PolarHusk

RVN/BTC TA Update (Bounce again at key support?)

Short
BINANCE:RVNBTC   Ravencoin / Bitcoin
RVN/BTC

RVN is trapped inside this channel where the price is just bouncing from top to bottom and from bottom to top.
The key support area has been tested more than 4 times already and it is not good from my perspective viewpoint.
I am more on the bearish side since the price is much closer breaking bearish rather than going bullish.
At any point the price closes below key support will signal bears to enter the market.
We know bulls are fighting to keep this key support at 300 sats alive but the more it keeps tested,
much less it will work again the next try. be cautious trading this coin.
Please wait for the breakout to happen before entering a trade.

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