RVN/USD - Halving Event in 6 Days. PUMP ongoing.
Raven has its halving event in 6 days or 11 January.
Price has been pumping for 3 weeks now after that scam breakdown below the blue triangle.
Now price appears keen to break out above this formation, but there is one challenge - the $0.13 resistance level.
On this weekly timeframe, the indicators are bullish, volume, RSI, MACD and OBV are all looking well positioned for some nice gains to come. But watch the resistance. Once broken, then RVN can pump more.
On daily timeframe, we are approaching oversold conditions, but it's too early, I don't expect any significant drop until the halving.
Good to keep your eyes on this coin in the near term as volatility is picking up.
Bias is bullish right now.
Like and follow if you liked my idea!
Price has been pumping for 3 weeks now after that scam breakdown below the blue triangle.
Now price appears keen to break out above this formation, but there is one challenge - the $0.13 resistance level.
On this weekly timeframe, the indicators are bullish, volume, RSI, MACD and OBV are all looking well positioned for some nice gains to come. But watch the resistance. Once broken, then RVN can pump more.
On daily timeframe, we are approaching oversold conditions, but it's too early, I don't expect any significant drop until the halving.
Good to keep your eyes on this coin in the near term as volatility is picking up.
Bias is bullish right now.
Like and follow if you liked my idea!
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