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.
BITTREX:RVNUSD On the 4-hour chart, it can be clearly seen that the missile(RVN) is ready for firing.
Technical analysis: . PEERCOIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 51. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue. . The price downtrend in the daily chart...
The fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here: www.reddit.com The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now...
The fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here: www.reddit.com The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now...
Pattern: Descending H&S. Signal: Bullish. Target: 0.465000.
The advent of blockchain technology opened up a new world of possibilities for the financial industry. With other industries already moving into the digital space, blockchain makes it possible for the financial industry to go entirely digital. One of the promising areas in blockchain is asset digitization. This means representing a physical asset on the...
#rvn $rvn/usd #ravencoin - daily long idea Range .013 - .010 support test at .010 low volume btc macro trend uncertain VOL ATR - SHORT long term long next resistance up ~ .025 support at .010 thank you, and trade responsibly - this is my idea not financial advice
Main Trend = Neutral Above 200 EMA = BULLISH Confirmation Bellow 50 EMA = BEARISH Trend resumed
Raven vs USD long setup. Ticker to be found on Binance vs BTC. rvnbtc that is.