RVN/BTC Re-set following breakout: 34% to the upside

BINANCE:RVNBTC   Ravencoin / Bitcoin
Following its recent breakout RVN appears to be falling 13% to the downside before a cooling off period. This period will see a 35% upside. Excellent news to investors and traders alike hunting for gains in this current rock market terrain.

What does the Technical Analysis Say?

RVN according to Wycoff theory illustrates that following a breakout - there must be a downside to cool off before shooting off for higher gains.
Previous historical data illustrates that the last time this occurred, RVN went 13.67% to the downside before blasting 20% to the upside.
A 13.39% decrease to the green area in the chart below would be where the supply zone is for previous wicks.
Accumulation as shown by the OBV has been spiking up over the past several days
Market sentiment has increased for the first time in one week - illustrating that we will see a re-set before a pump.
A dump to the 0.618 area will illustrate a historical cooling off period in Crypto according to Nouvive Intelligence.

Nouvive sees a trade from 480 Sats to a take profit at 640 Sats .



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