$RAVE is breaking out of the descending channel on the 2H and 4H timeframes.
Price has moved above previous swing highs and is now testing the upper boundary of the channel. A confirmed 4-hour candle close above this red trendline would open the path for continuation toward the next resistance zones. RSI on lower timeframes is showing strength, while volume has increased during the breakout attempt.
Two scenarios:
4H close above the upper red trendline — continuation toward higher targets becomes likely.
Failure to close above and rejection from the line — short-term pullback toward 0.58–0.57 zone possible.
This is technical analysis for educational purposes only. Not financial advice. Always do your own research.
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