THELOGICALINDIAN - Ravencoin is aerial aerial again
Fundamental Analysis
RavenCoin has surged afterwards the activity has announced advertisement on the Crypto.com. Users will be able to acquirement RVN application coffer transfers and acclaim cards, which should access the acceptance and clamminess of the coin.
RavenCoin / USD Short-term amount analysis
RavenCoin has a bullish concise outlook, with the cryptocurrency still trading aloft above abstruse abutment on the four-hour time frame.
The four-hour time anatomy shows that a circuitous astern arch and amateur arrangement has formed, with the RVN / USD brace attempting to move aback appear neckline resistance.
Technical indicators on the four-hour time anatomy accept angry bullish and abide to affair a buy signal.
Pattern Watch
Traders should agenda that the RVN / USD brace will move to a new best amount aerial if the bullish arrangement is absolutely afire on the four-hour time frame.
Relative Strength Index
The RSI indicator is still 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 accomplish a buy signal.
RavenCoin / USD Medium-term amount analysis
RavenCoin has a bullish medium-term outlook, with the RVN / USD brace testing above abstruse attrition on the circadian time frame.
The circadian time anatomy is assuming that assorted bullish astern arch and amateur patterns accept formed, with RVN / USD beasts already afresh attempting to move amount aloft blemish resistance.
Technical indicators on the circadian anatomy are alloyed and are declining to accomplish a bright trading signal.
Pattern Watch
Traders should agenda that RaveCoin could about bifold in amount if beasts can absolutely burn the ample bullish arrangement on the circadian time frame.
Relative Strength Index
The RSI indicator is trading abutting to aloof levels and is currently flatlined on the circadian time frame.
MACD Indicator
The MACD indicator is conflicted on the circadian time anatomy and is declining to accomplish a bright trading signal.
Conclusion
RavenCoin shows amazing abbreviate and medium-term upside potential, with the bullish patterns on both time frames accent that the cryptocurrency could eventually assemblage way above its accepted best almanac amount high.
Check out our RavenCoin adviser for insights.
