RVV's recent technical outlook is quite interesting. Here's the current situation—
**Multiple cycles are signaling alarms**
On the 15-minute chart, RSI has already surged to 76, showing signs of overbought. The 1-hour chart is even more extreme, with RSI soaring to 88, indicating an extremely overbought condition. Although MACD appears to have a bullish crossover, the histogram is quite weak, lacking momentum. The 4-hour RSI is also around 77, which looks strong but should normally trigger a pullback according to regular rhythm.
**Issues at key levels**
The most awkward part is that the price data shows 0.00, which makes it impossible to accurately identify support and resistance levels. There's no reliable resistance above, and no clear support below, making it quite challenging to formulate a trading plan.
**The most tricky part is volume**
Trading volume has shrunk by -99.6%, which is a major problem. This indicates that the current trend is not supported by much capital, and the risk factor is rising sharply.
**My attitude is very clear: just watch from the sidelines**
With such abnormal data, conventional technical analysis essentially fails. Forcing trades in this situation is no different from gambling. Wait until the data normalizes and the market provides clear signals. Risk awareness is sometimes more valuable than anything else.
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ContractExplorer
· 8h ago
Trading volume -99.6%. What kind of crazy data is this? It feels like the exchange has a bug again.
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SilentAlpha
· 8h ago
Trading volume -99.6%, this data itself is telling us not to act recklessly; sitting tight and observing is the best strategy.
RVV's recent technical outlook is quite interesting. Here's the current situation—
**Multiple cycles are signaling alarms**
On the 15-minute chart, RSI has already surged to 76, showing signs of overbought. The 1-hour chart is even more extreme, with RSI soaring to 88, indicating an extremely overbought condition. Although MACD appears to have a bullish crossover, the histogram is quite weak, lacking momentum. The 4-hour RSI is also around 77, which looks strong but should normally trigger a pullback according to regular rhythm.
**Issues at key levels**
The most awkward part is that the price data shows 0.00, which makes it impossible to accurately identify support and resistance levels. There's no reliable resistance above, and no clear support below, making it quite challenging to formulate a trading plan.
**The most tricky part is volume**
Trading volume has shrunk by -99.6%, which is a major problem. This indicates that the current trend is not supported by much capital, and the risk factor is rising sharply.
**My attitude is very clear: just watch from the sidelines**
With such abnormal data, conventional technical analysis essentially fails. Forcing trades in this situation is no different from gambling. Wait until the data normalizes and the market provides clear signals. Risk awareness is sometimes more valuable than anything else.