Ravencoin Prediction: Long-term (RVNUSD) Value Forecast- July 21


• The cryptocurrency is in a range-bound market.
• Patience is required in trading the consolidation.

Distribution zones: $0.08, $0.09, $0.10
Accumulation zones: $0.04, $0.03, $0.02

RVNUSD Long-term Trend: Ranging

RVNUSD long-term outlook continues in a range-bound market. $0.05 in the distribution area was the high of the day attained yesterday as the bulls remained in control within the range. The close of the daily candle at $0.048 with a doji suggests exhaustion of the bullish momentum hence the bears brief returned.

Today’s daily candle opens at $0.048 in the accumulation area was on a bearish note.

The bears' pressure on the cryptocurrency led to a drop in price to $0.045 at the lower price range.

Price is hovering around two EMAs and the stochastic oscillator signal points up at level 51%. These suggest upward momentum within the range in the long-term.

RVNUSD is in consolidation and trading between $0.08 in the upper distribution area and at $0.03 in the lower accumulation area of the range.

A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

Live Ravencoin (RVN) Price:

1 RVN/USD =$0.1627 change ~ -1.57%

Coin Market Cap

$1.34 Billion

24 Hour Volume

$60.07 Million

24 Hour VWAP

$0

24 Hour Change

$0.00
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.

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