RVNUSDT trade ideas
RVN - One of my best kept secretsThis is one of the coins that will buy the lambo once this altcoin season is finished. We see the long period of sideways action/consolidation on this weekly time frame and then the massive 2000% run up back in January/February 2021 somewhere around the start of the bull run that had just begun. From there it turned into a massive bull flag with some more sideways action/consolidation and soon it will be ready to come out to play. It's looking like May will be huge for altcoins and I expect that RVN will be no exception. Keep your eyes on this one
Possible formation!Possible breakout from wedge but back-test under previous low!
This often happen in crypto market!
Also Fibo extension 100% is still not touched
Another vies is RVN BTC pair at critical level and it is possible a further rise but testing few more time the same level is possible before the price start to rise!
Good luck
🔥 RVN Horizontal Channel ReversalRVN has been seeing consolidation since its amazing run up in March. With the most recent BTC dump, RVN found support around the $0.12 area. When connecting the highs and lows, a clear horizontal channel is visible.
This trade assumes that RVN will follow the horizontal channel in the short-term, potentially breaking out of it in the future.
Happy trading!
Triangle expectation failed but..So we should never forget when we trade on crypto market that what ever pattern we have or any good opportunity in Altcoins, BTC is the leader and when BTC have a strong decline all market is going down!(Almost all)
We have two entry levels now but take care about BTC next movement impact!
Good Luck