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Ravencoin / TetherUS

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RVNUSDT trade ideas

Ravencoin - RVN/USDTIn early March this year, Ravencoin had support at $ 0.023. After the great fall caused by the corona crisis, that support became resistance. It can be said that the value of 0.023 USDT represents a great resistance. On the daily chart it can be seen that after a big drop Ravencoin tried five times to cross that value and failed. Also on the daily chart it can be seen that the 200 day EMA line has been tried several times to cross but failed. Considering that the more times one tries to cross the resistance, the weaker it becomes, and that the 200-day EMA line approaches the current value of Ravencoin, it is to be expected that these barriers will be crossed in next days. After crossing the resistance at 0.023, the next resistance is at 0.030 USDT. This is my idea not financial advice.
Long
by martinbilusic
Ravencoin, Crypto darling on strong UPTRENDFA: The mineable, open source coin which was not pre-mined; if you are looking for a stable and safe investment, this is probably one of your best bets. TA: Strong Upward trend. Volume profile is centered at current price level, therefore, big price retracements are unlikely. ATH is 100% away, with RVN's development; we can expect it to go higher. Please manage your risk accordingly, this is not investment advice. -Megalodon (Rahim) Please share your comments below and you are welcome to post your own charts :) BINANCE:RVNBTC BINANCE:RVNUSDT BITTREX:RVNUSD
Long
by BoSukas
1
RVN making a move - Could be a lucrative long hereRVN has been on a downtrend for over 2 weeks and has broken the resistance on 2hr and LTF. The trend change means this long could be quite lucrative as RVN held the support despite the RavenCoin attack news recently as the Developers have been quick in acknowledging the vulnerability and reacting quickly to the event. Ravencoin has a strong community and despite the recent news, the Technicals and the trend looks in favor of Bulls. The 2 hr chart shows Trade Entries with Targets achieved so far and ones that have not been hit (Chart uses Plug and Trade to generate entries based on TrendRider - both Premium scripts). If this trend continues, the next targets open up bigger ranges for longs and hence the reward is pretty high here compared to the risk. Recommended Stop Loss - 0.017-0.019 - based on personal risk strategy and timeframe traded As with any trade, Do Your On Research as crypto currency trading has its risks as the market is quite volatile and is dependent on BTC moves.
Long
by TradeChartist
1
RVNBTC | Apex | Symmetrical Triangle | Breakout Imminent Todays chart – RVNUSDT – Attempting to break the symmetrical triangle formation as it nears the apex Points to consider: - support and resistances converging (apex) - Bullish Price action (sellers bought up) - RSI above 50 - Strong volume RVN trading within a mature symmetrical triangle where buyers have consistently bought up the sellers throughout the formation. RSI breaking above 50 showing increasing strength in the market supporting the bullish bias. Strong volume node is present, increasing volume follow-through is key for a continuation of this break. Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the formation (aggressive entry) as both technical targets align with structural resistance. What are your thoughts? Let me know in the comments below! Be sure to leave a like and follow me for daily chart updates. As always, focus on you - and the money will too!
Long
by Kudiiee