Revain is an online portal that is designed to give constructive feedback to developers about their blockchain-related projects. The experts on the website are incentivized to give authenticated and good-quality feedback. Let us look at the <a href="https://www.cryptoknowmics.com/news/rev-technical-analysis-price-needs-to-break-the-first-fibonacci-pivot-resistance-level-of-00114/">technical analysis</a> of REV.
<h2><strong>Past Performance </strong></h2>
On July 06, 2021, REV opened at $0.0079. On July 12, 2021, REV closed at $0.00770. Thus, in the past week, the price has decreased by approximately 2.5%. In the last 24 hours, REV has traded between $0.0067 - $0.0077.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/0/0yQo7Nbn.png" alt="https://s3.tradingview.com/snapshots/0/0yQo7Nbn.png" width="959" height="576" />

<a href="https://www.tradingview.com/x/0yQo7Nbn/">https://www.tradingview.com/x/0yQo7Nbn/</a>
<h2><strong>Day Ahead And Tomorrow </strong></h2>
At the time of writing this, REV is trading at $0.0077. The price has increased by approximately 13.4%, from the day's opening price of $0.0076. Thus, ending the previous day with a bullish candle, followed by a high volume candle. However, to break the long-term down-trend REV has to break the resistance of level $0.01146. Although REV is about to break out from the channel, we will get confirmation of the breakout once it passes and retest the $0.0085 level.

On the daily chart, the <strong>MACD and signal lines</strong> are in the negative zone. However, a bullish crossover by the signal line over the MACD line can be seen. The lagging indicator is indicating the REV price to rise for the rest of the day. Thus, as per the MACD indicator, we can witness a channel breakout on the upside.

Currently, the <strong>RSI indicator</strong> is at 37%. It has rallied from the 23% mark and has rallied to this mark. However, it is forming a bearish engulfing pattern. Thus, indicating high selling pressure in the market. As per the leading indicator, the day can be a high selling day.
<h2>REV Technical Analysis</h2>
We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal. Also, if <strong>RSI</strong> makes support at the 38% mark, it can then further confirm the trend reversal.

Currently, REV is trading above the <strong>Fibonacci pivot support level</strong> of $0.0075. If the bulls remain strong till day end, then the price is likely to rise above the first, second, and third resistance levels of $0.0080, $0.0085, and $0.0095, respectively.

REV Technical Analysis: Bullish Signal Strong, May Break Resistance Levels

In REV, we have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal. Also, if RSI makes support at the 38% mark, it can then further confirm the trend reversal.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

REV Technical Analysis: Bullish Signal Strong, May Break Resistance Levels

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