BUY:
SELL:
STOP-LOSS:
Support:
Resistance:
RVN is another fork of open-source Bitcoin code, which has a shorter block formation time. The goal of the project is to struggle with the presence of external control and to increase the parameters of privacy and transparency of actions within the network. The crypto asset is very young, the first generation of blocks took place only in 2017, and the first listing on the stock exchange was in early 2018.
If we talk about the prospects of this coin trading, then opens deals to the asset at the moment is very dangerous. This is due to the fact that the trading volume appeared only after listing on Binance, which took place on October 12. After that, the price increased by 320%, volume by 1500%, but in less than a month, the turnover returned to the original values. This suggests there have been manipulations, and the price will fast return to the support line at the level of 0.00000356. At this stage, the asset is trying to hold above the level of 0.00000600, but the price will go down due to low buyers activity. Opening long positions above the zone 0.00000356 - 0.00000405 does not make sense.
The asset is no interest either in terms of intraday trading and long-term investments. The project cannot boast of a developed idea and clear plans.
We do not plan to follow this asset in the future and give updates on it.
SELL:
STOP-LOSS:
Support:
Resistance:
RVN is another fork of open-source Bitcoin code, which has a shorter block formation time. The goal of the project is to struggle with the presence of external control and to increase the parameters of privacy and transparency of actions within the network. The crypto asset is very young, the first generation of blocks took place only in 2017, and the first listing on the stock exchange was in early 2018.
If we talk about the prospects of this coin trading, then opens deals to the asset at the moment is very dangerous. This is due to the fact that the trading volume appeared only after listing on Binance, which took place on October 12. After that, the price increased by 320%, volume by 1500%, but in less than a month, the turnover returned to the original values. This suggests there have been manipulations, and the price will fast return to the support line at the level of 0.00000356. At this stage, the asset is trying to hold above the level of 0.00000600, but the price will go down due to low buyers activity. Opening long positions above the zone 0.00000356 - 0.00000405 does not make sense.
The asset is no interest either in terms of intraday trading and long-term investments. The project cannot boast of a developed idea and clear plans.
We do not plan to follow this asset in the future and give updates on it.