RAVENCOIN - RVN/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	RVNUSD
ISIN:

RAVENCOIN - RVN/USD - Weekly - Technical analysis published on 11/04/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.129000 USD

My targets

0.155400 USD (+7.10%)

0.189133 USD (+30.35%)

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 0.129000 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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

RAVENCOIN - RVN/USD rating 0.145100 USD. The price is up +27.39% over 5 days with the lowest point at 0.112400 USD and the highest point at 0.158800 USD. The deviation from the price is +29.09% for the low point and -8.63% for the high point.

0.112400

0.158800

0.145100

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Weekly chart of RAVENCOIN - RVN/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.089960	0.111900	0.129000	0.145100	0.155400	0.234900
Change (%)	-38.00%	-22.88%	-11.10%	-	+7.10%	+61.89%
Change	-0.055140	-0.033200	-0.016100	-	+0.010300	+0.089800
Level	Intermediate	Major	Intermediate	-	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.113700	0.119500	0.126600	0.132400	0.139500	0.145300	0.152400
Camarilla	0.130153	0.131335	0.132518	0.133700	0.134883	0.136065	0.137248
Woodie	0.114350	0.119825	0.127250	0.132725	0.140150	0.145625	0.153050
Fibonacci	0.119500	0.124428	0.127472	0.132400	0.137328	0.140372	0.145300

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.52
MACD (12,26,9):	0.0077
Directional Movement:	13.519914
AROON (14):	14.285714
DEMA (21):	0.123177
Parabolic SAR (0,02-0,02-0,2):	0.070051
Elder Ray (13):	0.018023
Super Trend (3,10):	0.166612
Zig ZAG (10):	0.146100
VORTEX (21):	1.0825
Stochastique (14,3,5):	59.56
TEMA (21):	0.123028
Williams %R (14):	-27.26
Chande Momentum Oscillator (20):	-0.003800
Repulse (5,40,3):	29.1549
ROCnROLL:	1
TRIX (15,9):	0.6294
Courbe Coppock:	149.45

MA7:	0.125486
MA20:	0.117385
MA50:	0.110563
MA100:	0.115189
MAexp7:	0.122838
MAexp20:	0.113746
MAexp50:	0.097352
MAexp100:	0.077562
Price / MA7:	+15.63%
Price / MA20:	+23.61%
Price / MA50:	+31.24%
Price / MA100:	+25.97%
Price / MAexp7:	+18.12%
Price / MAexp20:	+27.56%
Price / MAexp50:	+49.05%
Price / MAexp100:	+87.08%

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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