RVN/BTC Hit a major support level, could see a bounce soon
See the 4H chart first:
It seems RVN has hit a major 4H support block within the optimal fib buy zone.
Now if we look at the 1H chart, it seems that we're currently trying to get above this resistance level. Once we do, it should provide us with a retrace into it to retest as support and if bullish, we should see the attempt to take out the previous high.
Trade wisely.
It seems RVN has hit a major 4H support block within the optimal fib buy zone.
Now if we look at the 1H chart, it seems that we're currently trying to get above this resistance level. Once we do, it should provide us with a retrace into it to retest as support and if bullish, we should see the attempt to take out the previous high.
Trade wisely.
Comment:
This is why we wait for confirmation. It's still possible but not until we get above that block.
Comment:
No break yet. But not breakdown either.
