🔥 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!
RVNUSDT trade ideas
Triangle expectation failed but..So we should never forget when we trade on crypto market that what ever pattern we have or any good opportunity in Altcoins, BTC is the leader and when BTC have a strong decline all market is going down!(Almost all)
We have two entry levels now but take care about BTC next movement impact!
Good Luck
RVN ideahi not an expert nor financial adviser just sharing ideas that I see , so every trend line touches at least 3 candles as you can see where the arrows at perfectly, BTW i dont have RVN bag just sharing.
ps: it should go up after it breaks out from that last triangle followed by good Vol. but also this is RVN that likes to consolidate so you never know.