• Cryptocurrencies: 2209
  • Markets: 18660
  • Market Cap: $248549367651.49
  • 24h Vol: $65029610252.706

RVN: 35% to the Upside Post Retest

Following its recent breakout RVN appears to be falling 13% to the downside before a cooling off period. This period will see a 35% upside. Excellent news to investors and traders alike hunting for gains in this current rock market terrain.

What does the Technical Analysis Say?

  • RVN according to Wycoff theory illustrates that following a breakout – there must be a downside to cool off before shooting off for higher gains.
  • Previous historical data illustrates that the last time this occurred, RVN went 13.67% to the downside before blasting 20% to the upside.
  • A 13.39% decrease to the green area in the chart below would be where the supply zone is for previous wicks.
  • Accumulation as shown by the OBV has been spiking up over the past several days
  • Market sentiment has increased for the first time in one week – illustrating that we will see a re-set before a pump.
  • A dump to the 0.618 area will illustrate a historical cooling off period in Crypto according to Nouvive Intelligence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nouvive sees a trade from 480 Sats to a take profit at 640 Sats.

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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2055

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