#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
MOVRUSDT
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
$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
$MOVR Jumps 5% As Binance Launches MOVRUSTD Perpetual Contract
In the dynamic world of cryptocurrency trading, Binance Futures has introduced a groundbreaking product that has caught the attention of seasoned traders and newcomers alike. The USDⓈ-M MOVR Perpetual Contract, scheduled to go live on December 16, 2023, at 12:30 UTC, is poised to redefine the way we engage with the market.
This innovative trading instrument, denoted as MOVRUSTD, focuses on Moonriver ($MOVR) as the underlying asset, offering traders an unprecedented opportunity with its unique features and advantages.
1. Maximum Leverage for Diverse Strategies
One of the key highlights of the MOVRUSTD perpetual contract is the substantial maximum leverage it provides—up to 50x. This level of leverage caters to a wide range of trading strategies, empowering both conservative and aggressive traders to explore their preferred risk-reward profiles. Whether you're a seasoned professional or just starting, the MOVRUSTD contract on Binance Futures ensures flexibility and adaptability to your individual trading style.
2. Moonriver ($MOVR) as the Underlying Asset:
The choice of Moonriver as the underlying asset for the perpetual contract adds an extra layer of intrigue to this offering. Moonriver, with its unique properties and potential for growth, brings a new dimension to the trading experience. Traders looking for exposure to a promising project in the crypto space can find significant value in the MOVRUSTD perpetual contract.
3. USDT Settlement for Stability:
The settlement asset for the MOVRUSTD contract is USDT (Tether), a stablecoin pegged to the US Dollar. This choice enhances stability and mitigates the volatility often associated with cryptocurrency trading. With USDT as the settlement asset, traders can confidently navigate the market, knowing that their profits and losses are denominated in a stable currency.
4. Capped Funding Rate with Regular Settlements:
The MOVRUSTD perpetual contract introduces a capped funding rate of +2.00% / -2.00%, providing transparency and predictability in trading costs. Additionally, the unique feature of funding fee settlements occurring every four hours aligns the product with real-time market conditions. This ensures that traders can make informed decisions and respond promptly to changing dynamics in the market.
As the cryptocurrency market continues to evolve, the introduction of the MOVRUSTD perpetual contract on Binance Futures emerges as a compelling opportunity for traders seeking diversity, flexibility, and stability. With Moonriver as the underlying asset, a maximum leverage of 50x, USDT settlement, and a capped funding rate with regular settlements, this trading product is designed to meet the diverse needs of traders across the spectrum. Whether you're a risk-averse investor or a bold strategist, the MOVRUSTD perpetual contract opens up a new frontier in crypto trading, beckoning you to explore the limitless possibilities it offers.
$MOVR Reached $44 on The Threshold of The 3rd Target & ReturnedHi guys
As we predicted yesterday, $MOVR went to the threshold of reaching the third target after passing through the resistance area of $30 - $33 and after hitting the resistance level of $45, it returned from $44.
If $MOVR can break through the $45 resistance, I expect it to easily reach the $64 level. But if it fails to cross $45 again, a return to the level of $30 - $33 is expected.
Anyway please do your own research & don't be greedy.
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MOVR nearby unmitigated bullish OBMOVR did great pump in a day....Pump over 150% but there is more to come as retailers are trying to short it and I believe smart money still coming into the market to pump it crazy again..... I will wait for reversal to the nearby unmitigated bullish Ob on 15mins TF.....
Wait patiently for entry....
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