RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 17


  • The short and medium-term outlook is in the downtrend.
  • Traders may consider selling at key areas with bearish reversal candles as entry confirmation.

RVN/USD Medium-term Trend: Bearish

Supply zone: $0.07000, $0.08000, $0.09000
Demand zone: $0.01600, $0.01500, $0.014000

RVNUSD continues in a bearish trend in the medium-term outlook. Increased pressure on the coin by the bears after the target at $0.03746 in the demand area was attained, led to further dropped in price to $0.03663 in the demand area before the end of yesterday session.

The bulls made a comeback at the demand area due to the wick in the candle which connoted exhaustion. RVNUSD rose to $0.04203 in the supply area as the bulls remained in control after today’s opening session. The resistance at the 50-EMA was tested as the cryptocurrency rose to $0.04481 and closed as an inverted hammer.

Price is below the 50-EMA and the signal of the stochastic oscillator points up at % implying an upward momentum. The coin may be up to the 38.2fib area a trend continuation zone before possible bears return for downward continuation.

RVN/USD Short-term Trend: Bearish

The bears attained the predicted target of $0.03800 in the demand area during yesterday session. The coin dropped further before momentum loss to $0.03677 with the spinning top signaling a trend reversal with the bulls staging a comeback. $0.04102 above the 10-EMA was the rally was sustained.

The bullish momentum was sustained with the break of the resistance at the 50-EMA and the cryptocurrency was up at $0.04448 in the supply but closed as inverted pinbar an indication of bullish exhaustion.

The coin was down at $0.04059 below the EMAs crossover as the bears took control. The signal of the stochastic oscillator points down at 59% suggesting a downward momentum in price in the short-term.

Live Ravencoin (RVN) Price:

1 RVN/USD =$0.1012 change ~ 1.20%

Coin Market Cap

$985.64 Million

24 Hour Volume

$29.68 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

 

 

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

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide