Ravencoin is a blockchain network forked from the Bitcoin blockchain source code. It aims at the efficient creation and transfer of crypto assets among different users. In the past 7-days, RVN has climbed 9.94% to $0.18. Past Performance RVN started trading at $0.16 on March 3, 2021. As of March 9, 2021, the closing price of RVN was $0.175. Thus, the price has soared by approximately 9% in the past week. In the past 24 hours, RVN has traded between $0.153 and $0.205. https://ift.tt/2OaCpjv Day-Ahead and Tomorrow Today, the opening price of RVN was $0.175. At present, RVN is trading at $0.178. Thus, the market is an uptick. The MACD and signal lines have just turned positive. Hence, the overall market momentum has become bullish. A bullish crossover by the MACD line over the signal line is indicative of a price rise. Thus, we can expect the price to go up. Currently, the RSI is at 61%. It has just fallen from the ‘overbought’ region. Thus, it is the right moment for swing traders to go short on their RVN holdings. The buying pressures are still high which can be a good sign for the prices. High demand will exert upward pressure on the price. The A/D indicator is upward sloping. In the past 24 hours, accumulations have been consistently higher than distributions. Hence, the price uptrend will continue as buying activity is high. RVN Price Analysis Currently, the price is just above the Fibonacci pivot point of $0.178. If the bulls are strong, we can expect the RVN closing price to be above the first Fibonacci pivot resistance level of $0.197. The price has fallen below the 50% FIB retracement level of $0.179. As the bulls regain strength, we can expect the price to retest and break out of the 38.2% and 23.6% FIB retracement levels of $0.185 and $0.193, respectively. If it falls below the 76.4% FIB retracement level of $0.165, then a downtrend has set in, and it will continue tomorrow as well.
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