RAVENCOIN - RVN/USD
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
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
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
0
10
8.2

This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily
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.

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.

Central Gaps

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:

Central 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:

Central Indicators

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:

Central Indicators

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

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

Central Indicators

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
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
Standard0.1137000.1195000.1266000.1324000.1395000.1453000.152400
Camarilla0.1301530.1313350.1325180.1337000.1348830.1360650.137248
Woodie0.1143500.1198250.1272500.1327250.1401500.1456250.153050
Fibonacci0.1195000.1244280.1274720.1324000.1373280.1403720.145300


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0790670.0900330.1028670.1138330.1266670.1376330.150467
Camarilla0.1091550.1113370.1135180.1157000.1178820.1200630.122245
Woodie0.0800000.0905000.1038000.1143000.1276000.1381000.151400
Fibonacci0.0900330.0991250.1047420.1138330.1229250.1285420.137633


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0262670.0603330.0906670.1247330.1550670.1891330.219467
Camarilla0.1032900.1091930.1150970.1210000.1269030.1328070.138710
Woodie0.0244000.0594000.0888000.1238000.1532000.1882000.217600
Fibonacci0.0603330.0849340.1001330.1247330.1493340.1645330.189133

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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