RVN has a big bear trap trying to FOMO the greedy people in.
First of all, the 50 MA crossed under the 200 MA which is a clear BEARISH scenario and confirms our bull trap.
Second, RSI & OBV clearly indicates that first it's overbought and the OBV shows that it didn't have the huge volume it needs (like the older pumps $RVN) had to push it over.
Comments are more than welcome.
Trade Safely!
First of all, the 50 MA crossed under the 200 MA which is a clear BEARISH scenario and confirms our bull trap.
Second, RSI & OBV clearly indicates that first it's overbought and the OBV shows that it didn't have the huge volume it needs (like the older pumps $RVN) had to push it over.
Comments are more than welcome.
Trade Safely!
Comment:
I hope you listened to my advice :)