RVNUSDT Massive Breakout Loading? After 2 Years of Compression!
📈 Weekly Technical Analysis: Ravencoin (RVN/USDT)
🧠 Main Pattern: Descending Triangle ⚠️
Ravencoin has been consolidating within a Descending Triangle since early 2021 — typically a bearish continuation pattern, but one that can lead to a massive trend reversal if the upper boundary is broken.
🟨 Key Accumulation Zone:
📍 Support Area: $0.01280 – $0.01080
This zone has been tested multiple times and has shown strong buyer defense since 2022.
📏 Dynamic Resistance:
📍 Downward sloping trendline from the 2021 peak — currently acting as major resistance.
🟢 Bullish Scenario: Breakout Ahead? 🌕🚀
If RVN breaks above the descending trendline (~$0.01903) and closes strongly on the weekly chart, we could see a major uptrend unfold.
🎯 Bullish Targets:
🪙 $0.03217 — Minor horizontal resistance
🪙 $0.05028 — Key psychological level
🪙 $0.12842 — Major historical resistance
🪙 $0.21221 — Long-term bullish target
🔍 Breakout Confirmation Checklist: ✅ Weekly candle close above resistance
✅ Strong volume spike
✅ RSI rebound from oversold territory
🔴 Bearish Scenario: Breakdown Warning ⚠️📉
If price fails to hold the support zone at $0.01280:
❌ First target: $0.01080
❌ Breakdown risk: $0.00712
❌ Breakdown from triangle may confirm long-term bearish continuation
🎯 Conclusion & Strategy:
📌 Price is nearing the apex of a multi-year compression pattern
📌 A breakout could lead to exponential upside potential
📌 Great setup for swing or position traders
📌 Wait for confirmed breakout with volume before entry
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