RVN has been seeing consolidation since its amazing run up in March. With the most recent BTC dump, RVN found support around the $0.12 area. When connecting the highs and lows, a clear horizontal channel is visible.
This trade assumes that RVN will follow the horizontal channel in the short-term, potentially breaking out of it in the future.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.