Should You Buy Ravencoin (RVN) Tuesday?

Tuesday, September 06, 2022 09:27 AM | InvestorsObserver Analysts

InvestorsObserver gives Ravencoin a strong long-term technical score of 97 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. RVN at this time has a superior long-term technical analysis score than 97% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Ravencoin a 97 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ravencoin!

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Trading Analysis

The current trading price of $0.040055201 for RVN is $0.0117170 (41.35%) above the coins 100-day moving average of $0.028338185. RVN meanwhile is $0.0227717 (-63412.93%) above its 52-week low of $0.017283455 and -$0.11211134 (-6545.42%) under its 52-week high price of $0.152166545. Ravencoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 97. The price movement and range of RVN suggest that investors are neutral on the coin at this time. Ravencoin has a market capitalization of $419,509,733.66 and a relatively average average daily volume with $229,914,209.38 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, RVN's volume is below its seven day average with 198,039,707.29 exchanged. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for Ravencoin leads to the coin's a strong long-term technical score of 97 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Ravencoin (RVN).