Hey dear friends, hope you are well, and welcome to the new update on Ravencoin (RVN).
On a monthly time frame, the price line of RVN has formed bullish Gartley pattern.
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
Ravencoin, similarly to Bitcoin, is halving block reward every 2,100,000 blocks. Because one block is generated approximately every 1 minute, the halving happens approximately every 4 years. Ravencoin halvings will continue to happen every 2,100,000 blocks until the reward can no longer be halved.
Earlier the reward for mining a block was 5000 RVN but after the...
Welcome to this quick Update, everyone.
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RVN is on the verge of a breakout. The breakout here could lead us to almost 74% pump to the previous Highs. My plan is to accumulate on Spot.
This is my first time making an analysis this way after watching a lot of videos about technical analysis.
My idea elaborates my view on the support and resistance levels and possible entry levels for trading with the helpful use of the ATR indicator
we can see that the market on the Daily timeframe is on a Downtrend braking multiple Lower-Lows with a slightly...
RVN/USD pair is about to finish the ABCDE ascending triangle pattern.
RSI 4h has the same pattern.
Coinbase listing could come soon
- T1: $0.29
- T2 : $0.39
Do your own reseach (DYOR) before your invest.
I must say, I'm impressed but I didn't have the patience after a long wait to sell my positions and move on, I sold mine early at 0.21. I expect RVN to reach 0.255. Than we will have a sideways trades until we get out of this triangle we in.
Raven after the Feb 17 burst of almost 300% up adding substantial gain of 0.29. As of now Raven is forming an ascending triangle witch almost near burst to give us another 75% up that I expect to bypass ATH and continue to the level of $0.50.
Trade at your own risk.
nice confirmation on stochastic showing divergence, nice pattern forming all look's good for up trend.
target 1 - 0.38194
Target 2 - 0.49713
I'm not trading adviser nor financial adviser,please do your own reserch before trading,
Ravencoin has now reached the end of the consolidation. Due to the market structure and the increase in the hashrate of the Ravencoin network, I suspect an upward breakout. Of course, it would not be surprising since it breaks down after such a strong rise, but the market structure is very bullish. Ravencoin is also just a very great project and the high hashrate...
As few of my orders got filled from previous analysis:
I can excpect more decline to ~50 sats.
RVN is a long hold coin. Its easy to him in a few days to reach 200 sats.
So get bags filled and let your armor be patiente.
Raven coin looks to have bottomed vs BTC on the RSI and price. It has since bounced in price and looks like it's gaining that long awaited moment. This move could be the next XRP style move that could catch many surprise. 10x is definitely in the cards possibly more.
Always trade at own risk. Not financial advice.
RVN is forming a Bearish Accumulation pattern called as a Bear flag.
A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag.
The bear flag pattern comes after a strong...