🛑$RAVE
Latest updates in more realistic detail 👇
It is clear that we are facing a very high level of volatility, as the currency has achieved an increase of over 106% in a short time.
Here is an analysis of what the last candle and current data indicate:
:
The last candle is green, but there is an upper wick. This wick indicates that the price reached higher levels (around 1.29) and then slightly retreated due to selling or profit-taking at that peak. The candle reflects buying strength, but it has started to face "resistance" at current levels.
Roadmap (expected scenarios):
#rave Continuation scenario: If the price can close above the level of 1.10 and hold above it, we may see an attempt to test higher levels like 1.30 or even distant resistance levels shown in the purple lines (even though they are very far currently).
Correction scenario: After a rise of 100%, it is very normal for a "correction" to occur. If the upcoming candle cannot surpass the last peak, the price may return to test nearby support areas (around 0.75 - 0.85).
#lot7aro