$RAVE The 4-hour structure is entering a compression zone, with price in a tight range and neither bulls nor bears having a clear edge. RSI (15m) is hovering around 49, indicating neutral momentum; the market hasn't shown any extreme sentiment yet.
Both upper resistance and lower support are in a testing phase. If we break below 1.0600 with volume, we might see an extension downwards; however, if we reclaim the upper range, the current weak structure could be invalidated.
Right now, we're in a phase of waiting for directional confirmation, rather than a one-sided market.
Both upper resistance and lower support are in a testing phase. If we break below 1.0600 with volume, we might see an extension downwards; however, if we reclaim the upper range, the current weak structure could be invalidated.
Right now, we're in a phase of waiting for directional confirmation, rather than a one-sided market.