Rvn
RavenCoin Price Analysis RVN / USD: Phoenix RisingFundamental Analysis
RavenCoin has surged after the project has announced listing on the Crypto.com. Users will be able to purchase RVN using bank transfers and credit cards, which should increase the adoption and liquidity of the coin.
RavenCoin / USD Short-term price analysis
RavenCoin has a bullish short-term outlook, with the cryptocurrency still trading above major technical support on the four-hour time frame.
The four-hour time frame shows that a complex inverted head and shoulders pattern has formed, with the RVN / USD pair attempting to move back towards neckline resistance.
Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal.
Pattern Watch
Traders should note that the RVN / USD pair will move to a new all-time price high if the bullish pattern is fully ignited on the four-hour time frame.
Relative Strength Index
The RSI indicator is still bullish on the four-hour time frame and shows scope for further upside.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame and continues to generate a buy signal.
RavenCoin / USD Medium-term price analysis
RavenCoin has a bullish medium-term outlook, with the RVN / USD pair testing major technical resistance on the daily time frame.
The daily time frame is showing that multiple bullish inverted head and shoulders patterns have formed, with RVN / USD bulls once again attempting to move price above breakout resistance.
Technical indicators on the daily frame are mixed and are failing to generate a clear trading signal.
RVN / USD Daily Chart by TradingView
Pattern Watch
Traders should note that RaveCoin could nearly double in value if bulls can fully ignite the large bullish pattern on the daily time frame.
Relative Strength Index
The RSI indicator is trading close to neutral levels and is currently flatlined on the daily time frame.
MACD Indicator
The MACD indicator is conflicted on the daily time frame and is failing to generate a clear trading signal.
Conclusion
RavenCoin shows tremendous short and medium-term upside potential, with the bullish patterns on both time frames underscoring that the cryptocurrency could eventually rally way beyond its current all-time record price high.
RVNBTCRVN touched the long-term tedious line and closed yesterday with a high trigger candle (Hammer). Since the 13th, it has fallen by approximately 20%, which is due to the high BTC. Expect that with a stabilization of BTC the currency could rise giving good profits in the medium term. In more remote probability she can fetch her last fund at 0.0000555 before starting a raise.
$RVN Has No Chill... Make Another Move After +500% CorrectionRavencoin is a free and open source project & fairly mined (POW) blockchain. Users can issue and control utility, game & securities digital assets/ tokens. Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. Ravencoin is a protocol based on a fork of the Bitcoin code which adds features specifically focused on allowing tokens to be issued on the Ravencoin blockchain. These tokens can have whatever properties the issue of the token decides - so they can be limited in quantity, named and be issued as securities or as collectibles.
You can make your own security token within minutes and have it trade worldwide.
This one has 21,000,000,000 Total Supply and only 3,683,495,000 on circulating. $266,334,969 market cap at the current moment. This project just a new born and good for the hype-rider.
Good chart btw.
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Is RVN forming a Bat Pattern?Hi,
In the next days I am expecting RVNBTC to continue its move towards the final wing of its wonderful Bat formation.
If that is the case there will be a half-way target which is at around 810ish, the high of the last wave to the upside.
It is worth to mention that the final target of the Bat at 161% of the first wave up, is at the same time the Dynamic Meridian line of the Instrument.
Option: Sell at Target I and II. Optional: take profit at the middle line which is also a major resistance zone.
Trust yourself and be happy
Heish
Ravencoin (RVNBTC) Bounces On Strong Support, Where To Next?Ravencoin (RVNBTC) found support at the 0.786 Fib. retracement level of the last bullish wave. This support level also coincides with MA200 and EMA200.
Ravencoin can bounce here and move up before any further correction.
For additional bullish action, it would be a good signal to close above EMA10 (0.00000715) and see additional volume. We will have another bullish wave soon.
Feel free to hit like to show some support.
Namaste.
$RVN,Potential double bottom on support with increasing volume..$RVN Very similar setup to many other coins that we reviewed today...
Potential double bottom on support with increasing volume...
Both RSI & MACD rising and showing divergences
If you are not into accumulation of #RVN, wait for a break through resistance//flip into support.