RVNUSDT trade ideas
RVN - One of my best kept secretsThis is one of the coins that will buy the lambo once this altcoin season is finished. We see the long period of sideways action/consolidation on this weekly time frame and then the massive 2000% run up back in January/February 2021 somewhere around the start of the bull run that had just begun. From there it turned into a massive bull flag with some more sideways action/consolidation and soon it will be ready to come out to play. It's looking like May will be huge for altcoins and I expect that RVN will be no exception. Keep your eyes on this one
Possible formation!Possible breakout from wedge but back-test under previous low!
This often happen in crypto market!
Also Fibo extension 100% is still not touched
Another vies is RVN BTC pair at critical level and it is possible a further rise but testing few more time the same level is possible before the price start to rise!
Good luck
🔥 RVN Horizontal Channel ReversalRVN has been seeing consolidation since its amazing run up in March. With the most recent BTC dump, RVN found support around the $0.12 area. When connecting the highs and lows, a clear horizontal channel is visible.
This trade assumes that RVN will follow the horizontal channel in the short-term, potentially breaking out of it in the future.
Happy trading!