RVNUSDT - It seems like 5th wave of larger impulse completed in diagonal as 5th wave truncated wave. The two probabilities at current level, one is bearish corrective trade set up with stops above 0.2735 level. Another is Buy set up if price crosses above 0.2735 with high volume which would be the part of 5th wave further subdivision. Currently it seems like first option will unfold.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.