Ravencoin (RVN) is now standing at one of its most critical levels since 2021. On the weekly chart, we clearly see a Descending Triangle pattern:
Lower Highs pressing the price down for years.
Strong demand zone around 0.00712 – 0.0130 USDT still holding as the last defense for buyers.
Price is now sitting right at the triangle’s apex, which means a major move is coming soon — either breakout or breakdown.
---
🔎 Technical Breakdown
Main pattern: Descending Triangle (statistically bearish, but positioned at strong demand).
Historical support: 0.00712 – 0.0130 (tested since 2021, sign of strong accumulation).
Descending trendline: rejected every rally since 2021, still intact.
Key resistances ahead: 0.0190 → 0.0237 → 0.032 → 0.050 → 0.128.
Major high: 0.2929 (far above, but valid long-term target if structure flips bullish).
---
🟢 Bullish Scenario
Trigger: Weekly close above descending trendline + successful retest, or breakout above 0.0190 USDT.
Additional confirmation: Strong volume breakout + weekly RSI reclaiming 50 or showing bullish divergence.
Upside targets:
1. 0.0190 (first resistance)
2. 0.0237 (historical barrier)
3. 0.0322 (trend reversal confirmation)
4. 0.0503 (major breakout level)
If momentum holds → potential extension toward 0.128.
Takeaway: A clean breakout could mark the first long-term bullish trend reversal for RVN in years.
---
🔴 Bearish Scenario
Trigger: Weekly close below 0.00712 USDT with strong volume.
Consequence: Breakdown from multi-year support → “last fortress” of buyers destroyed.
Downside target:
Retest 0.0071 (historical low). If lost, RVN may enter deeper price discovery zones.
Invalidation of bearish case: Price reclaiming above 0.0190.
Takeaway: Losing this demand zone could trigger a strong continuation to the downside.
---
⚖️ Big Picture
RVN is at a make-or-break point:
Breakout above → long-term trend reversal and new bullish cycle.
Breakdown below → bearish continuation with risk of new lows.
This is not just a technical setup; it also reflects overall crypto market sentiment. Bitcoin’s next major move will heavily influence RVN.
---
🎯 Strategy
Conservative traders: Wait for weekly close confirmation (breakout or breakdown).
Aggressive traders: Consider entries inside the demand zone with tight stops below 0.0070.
Risk management: Crucial! Weekly setups often bring big moves.
---
📌 Conclusion
RVN/USDT is “squeezed” at the apex of a descending triangle right on a multi-year demand zone.
Bullish case: breakout → 0.019 → 0.023.
Bearish case: breakdown < 0.0071 → opens the door for new lows.
Whichever direction plays out, a major RVN move seems very close.
---
#RVN #Ravencoin #RVNUSDT #CryptoAnalysis #TechnicalAnalysis #DescendingTriangle #Altcoin #PriceAction #ChartPattern #CryptoTrading
Lower Highs pressing the price down for years.
Strong demand zone around 0.00712 – 0.0130 USDT still holding as the last defense for buyers.
Price is now sitting right at the triangle’s apex, which means a major move is coming soon — either breakout or breakdown.
---
🔎 Technical Breakdown
Main pattern: Descending Triangle (statistically bearish, but positioned at strong demand).
Historical support: 0.00712 – 0.0130 (tested since 2021, sign of strong accumulation).
Descending trendline: rejected every rally since 2021, still intact.
Key resistances ahead: 0.0190 → 0.0237 → 0.032 → 0.050 → 0.128.
Major high: 0.2929 (far above, but valid long-term target if structure flips bullish).
---
🟢 Bullish Scenario
Trigger: Weekly close above descending trendline + successful retest, or breakout above 0.0190 USDT.
Additional confirmation: Strong volume breakout + weekly RSI reclaiming 50 or showing bullish divergence.
Upside targets:
1. 0.0190 (first resistance)
2. 0.0237 (historical barrier)
3. 0.0322 (trend reversal confirmation)
4. 0.0503 (major breakout level)
If momentum holds → potential extension toward 0.128.
Takeaway: A clean breakout could mark the first long-term bullish trend reversal for RVN in years.
---
🔴 Bearish Scenario
Trigger: Weekly close below 0.00712 USDT with strong volume.
Consequence: Breakdown from multi-year support → “last fortress” of buyers destroyed.
Downside target:
Retest 0.0071 (historical low). If lost, RVN may enter deeper price discovery zones.
Invalidation of bearish case: Price reclaiming above 0.0190.
Takeaway: Losing this demand zone could trigger a strong continuation to the downside.
---
⚖️ Big Picture
RVN is at a make-or-break point:
Breakout above → long-term trend reversal and new bullish cycle.
Breakdown below → bearish continuation with risk of new lows.
This is not just a technical setup; it also reflects overall crypto market sentiment. Bitcoin’s next major move will heavily influence RVN.
---
🎯 Strategy
Conservative traders: Wait for weekly close confirmation (breakout or breakdown).
Aggressive traders: Consider entries inside the demand zone with tight stops below 0.0070.
Risk management: Crucial! Weekly setups often bring big moves.
---
📌 Conclusion
RVN/USDT is “squeezed” at the apex of a descending triangle right on a multi-year demand zone.
Bullish case: breakout → 0.019 → 0.023.
Bearish case: breakdown < 0.0071 → opens the door for new lows.
Whichever direction plays out, a major RVN move seems very close.
---
#RVN #Ravencoin #RVNUSDT #CryptoAnalysis #TechnicalAnalysis #DescendingTriangle #Altcoin #PriceAction #ChartPattern #CryptoTrading
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.