🦅RVN- 200MA/key level/dynamic supportThe price is consolidating and is being supported by key level, 200EMA, dynamic support and node of high volume. Doesn't seem to care about BTC dump. Although it's better to stay away and do nothing right now unless you're scalping, this might be an opportunity for a quick trade, but because of current market conditions even if the price breaks out we can expect high sell pressure right away (look at the wicks on ALGO, WAVES or AUDIO from today)
Entry: buy at current price
Targets:
local levels(red) and:
0.15034
0.16901
0.20418
0.24891
0.28932
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About RVN:
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.
Source: coinmarketcap
RVNUSDT.P trade ideas
RVN bullish for a long time now 🟢BUY LIMIT - LONG🟢
Currency: RVN/USDT
🟢ENTRY🟢 BUY LIMIT : 0.105
🏛️ Exchange: Binance
⌛ Estimated duration for last target: 16H
⚖️ Recommended Leverage: 10x-25x ( i do it x50 leverage then adjust the stop loss )
💀 Risk: medium (Hight with more than x15 Leverage)
💸i call this risk it for the biscuit💸
💎 Entry Price: 0.12694
🎯 TP1 0.1302$
🛑 Stop Loss : 0.1258$
🔥 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
🔥 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!
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