$RVN Looking good, cleared that white box resistance I mentioned in my prior analysis, longs looking good. Currently consolidating beneath the POC (highest volume node), so we could see a pullback to white box. Targets now are R2, R3 once we break yellow to the upside.
After Raven made new highs, I was expecting it would retest that previous resistance. Right now it seems like RVN is not stopping yet, and could possibly be in wave 3 of the Elliott Wave theory.
RVN We could see RVN push higher if the curve is respected. I have already taken profit and will sit on the sideline for this one as it is too pumped for my liking.
buy: 281~294 target 1 : 290 target 2 : 297 target 3: 302 target 4 : 307 target 5 : 314 target 6: 323 target 7 : 334 target 8 : 348 stop : 270
Good morning! RVN has been a coin i have been keeping my eye on for a while. Price action is very much slow and little volatility going for it, maybe because we are at the end of the falling wedge that has been forming? To be a valid, both the resistance and the support line need to have a “steep” down slope. The price should be narrowing into a tight range. The...