🔥 RVN Pennant Break Out: Volatility Incoming

A few days ago I made an analysis on RVN and its 10-month pennant pattern.

As of yesterday, the price has broken out of the pennant and is likely to resume the trend. Classically, consolidation pattern break outs come with a decent amount of volatility once they break out. Since this is a 10-month pattern, I'm expecting a nice move in the coming days.

A less risky trade would be to wait for the price to come above yesterday's high, around $0.15, before stepping in.

Happy trading!