RVN preparing to launch for a 70% move (part two)
RVN looks really good for a bounce in the coming days/weeks.
Bullish divergences, slowing selling momentum, volume showing signs of accumulation, all indicating a bounce is just around the corner.
Entries in the 327-320 area.
Targeting:
1. 409 for a 25% move in the near term
2. 559 for a 70% move in the medium term
Daily candle close below 290 or any kind of new low from here would invalidate the trade.
Previous 50% move on RVN:
Bullish divergences, slowing selling momentum, volume showing signs of accumulation, all indicating a bounce is just around the corner.
Entries in the 327-320 area.
Targeting:
1. 409 for a 25% move in the near term
2. 559 for a 70% move in the medium term
Daily candle close below 290 or any kind of new low from here would invalidate the trade.
Previous 50% move on RVN:
