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Ravencoin / TetherUS

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RVNUSDT trade ideas

#RVN has broken out of a year long Symmetrical Triangle PatternRavenCoin appears to have broken out of a year long symmetrical triangle on the weekly chart after posting a strong hammer candle last week. Depsite the bearish sentiment that is being expressed by many frustrated traders, now is not the time to sell in my opinion. This chart with its double bottoming bullishly divergent MACD coupled with this pattern breakout could be on the verge of a major breakout. We have seen this behavior in the past from RavenCoin. Fundamentally, the coin just went through a Halving event which is typically bullish since the supply to miners is cut in half during these events. This may be the perfect opportunity to both start mining RavenCoin, and start investing and accumulating this cryptocurrency. Furthermore, the coin is in the top 100 coins in terms of market cap and frequently appears on LunarCrush social analytics as a leading coin in social media exposure. Finally, Ravencoin is a GPU mineable coin which frequently has risen to the number 1 GPU mined coin in the world. This popularity amongst miners is bound to attract many of them back to the coin when Ethereum goes Proof of Stake. Yet another reason why I believe now is the time to dollar cost average and accumulate this coin. Let's see how this turns out, but if the past is any prelude to the future, we may be looking at a coin with HUGE potential here.
Long
by BitBookkeeper
4
RVNUSDT - RISK/REWARD 1:10 - HALVINGRavencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved. The current Ravencoin block reward is 5,000 RVN. After the halving in January 2022, the block reward will be halved from 5,000 RVN to 2,500 RVN. We might be able to get good entry below 0.10$ during January and position ourselves for the halving which will happen around 12 of January. Reclaiming 50/200 DEMA will be seen as bullish movement, and closing daily candle above 0.125xx will show a trend reversal to the upside. Posting this without entering the market, but will keep this updated once an entry has been made.
Long
by LongTermWealth2030
7
🆓Ravencoin (RVN) Jan-27 #RVN $RVN . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.06$ zone 🔴Buy : 0.06 🔴Sell : 0.075 - 0.085 - 0.1 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.06$ zone 🔵Sell : 0.06 🔵Buy : 0.05 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
3
RVNUSDT Triangle and Flag patternTriangle Pattern and it is on Week Support right now. It is also creating a flag if its break easy 15% to 20%. BuyZones: 0.1 (Buy Zone) 0.095 0.091 (Buy Zone) 0.8810 0.078 0.073 0.060 0.048 Take Profits: 0.115 0.125 0.146 0.175 StopLoss: 15% Legend: 🔴 Pink Structure -> Monthly Structure. 🟣 Purple Structure -> Week Structure. ​🔵 Blue structure -> Daily structure. 🟡 ​​Yellow structure -> 4H structure. ⚪​​ ​​Grey structure -> 1H structure.
Long
by BlackBirdTrading
Rvn one of the best choice for bye at this timeOne of the best currencies that we expect to see good prices these days is the Arvan. Given the volume of good deals it has had over the past few weeks, it can be the best choice to make a good profit from the market. Given the trend, we expect good growth in the next few days. We can also expect the uptrend to continue as the candelabra cross the Como cloud. Appropriate buying and selling points in the chart shown For good profit, you can use the specified range of buying and selling operations.
Long
by hem_babak