TradingView
MarketMinds
Jul 17, 2020 9:33 PM

Sideways moviment on RVN/BTC 

Ravencoin / BitcoinBinance

Description

Hello, traders.

RVN surges strong and drops very sharply after testing important resistance. I believe we will be sideways for a few more days.
The asset is inside a large accumulation pattern after the price brokes down an important support level. That could be a bearish accumulation pattern or a sideways movement. In a moment like these, we don't try to guess where the price is going. So we will wait for a better confirmation, Besides that we are in the middle of the pattern.

Push the like button and follow us on TradingView.
More