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Weekly forecast Ravencoin technical chart

Trading suggestion:

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

DateMay 28, 2023 - 09:38
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 peak is formed in daily chart at 0.02255 on 05/17/2023, so more losses to support(s) 0.01950 and minimum to Major Support (0.01720) 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 44.

Symbol Released Current Forecast
Ravencoin (RVNUSD) Sat, 15 Jun 2024
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Ravencoin (RVNUSD) Sun, 26 May 2024
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