Thoughts on #rvn
$RVN has confirmed a breakdown from a symmetrical triangle on the 4H timeframe, shifting the short-term structure back in favor of the bears. After losing the lower trendline, $RVN attempted to reclaim the breakdown level but was rejected, turning previous support into resistance. RVN also remains below both the 9 EMA and 50 SMA, reinforcing the bearish momentum.
As long as $RVN trades below the broken triangle support, the breakdown remains valid and favors further downside.
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#USFiresOnTankerBreakingIranBlockade
$RVN has confirmed a breakdown from a symmetrical triangle on the 4H timeframe, shifting the short-term structure back in favor of the bears. After losing the lower trendline, $RVN attempted to reclaim the breakdown level but was rejected, turning previous support into resistance. RVN also remains below both the 9 EMA and 50 SMA, reinforcing the bearish momentum.
As long as $RVN trades below the broken triangle support, the breakdown remains valid and favors further downside.
#Follow_Like_Comment
#USFiresOnTankerBreakingIranBlockade