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Weekly forecast Ravencoin technical chart
Symbol RVNUSD
Trade Setup

#RVNUSDT:
Total Loss: 16440 pip (340%)
Closed trade(s): 16440 pip Loss

Trade Setup:
We opened 10 BUY trade(s) @ 0.04833 based on 'Valley' entry method at 2022.05.04.

Total Loss:
SL @ 0.03189 touched at 2022.05.09 with 1644 pip Loss (34%).
Loss for one trade is 0.04833(open price) - 0.03189(close price) = 1644 pip (34%)
Therefore total loss for trades is 1644 (34%) x 10 = 16440 pip (340%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 23, 2022 - 10:43
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.03920 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 0.04900 on 05/05/2022, so more losses to support(s) 0.02615, 0.01075 and more depths 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 41.

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