rvnbtcJust sharing one of QFL trading lets say old good trading style.Not only DOGE,lot of coins see the flood of the capital. :) PS>I like technical analysis .I think the best timeframes for a smaller capitals are daily,weekly.From my experience I spent quite a lot of money on shorter intraday trading charts.No way,Like to live my live not stressing myself :) Good trades to you all:) Buy cheap. Timing is a king! Ahoj.
Ravencoin / Bitcoin
0.00000011BTCR
−0.00000002−15.38%
As of today at 17:21 GMT
BTC
No trades
RVNBTC trade ideas
Raven going the way of the Dodo?This is not financial advice. These are my thoughts written out to help my own trading decisions. Do your own due diligence.
I've been studying the different coins that have been delisted in the past by Binance. Some signs that typically point towards a delisting seem to be:
1. precipitous drop in trading volume and sustained periods of low volume and liquidity.
You can see a consistent drop in volume since the March 2019 pump. A 94% drop from the top to where we are now. Binance makes their money through trading fees. The coin has also spent the majority of it's existence below the 50 ma in volume. Binance is constantly balancing the risk of hacks, regulatory issues, etc...against the reward of how much they earn through trading fees. With that in mind, how does Binance's interest square with how this coin has performed for them? Less volume = less fees earned.
2. order book action. Are the market maker's manipulating the price to accumulate or distribute their positions? What is the trade history. What is price that is actually being bought and sold?
Market makers appear to be exiting their positions in a controlled manner. When observing the price action there are more large sell orders that come through followed by small buy orders to maintain the price. Buy walls appear to backfill and act like support. Yet the price is continuing to drop. Do they know something?
3. the coin's community interest, support, and ability to address issues.
Unaddressed inflation event due to an exploit that occurred in July that allowed for hackers to mint 6 million RVN. The inflation event caused an increase of 1.5% of maximum supply and a 5% increase of current supply. So far the creators, and community, are at odds on how to address this. These points lead to an, "(un)* healthy, sustainable blockchain and cryptocurrency ecosystem ".
These factors lead me to believe that delisting is possible and likely to happen in the near future.
RVNBTCBINANCE:RVNBTC Hello. By examining the descending rvn coin that this rvn coin had, it is possible to go back to the price of 68, but the price should be closed above the 55 resistance, and if this happens, we will see the price of 68. And if the price of 68 fails, the price will reach 80.
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RVN slow and easy move!With a lot of correction I am bullish on this coin. it has shown us before that has an unpredictable manner. RSI dipped enough and MACD is turning into green. so I expect that it must touch the edge of KOMO cloud. candles got very far away from the cloud an it must get itself to the edge. so it must go up to the range 250-260 in few weeks.
RVNBTC - Explosive Breakout ComingBINANCE:RVNBTC
Expecting an explosive breakout for RVN very soon. RSI and Stoch both very oversold.
Very good reversal candle formed last week and looks ready to breakout the falling wedge pattern which is the same pattern as its last breakout which occurred in early 2019.
