RAVENCOIN - RVN/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	RVNUSD
ISIN:

RAVENCOIN - RVN/USD - Weekly - Technical analysis published on 11/02/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.111900 USD

My targets

0.155400 USD (+19.63%)

0.189133 USD (+45.60%)

My analysis

RAVENCOIN - RVN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.111900 USD. The next resistance located at 0.155400 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.189133 USD. After this resistance, buyers could then target 0.234900 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RAVENCOIN - RVN/USD price is 0.129900 USD. Over 5 days, this instrument gained +23.01% and was traded between 0.109100 USD and 0.158800 USD over the period. The price is currently at +19.07% from its lowest point and -18.20% from its highest point.

0.109100

0.158800

0.129900

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this RAVENCOIN - RVN/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.089960	0.111900	0.129000	0.129900	0.155400	0.234900
Change (%)	-30.75%	-13.86%	-0.69%	-	+19.63%	+80.83%
Change	-0.039940	-0.018000	-0.000900	-	+0.025500	+0.105000
Level	Intermediate	Major	Intermediate	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.105167	0.110133	0.115167	0.120133	0.125167	0.130133	0.135167
Camarilla	0.117450	0.118367	0.119283	0.120200	0.121117	0.122033	0.122950
Woodie	0.105200	0.110150	0.115200	0.120150	0.125200	0.130150	0.135200
Fibonacci	0.110133	0.113953	0.116313	0.120133	0.123953	0.126313	0.130133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.079067	0.090033	0.102867	0.113833	0.126667	0.137633	0.150467
Camarilla	0.109155	0.111337	0.113518	0.115700	0.117882	0.120063	0.122245
Woodie	0.080000	0.090500	0.103800	0.114300	0.127600	0.138100	0.151400
Fibonacci	0.090033	0.099125	0.104742	0.113833	0.122925	0.128542	0.137633

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.026267	0.060333	0.090667	0.124733	0.155067	0.189133	0.219467
Camarilla	0.103290	0.109193	0.115097	0.121000	0.126903	0.132807	0.138710
Woodie	0.024400	0.059400	0.088800	0.123800	0.153200	0.188200	0.217600
Fibonacci	0.060333	0.084934	0.100133	0.124733	0.149334	0.164533	0.189133

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.03
MACD (12,26,9):	0.0063
Directional Movement:	13.519914
AROON (14):	14.285714
DEMA (21):	0.120261
Parabolic SAR (0,02-0,02-0,2):	0.070051
Elder Ray (13):	0.020394
Super Trend (3,10):	0.166612
Zig ZAG (10):	0.129800
VORTEX (21):	1.0825
Stochastique (14,3,5):	55.27
TEMA (21):	0.119546
Williams %R (14):	-39.24
Chande Momentum Oscillator (20):	-0.017300
Repulse (5,40,3):	9.8473
ROCnROLL:	1
TRIX (15,9):	0.6041
Courbe Coppock:	144.12

MA7:	0.116986
MA20:	0.114365
MA50:	0.109757
MA100:	0.113606
MAexp7:	0.119363
MAexp20:	0.112079
MAexp50:	0.096654
MAexp100:	0.077203
Price / MA7:	+11.04%
Price / MA20:	+13.58%
Price / MA50:	+18.35%
Price / MA100:	+14.34%
Price / MAexp7:	+8.83%
Price / MAexp20:	+15.90%
Price / MAexp50:	+34.40%
Price / MAexp100:	+68.26%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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