A Noteworthy Volume Anomaly
There is noticeable volume action on the RVNBTC recently. The first chart shows 2 key things:
- After the last low was broken the 2 subsequent dips were bought-up and not sold-down
- The recent buy sideways consolidation volume is higher than the previous sideways consolidation lows buy volume
The 2nd chart is zoomed in with 2 key levels noted. Strong support for bulls would see a bounce from the green box. Strength buyers are looking for a breakout above the red box that is converged with the red moving average.
Disclosure. The author owns a small bag of RVN.