RVN pumped 9%. Still has room to go up.

RVN - RAVEN Analysis


10/6/20220 min read

This is an RVN idea.

RVN is back inside the channel again after having a fakeout.

It has pumped 9% today and still has room to go up, but look out for the upper Bollinger Band because it can slow the price's pump down.

Two support levels are on the way down, which can hold the price up.

There are two possible scenarios for now.

Scenario One:

The price will either get more support and pump or pump instantly from the area we are now and get rejected by the solid resistance level.

Scenario Two:

The price loses strength on the local resistance level and falls down on the lower support levels.

RSI is oversold, and the price has more room to go down.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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