🔥 RVN Bullish Price Action After Consolidation

RVN 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!