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RVN/BTC Flag Pattern

Hello,

Flag pattern on 4h timeframe after highest volume for the last 3 months on daily timeframe.

For me I have defined 2 scenarios on the graph.

Many thanks,
Asky

Trade active

I know already depends on BTC this week but what do you think on whether RVNBTC pair is forming tripple bottom on daily timeframes?

Extract from investopedia:
1. There should be an existing downtrend in place before the pattern occurs.
2. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal.
3. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.

Additionally RSI indicates bullish divergence on daily timeframes.

Kind regards,
Asky

Trade closed manually

Sold at loss. Prospects are dismal at current prices. Will wait for a better confirmation.

Askhat_Kulchiyev

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Askhat_Kulchiyev