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 11/05/2021 (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 (+9.75%)
0.189133 USD (+33.57%)
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.

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
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

The RAVENCOIN - RVN/USD price is 0.141600 USD. The price registered an increase of +22.39% over 5 days and has been traded over the last 5 days between 0.115100 USD and 0.154000 USD. This implies that the 5 day price is +23.02% from its lowest point and -8.05% from its highest point.

0.115100
0.154000
0.141600

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 RAVENCOIN - RVN/USD in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Weekly



In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 0.089960 0.111900 0.129000 0.141600 0.155400 0.234900
Change (%) -36.47% -20.97% -8.90% - +9.75% +65.89%
Change -0.051640 -0.029700 -0.012600 - +0.013800 +0.093300
Level Intermediate Major Major - Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1152000.1232000.1337000.1417000.1522000.1602000.170700
Camarilla0.1391130.1408080.1425040.1442000.1458960.1475920.149288
Woodie0.1164500.1238250.1349500.1423250.1534500.1608250.171950
Fibonacci0.1232000.1302670.1346330.1417000.1487670.1531330.160200


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): 57.40
MACD (12,26,9): 0.0072
Directional Movement: 13.519914
AROON (14): 14.285714
DEMA (21): 0.122118
Parabolic SAR (0,02-0,02-0,2): 0.070051
Elder Ray (13): 0.018844
Super Trend (3,10): 0.166612
Zig ZAG (10): 0.140400
VORTEX (21): 1.0825
Stochastique (14,3,5): 57.76
TEMA (21): 0.121586
Williams %R (14): -32.20
Chande Momentum Oscillator (20): -0.009600
Repulse (5,40,3): 21.3873
ROCnROLL: 1
TRIX (15,9): 0.6180
Courbe Coppock: 147.01
MA7: 0.129043
MA20: 0.118835
MA50: 0.110979
MA100: 0.115966
MAexp7: 0.121588
MAexp20: 0.113193
MAexp50: 0.097093
MAexp100: 0.077433
Price / MA7: +9.73%
Price / MA20: +19.16%
Price / MA50: +27.59%
Price / MA100: +22.10%
Price / MAexp7: +16.46%
Price / MAexp20: +25.10%
Price / MAexp50: +45.84%
Price / MAexp100: +82.87%

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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