Ravencoin Prediction: Long-term (RVNUSD) Value Forecast- July 14
• Ravecoin continues in a range-bound market.
• Patience is required before taking a position.
Distribution zones: $0.080, $0.090, $0.100
Accumulation zones: $0.04, $0.03, $0.02
RVNUSD Long-term Trend: Ranging
RAVENCOIN continues in a range-bound market in its long-term outlook. The bulls increased momentum pushed price up to $0.055 in the distribution area, with its wick touching the EMA-50 during the session yesterday. The momentum was lost as exhaustion sets in as the bears returned.
Today’s 4-hour opening candle at $0.050 in the accumulation area was bearish as the bears remained dominant in the market.
RVNUSD dropped further to $0.046 in the accumulation area. Price revolves around the two EMAs and the signal of the stochastic oscillator points upwards at level 42% an indication of upward momentum within the range in the long-term.
RVNUSD is ranging and trading between $0.082 in the upper distribution area and at $0.038 in the accumulation area of the range. Patience coupled with a retest is needed before a position is taken.
Live Ravencoin (RVN) Price:
1 RVN/USD =$0.1029 change ~ -9.03%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.