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Weekly forecast Ravencoin technical chart
Symbol RVNUSD
Trade Setup

#RVNUSDT
Total Profit: 1111 pip (19%)
Closed trade(s): 1111 pip Profit (19%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.05917 based on 'Valley & Down Trend Break Up' entry method at 2022.03.19.

Closed Profit:
TP1 @ 0.07028 touched at 2022.03.27 with 1111 pip Profit (19%).

8 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.04800 to 0.04050). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.04800)
  • Ending of entry zone (0.04050)

DateApril 17, 2022 - 18:19
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.04050, resumption of uptrend is expected.
  • We make sure when the resistance at 0.08080 breaks.
  • If the support at 0.04050 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.07655 on 03/31/2022, so more losses to support(s) 0.04800 and minimum to Major Support (0.04050) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 0.07028
  2. 0.08080
  3. 0.10305
  4. 0.13417
  5. 0.14960
  6. 0.17800
  7. 0.23524
  8. 0.29295
Click on the level to view price action history.

Symbol Released Current Forecast
Ravencoin (RVNUSD) free Sat, 23 Mar 2024
Ravencoin (RVNUSD) free Sun, 17 Mar 2024
Ravencoin (RVNUSD) free Sun, 10 Mar 2024
Ravencoin (RVNUSD) free Sun, 3 Mar 2024
Ravencoin (RVNUSD) Sat, 24 Feb 2024