RVN Compression at Channel Resistance – Breakout or Rejection
RVN is trading inside a long-term descending channel and is now compressing right below the upper trendline resistance.
This tightening structure shows pressure building, with price attempting to push higher but still respecting the overall bearish trend.
A clean breakout above the channel could trigger a strong upside move toward the 0.009–0.011 region and potentially higher.
However, failure here would likely lead to rejection and continuation toward the channel lows.
This is a key decision zone. Break decides the trend, reject continues it.
This tightening structure shows pressure building, with price attempting to push higher but still respecting the overall bearish trend.
A clean breakout above the channel could trigger a strong upside move toward the 0.009–0.011 region and potentially higher.
However, failure here would likely lead to rejection and continuation toward the channel lows.
This is a key decision zone. Break decides the trend, reject continues it.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.