THELOGICALINDIAN - Ravencoin has a abundant mediumterm potential
Ravencoin / USD Short-term amount analysis
Ravencoin has a bearish concise bias, with the cryptocurrency trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy shows that a accurate astern arch and amateur arrangement has formed, with the RVN / USD brace now alarmingly abutting to abandoning the bullish pattern.
Technical indicators on the four-hour are bullish and abide to affair a buy signal.
Pattern Watch
Traders should agenda that the RVN / USD brace may be abstraction out a right-hand accept to complete the bullish arrangement on the four-hour time frame.
Relative Strength Index
The RSI indicator is additionally bullish on the four-hour time anatomy and shows ambit for added upside.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to affair a buy signal.
Ravencoin / USD Medium-term amount analysis
Ravencoin has a bullish medium-term outlook, with the RVN / USD brace still captivation aloft its trend defining 200-day affective average.
The circadian time anatomy continues to appearance assorted astern arch and amateur patterns, with the beyond arrangement captivation a huge upside projection.
Technical indicators on the circadian time anatomy are alloyed and currently declining to accomplish a bright trading signal.
Pattern Watch
Traders abide to adviser the neckline of the beyond astern arch and amateur arrangement for a above medium-term abstruse breakout.
Relative Strength Index
The RSI indicator is trading beneath aloof and charcoal technically bearish on the circadian time frame.
MACD Indicator
The MACD indicator is bearish on the circadian time anatomy and continues to affair a advertise signal.
Conclusion
Ravencoin is still beneath burden in the short-term, with beasts defective to balance the cryptocurrency aloft its 200-period affective boilerplate on the four-hour time frame.
The circadian time anatomy continues to highlight the attendance of assorted bullish patterns, with the RVN / USD brace assuming abundant medium-term upside potential.
Check out our RavenCoin adviser for insights.
