The price has crossed the kumo cloud and now is below the cloud, in the meanwhile the baseLine and Conversion Line had a crossover as well as the fact that this area has been a key area as support and resistance for multiple times and now seems to be acting as a resisitance plus EMA50 has been crossed and now is acting as a resistance combined with the key area...
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...
