Ravencoin / USD Short-term price analysis
Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a valid inverted head and shoulders pattern has formed, with the RVN / USD pair now dangerously close to invalidating the bullish pattern.
Technical...
Ravencoin / USD Short-term price analysis
Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a valid inverted head and shoulders pattern has formed, with the RVN / USD pair now dangerously close to invalidating the bullish pattern.
Technical...
Fundamental Analysis
RavenCoin has surged after the project has announced listing on the Crypto.com. Users will be able to purchase RVN using bank transfers and credit cards, which should increase the adoption and liquidity of the coin.
RavenCoin / USD Short-term price analysis
RavenCoin has a bullish short-term outlook, with the cryptocurrency still trading...
Ravencoin is moving in direct correlation with bitcoin, which makes sense as it's commonly dubbed the bitcoin 3.0 coin. CCI/StochRSI system caused 2 sell triggers to be hit but these are partial scaling sells only. If bitcoin trends higher to resistance at 9030 then 9750 I'd expect Raven to trend higher in concert with it.
Looks super bullish in the background. I everything looks ready to go and pivots marked with vert lines. If it does not blast off its will be due to a very untimely move by BTC that would draw the price off track.
RVNUSD - Trading Idea (swing) Bullish Bia's.
Based off Buy Blocks, Pitchforks, Fibonacci levels and ElliotWave.
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Partial buy on the Keltner channel/Stoch RSI signal. Great system for scaling in entries and scaling out exits. The rules are to partially buy on a candle or wick that exceeds the lower Ketner channel in combination with a Stochastic RSI reading under 20. Then partially sell when the candle or wick exceeds the upper Keltner channel in combination with a...
During the process of price discovery when making new highs it is important to reference the RVNUSD chart and not just the RVNBTC chart. This is true especially in times when there is a lot of movement in the BTCUSD price as there has been since the breakout from the lows.
This chart indicates a price target of $0.15 to $0.16 which is a little lower than the...
Versus the US dollar, Ravencoin has breached into a new high. If the RVN market vs. BTC finds support while simultaneously BTC slowly starts the next bearish swing (or if BTC just goes relatively sideways or better yet continues up), then we can expect RVN to begin a very intense bullish move. This could however be delayed by BTC retracing drastically, or RVN vs....
...so is increased volume and price action in the cryptosphere. Anyone upset about the RVNBTC chart should take a look at the RVNUSD chart where a new all-time high was set $0.074. As BTC consolidates and likely pulls back a little over the coming days, do not be surprised as altcoins begin to make new highs.
The Bittrex chart is a little cleaner than the Binance one. I think it is worth paying attention to the RVNUSD chart at this point as Ravencoin enters into price discovery territory. If the price does not break into new highs it looks like it will set into a range between $0.05 and $0.065 .
As incredible as it may seem it is possible at least that RVN will not stall out at the same USD price as 2018. An analysis of the 2 charts show that the price may have a long way to go if in fact it breaks above resistance over the next week and replicates the same sort of move as it did in 2018.
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