RVNUSDT trade ideas
Trampoline to the sky?!🪂Last for today, wolves🔥
There is one more interesting formation on RVNUSDT.
Symmetrical triangle with previous bullish sentiment.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
🔥 RVN Bullish Price Action After ConsolidationRVN is one of the winners of 2021 so far, where it saw around 1,500% returns in a couple of weeks. It was to be expected that, after such a run-up, RVN had cool off a little. From high to low on this chart, RVN lost 60% of its value in a mere 10 days or so, shedding off a lot of gains in the process. However, in March it seems that RVN has found buyers again and is rising steadily.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!