RavenCoin is a digital P2P platform that is programmed for providing one specific function: to transfer assets from one party to the other. It is built on the nodes of Bitcoin. It was established in 2017 and the binary (RVN) was listed in 2018. The RVN technical analysis is as follows: Past Performance In the past seven days, RVN has traded between $0.05391 and $0.1084 and is currently 67.52% down from its all-time high of Feb 2021. https://ift.tt/3p6AvOV Day Ahead And Tomorrow In the past 24 hours, RVN has increased by 16% from the low of $0.08702 to a high of $0.1014. Currently, the price is trading at $0.0928 and is approx. 1% low from its daily high. The price is making a very narrow range close to a break-out or break-down level. The MACD line is currently in the bullish zone due to the high buying pressure in the market. The signal line has crossed over the MACD line. We will see a short pull back from this level, and it might go in the bearish zone. Relative Strength Index has reached below the equilibrium in the hourly chart indicating seller’s dominance over buyers. If the selling pressure continues RSI might touch the oversold zone. RVN Technical Analysis If the selling pressure continues RVN can touch the support level at $0.09139, if the price breaks this level a trader should take a short call keeping the target at $0.08497 and stop-loss at $0.09740. In short, when we look at all three indicators together, we can say that the price will continue to decline for some more time. Thereafter, we have to wait and watch if the price starts rising.
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