Moonriver (MOVR)Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. The new code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
Anyway, MOVR has been in a downtrend, a long and deep one, almost since birth. Then, MOVR broke the curved downtrend line, and a new upward wave started. Correction unfolded in a descending channel, then MOVR broke the channel and the next upward wave started. Let's see how high MOVR can go.
Movr
MOVR/USDT Technical Analysis: Potential Bearish Continuation
Based on the analysis of this chart, the most likely trend appears to be bearish in the short-to-medium term. The chart displays several indicators that point to a weakening of upward momentum and the potential for further downside.
Bearish Evidence:
Failed Breakout and Lower High:
The price attempted to break above $20 but failed to sustain the move, forming a lower high. This is a classic bearish signal indicating reduced buying pressure.
MACD Momentum Weakening:
The MACD is in a bearish crossover, with the signal line below the MACD line, and the histogram is trending negative. This suggests growing selling momentum.
RSI Deterioration:
The RSI has dropped below 50, indicating weakening bullish momentum and a shift toward bearish sentiment.
Bollinger Bands Contraction:
The Bollinger Bands are narrowing, signaling a period of lower volatility. The price is hovering around the middle band, leaning toward a downside breakout.
Trendline and Support Breakdown Risk:
The price is trading below the key support zone near $17.30, which was previously acting as a base. A close below this level could accelerate bearish momentum.
Key Levels to Watch:
Immediate Resistance:
$17.30: This former support now acts as immediate resistance. A failure to reclaim this level will keep the bearish trend intact.
Immediate Support:
$16.00: A psychological support level and a key area of recent consolidation.
$14.50: The next critical support level, aligning with previous price congestion zones.
Major Support:
$12.00: A significant area where buyers previously stepped in.
Trading Strategy:
Bearish Scenario:
Short Entry: Below $16.90 after a confirmed close below this level.
Take Profit:
First Target: $16.00
Second Target: $14.50
Final Target: $12.00
Stop Loss: Above $17.50 to minimize risk if the price reclaims resistance.
Risk Management Considerations:
Given the narrowing Bollinger Bands, a sudden spike in volatility is possible. Traders should use tight stop losses.
Monitor volume; a significant increase on a breakdown below support levels will confirm bearish momentum.
Conclusion:
The current price action suggests that MOVR/USDT is leaning bearish, with key indicators signaling further downside. A close below $16.90 will likely open the door to retesting lower support levels. However, a reclaim of $17.30 could negate the bearish outlook and shift the market back toward neutrality.
#MOVR/USDT#MOVR
The price is moving in a descending channel on a 30-minute frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of
16.90
Entry price 17.02
First target 17.52
Second target 18.20
Third target 18.80
movr usdt"🌟 Welcome to Golden Candle! 🌟
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Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D
📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally
🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave.
🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of the bottom of the ascending channel.
🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area.
💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally.
💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area.
⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️
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#MOVR (SPOT- INVESTING ) IN ( 8.200- 10.500)T.(64.000) SL(7.890)BINANCE:MOVRUSDT
entry range ( 8.200- 10.500)
Target1 (15.500) - Target2 (19.900)- Target3 (29.900)- Target4 (50.000)- Target5 (64.000)
3 Extra and Very Huge Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (7.890)
This trade notes..
_______________
* Keep your order in the entry range and wait for the order to be filled.
* All targets may take time to be achieved.
* This trade is for investors and big time frames traders.
______________________________________________________________
Golden Advices.
**********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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MOVR/USDT Approaching Key Resistance Levelshello guys!
Trend Breakout: The price broke above the long-term descending trendline, signaling a potential shift to bullish momentum.
Current Range: The asset is trading within an ascending channel, with the lower boundary around $10 and resistance near $16-$18.
Support Zone: A strong demand zone (S&D) around $7-$8 has acted as a launchpad for the recent upward movement.
Resistance Area: $16-$18 represents a significant supply zone, as highlighted. A breakout above this level could lead to a rally toward $20 and beyond.
Possible Scenarios:
A continuation within the channel with a potential retest of the $12-$13 area before another leg upward.
A breakout above $18, confirms bullish dominance.
Failure to hold within the channel could push the price back toward the $10 or $7-$8 support zones.
#MOVR/USDT#MOVR
The price is moving in a symmetrical head and shoulders pattern on the 4-hour frame
We are now in the right shoulder formation and a rebound is expected
We have a rebound from the lower limit of the pattern at 9.00
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.007459
First target 0.007980
Second target 0.008738
Third target 0.009700
MOVR Primed for a Massive Breakout: Potential 1026% Surge Ahead!hello guys.
let's analyze MOVR!
Current Trends:
- Downtrend and Descending Channel: The price of MOVR has been in a downtrend, moving within a descending channel since its previous high. This indicates a period of consolidation and potential accumulation.
Key Levels:
- Support and Resistance:
- Support: The internal trendline and the bottom of the descending channel are acting as significant support levels.
- Resistance: The upper boundary of the descending channel and the horizontal resistance around $22 are key resistance levels to watch.
Bullish Indicators:
- Engulfed Candlestick Pattern: Recently, there was a bullish engulfing pattern, suggesting a possible reversal in the downtrend.
- Quick Reaction and Internal Trendline: The price reacted quickly to the support levels and is now approaching the internal trendline, indicating growing bullish momentum.
Potential Breakout:
- Breakout Scenario: If the price breaks above the descending channel and surpasses the resistance around $22, it could initiate a strong upward move.
- Target: The projected target for this potential breakout is around $199, indicating a possible 1026% increase from the current levels.
