RAVENCOIN - RVN/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	RVNUSD
ISIN:

RAVENCOIN - RVN/USD - 1H - Technical analysis published on 11/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.017383 USD

My targets

0.018119 USD (+1.73%)

0.018358 USD (+3.07%)

My analysis

The bullish trend is currently very strong on RAVENCOIN - RVN/USD. As long as the price remains above the support at 0.017383 USD, you could try to benefit from the boom. The first bullish objective is located at 0.018119 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.018358 USD as an objective. Crossing it would then enable buyers to target 0.019372 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

6.8

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RAVENCOIN - RVN/USD rating 0.017811 USD. The price is lower by -0.28% since the last closing and was between 0.017701 USD and 0.017861 USD. This implies that the price is at +0.62% from its lowest and at -0.28% from its highest.

0.017701

0.017861

0.017811

Here is a more detailed summary of the historical variations registered by RAVENCOIN - RVN/USD:

Technical

Technical analysis of this 1H chart of RAVENCOIN - RVN/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.016111	0.016683	0.017383	0.017811	0.017881	0.018119	0.018358
Change (%)	-9.54%	-6.33%	-2.40%	-	+0.39%	+1.73%	+3.07%
Change	-0.001700	-0.001128	-0.000428	-	+0.000070	+0.000308	+0.000547
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Intermediate

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	0.016708	0.017046	0.017453	0.017791	0.018198	0.018536	0.018943
Camarilla	0.017656	0.017724	0.017793	0.017861	0.017929	0.017998	0.018066
Woodie	0.016744	0.017063	0.017489	0.017808	0.018234	0.018553	0.018979
Fibonacci	0.017046	0.017330	0.017506	0.017791	0.018075	0.018251	0.018536

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.013482	0.014906	0.015649	0.017073	0.017816	0.019240	0.019983
Camarilla	0.015795	0.015994	0.016192	0.016391	0.016590	0.016788	0.016987
Woodie	0.013141	0.014736	0.015308	0.016903	0.017475	0.019070	0.019642
Fibonacci	0.014906	0.015734	0.016246	0.017073	0.017901	0.018413	0.019240

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006668	0.010474	0.013696	0.017502	0.020724	0.024530	0.027752
Camarilla	0.014986	0.015631	0.016275	0.016919	0.017563	0.018208	0.018852
Woodie	0.006377	0.010328	0.013405	0.017356	0.020433	0.024384	0.027461
Fibonacci	0.010474	0.013158	0.014817	0.017502	0.020186	0.021845	0.024530

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):	51.91
MACD (12,26,9):	0.0000
Directional Movement:	4.765028
AROON (14):	42.857143
DEMA (21):	0.017757
Parabolic SAR (0,02-0,02-0,2):	0.017508
Elder Ray (13):	0.000029
Super Trend (3,10):	0.017453
Zig ZAG (10):	0.017789
VORTEX (21):	0.8348
Stochastique (14,3,5):	71.72
TEMA (21):	0.017754
Williams %R (14):	-25.78
Chande Momentum Oscillator (20):	0.000387
Repulse (5,40,3):	0.1439
ROCnROLL:	1
TRIX (15,9):	-0.0097
Courbe Coppock:	1.55

MA7:	0.017027
MA20:	0.017352
MA50:	0.017337
MA100:	0.016907
MAexp7:	0.017775
MAexp20:	0.017747
MAexp50:	0.017666
MAexp100:	0.017415
Price / MA7:	+4.60%
Price / MA20:	+2.65%
Price / MA50:	+2.73%
Price / MA100:	+5.35%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.36%
Price / MAexp50:	+0.82%
Price / MAexp100:	+2.27%

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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Londinia AI

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