RVN has just broken out of a Falling Wedge pattern on the 30-minute chart — a classic bullish reversal signal.Price is currently testing the breakout level around 0.0132 with early signs of increasing volume. If support holds, RVN may continue toward the following upside targets:
📍 Target 1: 0.01471
📍 Target 2: 0.01595
📍 Target 3: 0.01682
🛡️ Invalidation level (stop loss): below 0.01287, which marks the previous local low before the breakout.
Volume is picking up during the breakout phase, suggesting that bearish pressure may be easing.
This setup is ideal for scalp or intraday traders looking for a healthy risk-reward ratio near the breakout support zone.
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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.