$RVN Bullish Divergence between OBV and Price Action on 1 hr
This is definitely a bullish sign as in many cases Volume precedes price action. It is very clear that the On Balance Volume is demonstrating bullish divergence from the price action on the 1 hour
chart. This combines with the Triple Combo almost at an end to perhaps give $RVN a very nice bounce from these levels. Bears are trying hard to keep this down but if these signals that we are receiving are respected by the market then we can expect to see a nice correction from this downtrend into higher ground.
chart. This combines with the Triple Combo almost at an end to perhaps give $RVN a very nice bounce from these levels. Bears are trying hard to keep this down but if these signals that we are receiving are respected by the market then we can expect to see a nice correction from this downtrend into higher ground.