RVV/USDT: Classic 'Cup and Handle' Pattern Ready for Confirmation!
The RVV/USDT market on the 1H timeframe is displaying a very clear bullish signal: Cup and Handle (C&H). This is a favored pattern to anticipate a reversal after a consolidation/correction phase.
🎯 Key Analysis :
1. Pattern Formation: The C&H structure is nearly perfect, indicating a transition from *selling pressure* to stable *demand*.
2. Critical Level (Neckline): ~$0.0078 - $0.0080. This is the resistance that needs to be broken. The price is currently re-testing this area.
3. Volume Confirmation: Buying volume has sharply increased as the price touches the Neckline. This is a vital confirmation that the breakout is supported by real buying power, not a fakeout.
4. Main Support: The historical support area below the Cup shows Strong Absorption (strong buying interest) at lower price levels.
Execution Scenario
Trigger (Activation): Strong Close Confirmation above $0.0080 (Neckline).
Potential Target: Based on the depth of the Cup, the initial target may test $0.0100 - $0.0120
RVV is on the brink of decision. Patience waiting for Close Confirmation above the Neckline is your best edge. Don't FOMO before the signals are clear!
#RVV #RVVUSDT
