Ravencoin (RVN)

Ravencoin Prediction: Long-term (RVNUSD) Value Forecast- July 14

Azeez Mustapha
July 14, 2019

• 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.

write an article on Ravencoin (RVN)

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.