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Rvn

RVN key support areasJust a quick chart to show some of the support areas for RVN. Some thoughts - 530 Sats is the only area that was tested twice - 530 Sats is also at the 68 retracement range - 4 hour MACD has crossed bearish - Daily RSI will be out (14 bars) in a day or two so if it does manage to stay at current levels or moves up from there it will be severely overbought - 4 hour RSI has fallen below the trend line although not very established since it just got listed
Short
by mrandrewwill1891
RavenCoin massive gains over Bitcoin… time to take profit?Following the Binance announcement made on the 11th of October (twitter.com), that RavenCoin will be added to their listings on the October 12, RVN/BTC uptrend has begun. Price surged from 220 up to the recently established all-time high, reaching 824 satoshi. In 10 days Ravencoin has outperformed the Bitcoin by 333%, which is an amazing growth in a very short period of time. There is no question, that after such rally many investors would start to think about fixing their profits, thus selling RVN. Technically speaking, price has reached the resistance at 427.2% Fibonacci retracement level that is 885 satoshis. At first, under the massive trade volume, RNV/BTC broke above the Fibonacci resistance, although failed to close above. Today price has bounced off the resistance, which might trigger a selloff, not to mention the RSI oscillator downtrend trend line breakout. Although, for a strong correction to start, Ravencoin must break below the 773 satoshis support, only then further decline could be expected. In such scenario, price is likely to test either 660 or 550 sats support level, and potentially go even lower. On the upside, daily break and close above the 885 satoshis resistance might be the confirmation of further uptrend. This could be another 115% growth opportunity, as final upside target is seen at 1127.2% Fibs, that is 1670 satoshis level. Based on the percentage growth, upcoming wave up is expected to be very similar to the previous one, which was 117%. Support: 773 661 549 Resistance: 885 997 1109 1221 1333 1445 1557 1669
by CryptalDash
RVNBTC - The Crowded Trade "Where to buy"RVN has had a great uprun last few days after being added to Binance. I've scalped the momentum here a there a bit and it has finally topped (at least for some time). RVN made a higher high while MACD made a lower high showing a bearish divergence, meaning that price is being pushed up by declining momentum and this was an early sign of weakness. I've tried to do some wave counting to look for ideal entries based these points as shown in the chart. Fibonacci support at 780-805, ideal entry based on support line from (2) to (4) and 50% of the last wave at 701. One can try to swing trade if it price hits certain Fibonacci levels but best would be to wait for the uptrend lines to be hit. In this chart, I compared the early uptrend to DATA's price uptrend to understand for what structures/signals we are looking before buying or selling.  "Let's break down how we want to trade a similar move. This is how I would trade RVN compared to DATA uptrend example. We looking for wave structural support levels to buy and wedge support trendlines."  Trade with care, Buy Red Sell Green, don't fomo. Good luck! -TheTrex  
by TheTrex
6
Raven Still FlyingRaven mainnet launches October 31st so there is a lot of excitement in the market. I expect the upward trend to continue with a short term fall back to the trend line. I suspect an ATH may be in the short term with a large retracement shortly after the mainnet launch. Keep some things in mind before taking action: 1) tokens regularly went 10x last December and January. 2) Those same tokens fell to 0.2x in the summer...tough choices to maximize profit. There is nothing wrong with taking profit at 2x or 3x.
Long
by Fairdrop