RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 22
- The short and medium-term outlook is in the uptrend.
- Responsible buying at broken supply now demand area.
RVN/USD Medium-term Trend: Bullish
Supply zone: $0.07000, $0.08000, $0.09000
Demand zone: $0.01600, $0.01500, $0.014000
RVNUSD is in a bullish trend in the medium-term outlook. The breakout at the EMAs crossover confirmed the rally as the coin rose to $0.05118 in the supply area during yesterday session. Today session opened on a bullish note at $0.05101 making a high at $0.05451 shortly after opening.
The wick at the candle suggests exhaustion with the bears returning for a brief downward price drop. The 10-EMA is good support against further downward price movement the coin was down to$0.04912 in the demand area.
Price is above the two EMAs and the signal of the stochastic oscillator points down at 70% a reflection of the brief correction to the downside by the bears. $0.05800 in the supply area is the bulls target as its journey up north in the medium-term.
RVN/USD Short-term Trend: Bullish
The correction to the trendline at $0.04546 during yesterday session after the bears' exhaustion return the bulls. The rally led to the coin at $0.05110 in the supply area before the end of yesterday session.
The upward momentum was sustained as the market opened today at $0.05039. RVNUSD was up at $0.05432 in the supply area before the loss in momentum.
The market correction is ongoing as the bears are back in control with price already down to $0.04950. A little push to the trendline may occur as confirmed by the signal of the stochastic oscillator pointing down at 54% before the bulls resume upward price continuation in the short-term.
$0.05400 in the supply area is on the horizon with pressure on the coin getting stronger by the bulls.
Live Ravencoin (RVN) Price:
1 RVN/USD =$0.1507 change ~ -3.22%
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