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RVN/BTC - DAILY CHARTHi, today we are going to talk about Ravencoin and its current landscape. It's of common knowledge among those who observe the cryptocurrency market for a while that this market can be unpredictable and extremely volatile. Even senior traders have stories to tell about gains and losses, due to incredible surges or horrific slumps of the price, learning a complicated and expensive lesson, in the best cases. This week the Traders of Ravencoin had a similar experience, after the catastrophic slump of the price in the short period, raising concerns over the project stability, and casting doubts over market manipulation, if developers of the project had dumped their holdings or the exchanges had failed somehow. Independent of the origin of the sell-off the hard truth is that in an unregulated market, the eventual lack of liquidity could lead to market manipulation by only a few players that the buying power triggers a cascade effect, of stop losses and margin calls, creating a cycle of panic at the market. Usually, a situation like this could be avoided if crypto exchanges had a trading halt system to hold trades for a specific time so the market could have time to cool down the animosities. About the project itself, nothing happened to justify the sell-off. For a matter of fact their look to be the most shocked ones in this story. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
by Igor-Silva
There is a trading opportunity to buy in RVNUSDTechnical analysis: . RaventCoin/US Dollar 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 65. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0236 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0236) Ending of entry zone (0.0192) 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 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= @ 0.03395 TP2= @ 0.04317 TP3= @ 0.05055 TP4= @ 0.05798 TP5= @ 0.06845 TP6= @ 0.08190 TP7= Free
BITTREX:RVNUSDLong
by ForecastCity
8
There is a trading opportunity to buy in RVNUSDTechnical analysis: . RaventCoin/US Dollar 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 65. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0236 to 0.0192). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0236) Ending of entry zone (0.0192) 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 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= @ 0.03395 TP2= @ 0.04317 TP3= @ 0.05055 TP4= @ 0.05798 TP5= @ 0.06845 TP6= @ 0.08190 TP7= Free
BITTREX:RVNUSDLong
by ForecastCity
8
Ravencoin big volume spike, accumulation coming to an end Ravencoin is a good fundamental project also it is quiet decentralized(very less left as of now) there are individual miners which are mining RVN, and when miners especially individual ones are joined into mining a coin you have the idea that it's not going to fail or is a Scam. Even Raven had no funds raised or premined and is a working protocol. Looking at the chart we see a big volume spike today nearly half a billion are bought, also it is in a consolidation since last 4 months(like most altcoins as general) and few of ones which haven't spiked yet. If we look closely there is also a W kind of bottom forming and the support is like its always there for this coin at the bottom level. If we look at the previous bull runs of this coin it has a tendency to go exponentially in days (look left on the chart) You can buy it as per your investment and trading style as the big volume can be an indication for the beginning of next wave up in this market, if you are a midterm trader you can easily ride the complete wave, targets are on the chart sl can be used as per your risk management scenario. Also the price is high atm cz of bullish move you can wait for it to go down a bit and then buy. Don't forget to use SL as per your style. Happy Trading.
Long
by Lavish_Jindal
LONG - RVN - Trading OpportunityPrice retested support and is consolidating right above it. Entry: 0.00000301 TP 1: 0.00000332 TP 2: 0.00000371 TP 3: 0.00000420 SL: 0.00000286 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento