovery when making new highs it is important to reference the RVNUSD chart and not just the RVNBTC chart. This is true especially in times when there is a lot of movement in the BTCUSD price as there has been since the breakout from the lows.
This chart indicates a price target of $0.15 to $0.16 which is a little lower than the target on the other chart. This is likely due to the increase in the value of BTCUSD, which sent RVNBTC and other crypto assets (which surged ahead of BTC) lower in BTC terms.
Ravencoin NEW All-Time-High vs. USD!!Versus the US dollar, Ravencoin has breached into a new high. If the RVN market vs. BTC finds support while simultaneously BTC slowly starts the next bearish swing (or if BTC just goes relatively sideways or better yet continues up), then we can expect RVN to begin a very intense bullish move. This could however be delayed by BTC retracing drastically, or RVN vs. BTC ending its somewhat parabolic move and moving into a bear market vs. BTC.
My TA is leaning bullish, but a bit more time should confirm or rule out the bullish perspective for the next few months +.
You can see here vs. BTC that there is one strong bearish signal, a medium bullish signal, a potential bullish support with the various MA lines in a week or three, and a potential bearish resistance (or support) at the trend line in the near future. As time passes, those are things I'm watching out for in RVN/BTC, along with how the MAs playout versus each other and versus closing price:
Satoshis are more valuable now, this is good for #Ravencoin $RVN...so is increased volume and price action in the cryptosphere. Anyone upset about the RVNBTC chart should take a look at the RVNUSD chart where a new all-time high was set $0.074. As BTC consolidates and likely pulls back a little over the coming days, do not be surprised as altcoins begin to make new highs.
#Ravencoin $RVN back-test of the falling wedge.The Bittrex chart is a little cleaner than the Binance one. I think it is worth paying attention to the RVNUSD chart at this point as Ravencoin enters into price discovery territory. If the price does not break into new highs it looks like it will set into a range between $0.05 and $0.065 .
Same #Ravencoin pattern as 2018 would take price to $0.15 $RVNAs incredible as it may seem it is possible at least that RVN will not stall out at the same USD price as 2018. An analysis of the 2 charts show that the price may have a long way to go if in fact it breaks above resistance over the next week and replicates the same sort of move as it did in 2018.
#RVN TF:D BITTREX:RVNUSD
On the 4-hour chart, it can be clearly seen that the missile(RVN) is ready for firing.
A trading opportunity to buy in RVNUSDTechnical analysis:
. PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02946
TP2= @ 0.03560
TP3= @ 0.04076
TP4= @ 0.05000
TP5= @ 0.06267
TP6= Free
$RVN breaking out of parallel channel above cloud after E2E #RVNThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between at the 50% retrace and cloud support of 610 Sats can take the price all the way to 1430 Sats . Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures and their utilization of the Ravencoin (RVN) protocol to create securities may be moving the price at the moment:
Excerpt from Overstock.com , Inc. ( OSTK ) CEO Patrick Byrne on Q4 2018 Results - Earnings Call Transcript
seekingalpha.com
"Patrick, I want you talk to the next slide on Ravencoin.
Patrick Byrne
Thank you. Ravencoin is an open-source project towards which Medici Ventures has been especially supportive by contributing labor and mining. The mining of this coin has spread faster than any coin in history. It's 14 months old, the community is very active. We've been supportive of this open-source movement. And although we only own a single-digit percentage of the coins, -- of Ravencoin, it's not just the value of the coins that we find attractive, it is the elegance and robustness of the Raven protocol for digital assets going forward.
Next, Raven has a role to play in a number of these Medici companies. It's been designed and developed as the perfect protocol for digital assets, has significant advantages over both Bitcoin and Ethereum . I think, you'll be hearing very significant news about Ravencoin shortly, perhaps as early as this week. It plays a role in the number of the companies in which we're involved, like you're seeing in front of you here. If you know the business model of consensus, one could say that Medici Ventures is like has a similar business model but where consensus is purist about using ether, we are not purist about using Ravencoin but there are four or five companies in there, at least, that look like they will be making use of Ravencoin."
The hash power on the Ravencoin network has risen in recent weeks by 120%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. It is a great platform to list private company securities as well as gaming tokens.
$RVN support $.03 next move after $.038, $.066 #Ravencoin $OSTKThe fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between $0.03 Sats can take the price all the way to $0.066. Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures operations could trigger the next surge in price.
The hash power on the Ravencoin network has risen meantime by 100%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
Second wave incoming? (big potential) Ravencoin/USD!The advent of blockchain technology opened up a new world of possibilities for the financial industry. With other industries already moving into the digital space, blockchain makes it possible for the financial industry to go entirely digital.
One of the promising areas in blockchain is asset digitization. This means representing a physical asset on the blockchain. Ravencoin is a blockchain project focused on enabling the transfer of assets from one user to another.
Ravencoin is designed to meet the digital age demand for assets and securities to be tradable across borders, just like Bitcoin allows money to be transferred in a frictionless manner around the world. Ravencoin is free and open source.
#rvn $rvn/usd #ravencoin - daily#rvn $rvn/usd #ravencoin - daily long idea
Range .013 - .010
support test at .010
low volume
btc macro trend uncertain
VOL ATR - SHORT
long term long
next resistance up ~ .025
support at .010
thank you, and trade responsibly - this is my idea not financial advice
RVN/USD - NeutralMain Trend = Neutral
Above 200 EMA = BULLISH Confirmation
Bellow 50 EMA = BEARISH Trend resumed
