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Rvn

RVN ROADMAP (1D TF)The symbol RVN has been in a price correction for about 3 years. By examining the waves, we can see that the price is inside a large diametric, which is now inside the microwaves of wave E of this diametric. Wave E itself has become a diametric, which is clear that the price correction will continue. The RVN roadmap should be as shown on the chart, but there may be minor fluctuations with changes. The financial market is based on probabilities, so control your risk
by behdark
4
#RVNUSDT's Prolonged Downtrend: A Glimmer of Hope?💎The weekly chart for #RVNUSDT paints a predominantly bearish picture. After a rebound from the descending trendline and the 50 Exponential Moving Average on the weekly timeframe, the coin registered a fresh lower low. Notably, #RVN breached the triangle pattern, plummeting to a staggering 868-day low. 💎This extended bearish phase, however, shows hints of a potential conclusion. A noteworthy bounce from the 127.2% Fibonacci support was observed in June. Coupled with the Elliot Wave theory, there's speculation that #Ravencoin might have charted its final 5th downward wave. While these are preliminary indicators and might not conclusively signal a trend reversal, they certainly provide a foundation for exploring potential bullish trajectories. 💎The chart reveals an immediate resistance at the triangle's base, pegged at $0.0188. This region, housing the proximate supply zone, aligns well with the descending trendline, possibly even the 50 EMA. Should this scenario unfold, we could witness a 40% price surge in the forthcoming weeks. The real excitement, however, brews if #RVN surmounts this resistance, potentially propelling the price towards the principal supply zone at $0.0379. Such a move would translate to a whopping 175% ascent from the current Fibonacci support. 💎But let's not get ahead of ourselves. For such an optimistic forecast to materialize, it's imperative for the price to remain anchored above the present support. A breach below this level remains plausible, urging Paradisers to tread with prudence and brace for any eventuality. A heightened sell-off, culminating in a support break, could see sellers driving the price down to the 161.8% Fibonacci support, stationed at $0.0070.
Long
by MyCryptoParadise
RVN (Ravencoin) Coin Analysis 01/04/2021Fundamentals: Ravencoin is a digital peer-to-peer (P2P) network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, Ravencoin was announced on Oct. 31, 2017 and released binaries for mining on Jan. 3, 2018 with what is called a fair launch: no premine, ICO or masternodes. It was named in reference to a TV show Game of Thrones. As a fork of the Bitcoin code, Ravencoin features four key changes: modified issuance schedule (with block reward of 5,000 RVN), block time reduced to one minute, coin supply capped at 21 billion (ten times more than BTC) and a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) intended to mitigate the centralization of mining caused by ASIC hardware. Ravencoin aimsto solve the problem of assets transfer and trading over blockchain. Previously, if someone created an asset on the Bitcoin blockchain, it could be accidentally destroyed when someone traded the coins it was created with. RVN coins are designed as internal currency within the network and must be burnt in order to issue token assets on the Ravenchain. The assets can represent anything: real world custodial objects like gold or physical euros, virtual goods and objects, a share of a project like stocks and securities, airline miles or an hour of someone’s wage, etc. The planned future versions of Ravencoin protocol will support integrated messaging and voting systems. The Ravencoin whitepaper was published by Bruce Fenton, Tron Black and Joel Weight. They stand out over the majority of the crypto crowd in that they were all seasoned businessmen and developers before they started this project. Fenton is well known in crypto for being a board member and an executive director of the Bitcoin Foundation from 2015 to 2018. Before crypto, he had a solid career in investment banking as the vice president of Morgan Stanley in the 90s and a managing director of Atlantis Consulting for 13 years. Currently, he works as a managing director of Chainstone Labs, a stealth fintech startup. Tron Black is a principal software developer with more than 30 years of experience, including leading several software companies as a CEO. He has been working in crypto since 2013 on several ventures including Verified Wallet, CoinCPA and t0. He is currently employed with Medici Ventures, a subsidiary of Overstock.com focused on blockchain technology applications. Weight is a chief technology officer at Overstock.com, a well known online retailer. Previously, he has also been involved with Medici Ventures in roles of COO and CTO. He is a veteran software developer who started his career after graduating from the University of Utah in 1998 right in the middle of the dotcom bubble. Technical Analysis: the coin has done its Accumulation zone and now reaccumulating after the impulsive wave which will lead a move up there are total of 3 Targets defined by Fibonacci Projection the 3 TP get its confirmation as the 2 TP gets triggered followed by some retracement and price Correction
Long
by BitonGroup
8
RAVENCOIN🐦PUMP AHEAD😎🚀For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
Long
by traderchamp_
RVNUSD | Strong correction zone, ready to sell part of the coinsHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Previously, I bought a little RVN coin on spot at a price of $ 0.02 in case of leaving the 0.618 Fibonacci zone, the profit will be about 80% I’m not making any sudden movements yet, I’m just watching the chart, I understand that there is a good positive on the market now and bitcoin is somehow pushing the alts up, due to this, the price may continue to grow to the $0.034-0.037 zone, where I will most likely throw off most of the coins. From the technical side: The asset is now standing under the local resistance of $0.028-0.029 (previously traded zone), I do not exclude the possibility that we can see a reaction from this range to the support zone of $0.020-0.022
Long
by DanilBlinkov
Ravencoin (RVN) forming bullish Gartley for upto 15% pumpHey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN) with US Dollar pair. Previously RVN broke down the potential reversal zone for a while, but recovered soon and pumped more than 24%. Now on a 2-hr time frame, RVN is about to complete a bullish Gartley move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
2
✴️ Ravencoin Long-Term (385% to 666% Potential)Ravencoin (RVNUSDT) peaked in February 2021, almost two years ago. We know that crypto goes through a 4 years cycle. 2 years bearish, 2 years bullish. While it hasn't been 2 full years since the ATH, the bottom tends to be reached before the bear cycle is over. After the bottom is hit it takes a while for prices to recover, break the downtrend and establish an uptrend. RVNUSDT went through a 94.14% correction (-94%.14 from its All-Time High), this is within our numbers. With the bearish cycle out of the way a new bullish cycle can develop. Last week RVNUSDT closed above EMA10 and this week EMA21 is being challenged. The last three candles are green, volume is starting to increase and the RSI is trending upwards. All these signals precede a bullish wave... This pair is going up! Namaste.
Long
by MasterAnanda
8
✳️ Ravencoin Correction Has Gone For 130 Days, Long Enough...On bullish cycles corrections tend to last between 2-3 months. Ravencoin (RVNBTC) went bullish after the May 2022 low, hit a peak in September 2022 and the correction has been going for more than 3 months (126 days). Yesterday a low was hit with bullish divergence on the RSI. It is early to say that a low is in but today's bullish action is really strong and a close above EMA10 would confirm the low and that this correction is done. After the correction follows the next bullish wave with a higher high target in place. Bottom line, Ravencoin looks good. Namaste.
Long
by MasterAnanda
1