RVN topped exactly as plotted in this Idea (click). It has pulled back sharply but may be near support. Plotted here are 2 zones to look for possible bounce.
340-345 sats might bounce but is looking unlikely. 334-336 sats is the Ideal zone to start next leg up. 320 sats is Bull's Last Stand before downtrend resumes.
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הערה
Here we are at the first possible bounce zone There is already a clear reaction. We need to see a higher high on the 5min or 15 min candles, to indicate a possible buy entry. But the way it fell into this zone, I think it may well go the next zone below.
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הערה
As mentioned in last post above, the deeper support zone was hit and got a decent bounce. but of course now we have the old-support-becomes-resistance in play. Also it is a Holiday weekend in USA currently, so expecting it to hover within the two Green Zones for a couple of days. Breakout to either side could accelerate.
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