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Weekly forecast Ravencoin technical chart
Symbol RVNUSD

Trading suggestion:

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

DateMay 20, 2023 - 14:27
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.01720, beginning of uptrend is expected.
  • We make sure when the resistance at 0.02838 breaks.
  • If the support at 0.01720 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.01954 on 05/12/2023, so more gains to resistance(s) 0.02445 and maximum to Major Resistance (0.02838) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 46.

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