RVN retest of previous S/R ranges
Arguments:
Always keep an eye on BTC. Another drop of bitcoin will force rvn to retest the pre-binance resistance area (check bittrex chart). Mid-low 3xx possible good target followed by a bounce to new resistance at current values.
A pump in btc will probably trigger another retest and possible break of the 400's area looking for the 440-450 sats, but in my opinion this is a less likely option.
Technicals:
Possible head and shoulders formation that will break the previous low at 360, declining volume, not strong enough to break the 400's level in the previous retest. TD count on daily and H4 waiting for the 9's or 13's.
Be careful!
Always keep an eye on BTC. Another drop of bitcoin will force rvn to retest the pre-binance resistance area (check bittrex chart). Mid-low 3xx possible good target followed by a bounce to new resistance at current values.
A pump in btc will probably trigger another retest and possible break of the 400's area looking for the 440-450 sats, but in my opinion this is a less likely option.
Technicals:
Possible head and shoulders formation that will break the previous low at 360, declining volume, not strong enough to break the 400's level in the previous retest. TD count on daily and H4 waiting for the 9's or 13's.
Be careful!
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