RVN technical analysis

RVN seen from the temporality of 1D we can observe how the structure of candles remain within an inverted ascending wedge, this type of bullish setup is very common to see them at the beginning of a new bullish wave, within this setup the structure of candles are contracting within a small channel, while the volume is increasing, which ends up causing the breaking of the figure with an accelerated bullish movement.

We can observe how the current candle is testing the resistance located at 889, should not have major problems to overcome this position, our first take profit is located

About the author: luis garcia
Technical Market Analyst Crypto trader

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