RavenCoin Price Analysis RVN / USD: Phoenix Rising

2019-6-19 17:21

RavenCoin has a bullish short-term bias with the cryptocurrency still trading above key technical support on the four-hour time frame The four-hour time frame continues to show a large bullish pattern The daily time frame is currently showing multiple bullish patterns 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 above major technical support on the four-hour time frame.

The four-hour time frame shows that a complex inverted head and shoulders pattern has formed, with the RVN / USD pair attempting to move back towards neckline resistance.

Technical indicators on the four-hour time frame have turned bullish and continue to issue a buy signal.

 

RVN / USD H4 Chart by TradingView

                                                                                

Pattern Watch

Traders should note that the RVN / USD pair will move to a new all-time price high if the bullish pattern is fully ignited on the four-hour time frame.

Relative Strength Index

The RSI indicator is still bullish on the four-hour time frame and shows scope for further upside.

MACD Indicator

The MACD indicator is bullish on the four-hour time frame and continues to generate a buy signal.

RavenCoin / USD Medium-term price analysis

RavenCoin has a bullish medium-term outlook, with the RVN / USD pair testing major technical resistance on the daily time frame.

The daily time frame is showing that multiple bullish inverted head and shoulders patterns have formed, with RVN / USD bulls once again attempting to move price above breakout resistance.

Technical indicators on the daily frame are mixed and are failing to generate a clear trading signal.

 

RVN / USD Daily Chart by TradingView

Pattern Watch

Traders should note that RaveCoin could nearly double in value if bulls can fully ignite the large bullish pattern on the daily time frame.

Relative Strength Index

The RSI indicator is trading close to neutral levels and is currently flatlined on the daily time frame.

MACD Indicator

The MACD indicator is conflicted on the daily time frame and is failing to generate a clear trading signal.

Conclusion

RavenCoin shows tremendous short and medium-term upside potential, with the bullish patterns on both time frames underscoring that the cryptocurrency could eventually rally way beyond its current all-time record price high.

 

Check out our RavenCoin guide for insights.

Ravencoin ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=RVN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24320 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24320 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24320 a.tabperiods.tabperiods_active, #ccpw-ticker-24320 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24320 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24320 .coin-container:after, .ccpw-container_four #ccpw-ticker-24320 .coin-container:after {border-color:#ccc !Important;}

 

The post RavenCoin Price Analysis RVN / USD: Phoenix Rising appeared first on Crypto Briefing.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ravencoin (RVN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0178659
Капитализация $0 Rank 99999
Цена в час новости $ 0.0650916 (-100%)

ravencoin bullish time frame analysis crypto price

ravencoin bullish → Результатов: 10


Ravencoin Price Analysis RVN / USD: Bullish Falling Wedge

Ravencoin has a bearish short-term bias, with the RVN / USD pair falling below its 200-period moving average on the four-hour time frame The RVN / USD pair is still bullish over the medium-term and continues to trade above its 200-day moving average A bullish falling wedge pattern can be seen on the daily time […] The post Ravencoin Price Analysis RVN / USD: Bullish Falling Wedge appeared first on Crypto Briefing.

2019-5-23 16:59