Market Sentiment:
- Trader Sentiment: The current market sentiment seems optimistic, with traders potentially positioning themselves for a breakout, as indicated by the recent price movements and pattern formations.
Conclusion:
- Actionable Insights: Traders should watch for a confirmed breakout above the descending channel and the $22 resistance level. A sustained move above these levels could lead to significant gains, with a long-term target of around $199.
- Risk Management: It is essential to manage risks by setting stop-loss orders below the support levels to protect against potential downside moves.
This analysis highlights a promising setup for MOVR/USDT, emphasizing the importance of key support and resistance levels and the potential for a substantial bullish breakout.
___________________________
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MOVR middle term targetsMiddle term targets. Hard to say about timing, but sooner or later this zones will be just a first zones, before main move.
Possible Targets and explanation idea
➡️Weekly timeframe. Marked 2 main middle term liquidity pool, sooner or later we will go and sweep this top and stop losses.
➡️MP indicator like you can see whales step by step accumulate, whales need time not discount price. that's why they accumulate step by step
➡️We tested only fundamental value line. After first liquidity pool line we will see Take profit line and sweep main pool from August 2022
➡️Main reaction from sellers will be over exit line on weekly, when we will close 50% of W fvg or full fill. This time most of retails feel FOMO. will be good time for correction and mitigate position for whales
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MOVR/USDT - Moonriver: Double Bottom◳◱ On the $MOVR/ CRYPTOCAP:USDT chart, the Double Bottom pattern suggests an upcoming trend shift. Traders might observe resistance around 27.079 | 31.556 | 40.205 and support near 18.43 | 14.258 | 5.609. Entering trades at 24.318 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Moonriver
▣ Rank: 321
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Moonriver is a parachain on the Kusama network. Kusama is a "canary network" which encourages experimental development prior to implementation on the Moonbeam sister chain on Polkadot. Like Moonbeam, Moonriver is an EVM-compatible smart contract platform built using the Substrate framework. The network has a native token called Moonriver (MOVR), which will allow holders to participate in consensus through staking, paying for transactions, and vote on governance proposals.
◰◲ Technical Metrics :
▣ Mrkt Price: 24.318 ₮
▣ 24HVol: 27,215,397.767 ₮
▣ 24H Chng: 4.481%
▣ 7-Days Chng: 9.23%
▣ 1-Month Chng: 8.11%
▣ 3-Months Chng: 259.15%
◲◰ Pivot Points - Levels :
◥ Resistance: 27.079 | 31.556 | 40.205
◢ Support: 18.43 | 14.258 | 5.609
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.65
▣ Last 90D: 2.57
▣ Last 1-Y: 1.21
▣ Last 3-Y: 0.29
◲◰ Volatility :
▣ Last 30D: 0.68
▣ Last 90D: 3.30
▣ Last 1-Y: 1.79
▣ Last 3-Y: 1.57
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.38 - Bearish
▣ Reddit sentiment score is 0.35 - Bearish
▣ In-depth MOVRUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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MOVR isstill bullishFrom where we entered our "START" on the chart, an upward movement has formed. This movement is an ABC or a more complex movement.
It seems that wave B of this movement is ending and we will soon enter wave C.
It can go up while maintaining the green range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MOONBEAM poised to 5X For it's Logarithmic inverse head & shoulders target
Apparently #Polkadot is being upgraded
which may bring eyeballs and speculative capital into the #DOT ecosystem
Which should spill into GLMR and the related parachains/
Nice inverse head and shoulders
we called the bottom
made some gains
now it looks like it's ready to go again.
MOVR - MoonriverMOVR is about to start it's own personal bullrun. There will be nothing who will stop it, and I do believe we will see new ATH in 2025 or maybe even in 2024 as this year is already unpredictable.
Either get in now or regret later. When this one moves it will not wait for noone, weekly RSI just reset and we moon anytime now.
What Is Moonriver (MOVR)?
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.
This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.
MOVR is forming a bullish flag, 306% profitMOVR is a very hot coin at this moment and is forming this bullish flag. It is a very bullish pattern with a potential profit of 306%. Take the poll of the flag and move it to the end of the bull flag; this is how you find out the profit target. Or you can use the Fibonacci extension tool to find the profit target another way. I prefer both of these scenarios. What you want to do is trade hot coins, not dead coins, and MOVR is definitely one of the top gainers at this moment. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
$MOVR Swing Long to Range Highs and $36I've entered a lot that I am currently monitoring, I think we may get one more dip into green before pushing up.
Some key criteria:
- Price has reclaimed the range eq(s) and needs to continue to hold on a retest over the coming 24 hours
- Hold the ascending trendline and put in a higher low
- Lose the range eq(s) and I'll get stopped, then it's likely down to test the 100ema
I think this is gearing up for a big leg, just a matter of time imo.
With this price action I will continue to long it even if I get stopped because unless anything drastically changes, this wants to run.
My opinion,
Vatsik
MOVR is breaking out! 1237% profit is possible?MOVR is extremely bullish; we have a bullish flag and a strong uptrend. We have 2 possible profit targets: the first is the 1:1 FIB extension, and the second is the 1.618 FIB extension. This coin is really hot when it comes to interest from retail traders. The ABC correction is complete, and I do not see any reason why we should go down from this point! A break of 30 USDT will lead to a massive pump to 111 USDT. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
As a decentralized smart contract platform, Moonriver requires a utility token to function. MOVR is central to the design of Moonriver and cannot be removed without sacrificing essential functionality. The Moonriver token uses include:
Supporting the gas metering of smart contract execution
Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
Facilitating the on-chain governance mechanism, including proposing referenda, electing council members, voting, etc.
Paying for network transaction fees
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!