RVNUSDT trade ideas
๐ฅ RVN Pennant Break Out: Volatility IncomingA few days ago I made an analysis on RVN and its 10-month pennant pattern.
As of yesterday, the price has broken out of the pennant and is likely to resume the trend. Classically, consolidation pattern break outs come with a decent amount of volatility once they break out. Since this is a 10-month pattern, I'm expecting a nice move in the coming days.
A less risky trade would be to wait for the price to come above yesterday's high, around $0.15, before stepping in.
Happy trading!
$RVN/USDT 2D (Binance Futures) Big bull pennant on supportRavencoin revisited 50MA support and so far strong bullish reaction, let's step in.
More information about that PoW (Proof Of Work) coin / P2P (Peer To Peer) network on ravencoin.org
Current Price= 0.10890
Buy Entry = 0.10872 - 0.10132
Take Profit= 0.13573 | 0.16358 | 0.19291
Stop Loss= 0.08743
Risk/Reward= 1:1.75 | 1:3.33 | 1:5
Expected Profit= +29.24% | +55.76% | +83.69%
Possible Loss= -16.75%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 3 months
๐ฅ RVN 10-Month Pennant Break Out IncomingA while ago I made an analysis on RVN and the incoming pennant break out.
After making said analysis, the price had to re-test the bottom trend line once again before the lift-off phase arrived.
RVN has seen a very strong week. Price action will likely only get better once we can confirm the bullish break out.
Targets are at $0.17 and $0.20.
Happy trading!
RVN/USD - One resistance away from a breakout! ๐Raven is primed. Ready to explode. As soon as we pass 14 cents we should fly.
For now price is under the resistance, so you may get a better entry lower before another pump. Keep your eyes on this bullish chart.
Like and follow if you liked this idea!
Raven Coin Halving and the greatest LONG of your life!Ravencoin first came into public just over this time last year. I remember I had just got into trading crypto a few months early and people were stocked talking about RVN
The fact that it was a bitcoin fork with no premine was a big deal... here was another chance to buy bitcoin early by buying RVN, and it was completely open to the public from day one, no developers keep huge chunks of the supply.
Also RVN was ASIC resistant, which means the gpu cpu miners, common folk like us, wou8ld always be the ones mining, not the big boys taking over.
So now it's almost 4 years from our first Halving event! Where block rewards will be cut in half. So the first major deflationary move takes place.
When this happened in 2013 Bitcoin went nutty, and every halving since.
ALSO! ETH is switching to POS here in the next couple months. Which means a lot of miners are switching over to RVN.
A big ETH upgrade in August caused the first migration and there's expected to be a lot more in the next couple months as we approach ETH2
Also this coin isn't even on Coinbase yet!!! And they will for sure be adding it soon. Coinbase is out to make as much profit as possible, so they love timing releases of certain coins with in conjunction of a rally.
They know RVN's halving will trigger a big rally and they will want in on that trading volume, and it's perfect for them to do a end of year release right in time for the halving.
Lastly, we have this gorgeous flag that we are coming to the point of and breakout is looking to happen any day now.
All the fundamental and technical analysis for this coin looks fantastic and I believe you should get in now.
But maybe save some of your investment to add if we get one last dip down to the bottom of this flag. One more BTC pull back might cause a quick dip to 0.11 cent area.
My targets? It's marker cap is currently at 1.2B sitting at 90th place. If it shoots up into the 20th place we will see it over a Dollar. A 10X seems doable
1) Previous ATH: 0.27/0.28
2) Fiftyy Cents~!3
3) and 1 dollar. Which I honestly think it's going to hit. But sell some on the way uupto secure those profits. a
RVNUSDT Technical Analysisโณ Spot
๐ RVNUSDT has broken above the previous resistance and also got out of the triangle. After breaking above the descending channel and retest it seems that it is going to go higher
๐ Tradingview
๐ Short & Medium Term
๐ต Invest Only 5% of your Portfolio
๐ณ Entry at Market or at 0.11619 - 0.12076
โ๏ธ TP1 0.13326
๐บ TP2 0.15463
๐ป TP3 0.18290
๐พ TP4 0.21095
๐ท TP5 0.24000
๐ธ TP6
๐น TP7
๐ TP8
๐ซ SL 0.09800
Good Luck ๐ฒ
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE ๐ button. โค๏ธ Your Support is really appreciated! โค๏ธ
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day ๐๐๐ป
RVN/USD - Getting ready to explode. Bullish Bias. ๐Raven has formed a very large pennant, in blue. Guess what will happen when we break out?
PUMP TIME!!!
My bias is that we will most likely break above the pennant, re-test it as support and then FOMO towards the all-time high.
With the halving in Jan 2022, Raven is well positioned to PUMP hard. Maybe a new ATH?
We have to be patient, but don't be surprised to see Raven pump in early November.
MACD looks very sexy, volume is increasing... yep. Good signs.
Are you with me? Lets see.
Like and follow if you liked my idea!
RVN Ravencoin.. down... but NOT OUT!!!RVN Ravencoin is one of my new favorite coins. Current resistance is still .125. Now support has dropped to the .1 area. Be careful with this one scalpers. Long holders just enjoy your ride. This consolidation point has formed right on the uptrend line. I am sure it fell down here cause of BTC.. While the uptrend line was pierced, we are still on that line... so long as it doesnt fall further we are safe from a full reversal. Keep an eye on it!
๐ฅ RVN Volatility Incoming: 10-Month Wedge Break OutOver the past 10 months or so, RVN has formed a huge pennant. With the price slowly creeping up on the wedge's bottom trend line, we could see some strong volatility in the short-term.
Seeing the state of the market, I'm expecting a bullish break out, maybe as soon as in the coming week.
Wait for a confident break out of the pattern, ideally with a strong green daily candle.
Targets are placed at $0.17 and $0.20.
Happy trading!