Hello, dear TradingView members. This is an RVN idea.
RVN is back inside the channel again after having a fakeout. It has pumped 9% today and still has room to go up, but look out for the upper Bollinger Band because it can slow the price's pump down. Two support levels are on the way down, which can hold the price up. There are two possible scenarios for now.
Scenario One: The price will either get more support and pump or pump instantly from the area we are now and get rejected by the solid resistance level.
Scenario Two: The price loses strength on the local resistance level and falls down on the lower support levels.
RSI is oversold, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions; I will be more than happy to help.
That's a very interesting point of view. I think this scenario is possible for collecting liquidity, it would be very useful. And in the longer term, I'm looking at a price move in the other direction. Thanks for the hard work, mate)
TheNewsCrypto
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Agreed, thanks for sharing
SwallowPremium
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Nice overview of the trade, thanks for sharing🔥
Lingrid
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Very good chart
SpartaBTC
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I agree with u. Good job
DeGRAM
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Thank you. Great job. Two thumbs up!
UnknownUnicorn15614419
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Thank you for sharing your analysis.
CryptoCheck-
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Nice work, I agree it can go up more! Thanks for your analysis 👌
Tolberti
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This analysis make sense, thanks for sharing, amazing!