- According to the previous cycle shows that after breaking the trendline ravencoin reached to $0.3 (log chart fib retracement target was $0.3)
- And now this time the same trend line has been broken. If history repeads (generally it does in cryptocurrency charts) this tme the same fib retracement value hits to the new target ($2.05)
- This is an educational...
Many confirmations in this Raven chart, don't ignore RVN.
Something big is about to come to RVN
Entry Zone: 0.016 - 0.017
Sell Zone:
T1: 0.04
T2: 0.07
T3: 0.14
Good luck.
3 year old downtred broken. While downtrend retest is possible, I don't expect for price to sit this low much longer and am looking for monster move up here.
Few more observations making this even more bullish:
200 EMA on daily chart also suggests upward PA.
nice weekly RSI divergence on BTC pair.
As we can see, price closed over the 2W tenkan yesterday. Mirroring the last bull run from approximately 2 years ago, the trade to the kijun is activated.
#RVN • CRYPTO RavenCoin • LONG TF H1 ,
TP =0.01878 , SL = 0.01668
The trend continues, the nearest support level according to my calculations TP =0.01878
Rvn broke through a very important resistance line in the weekly chart .. and know it holding position
It is suposed to hit 0.0234 if the price break the 0.019 line ... Let us see whats happen this month
LTC = medium of exchange coin
RVN = medium of exchange coin
Both also minable
Both are also very old
Notice LTC halving? now look what RVN did when LTC moved first and doubled from the bottom. What did RVN do afterward?
Tip: Old coins looking strong right now because they have been in the longest correction period ever! compared to the hype of new projects of 2021 ... Also they survived many crisis already so I feel safe in them over shitcoins like Sol and other new 2021 coins that keep minting new supply. However, old coins already all of them reached max supply so I won't worry...
Hello, RVN was one of the best performers in recent weeks and i think it may sell off soon.
im taking 2x leverage short at the resistance(green zone), for now without stoploss but will put one once i see the reaction at the potential resistance.
Dyor, and only invest what you can afford to loose.
PS.: Crypto is a bubble.
RVN recovered momentum candle for 3/4, or more.
Currently at the deep retrace on Fibb's
Will it bounce now, or dump to lower numbers.
It already lost 93% from ATH, but we have seen worse scenarios, its not the end.
My opinion: It didnt accumulate in this low area to long and might play between two lowest fibbs few months, or skyrocket to GP.
Good LONG potential because:
- is in the up-trend and making HH and HL
- big horizontal support
- possible bounce from 50/200 MA because it’s being tested for the 1 time since weeks
- it’s FIB 61,8
Ravencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
The Ravencoin (RVNUSD) is having an impressive first half into September as it held the 1D MA100 (green trend-line) as Support and rose aggressively above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) to hit the Red Trend-line and the top (Lower Highs) trend-line of the long-term Channel Down pattern, as we illustrated on our previous...
