Moonriver trade idea - LONGMoonriver touched the lower support area and started to move bullish. On daily chart the price is trading above 13 and 20 MA, RSI momentum indicator is picking up and closing to the 50 level, MACD is also showing upward movement. My targets for MOVR; TP1 $235, $292, $468; SL $170. Price must stay above MA on daily chart.
MOVRUSDT trade ideas
MOVR is bullish$MOVR is advancing inside the descending channel and is bouncing off its lower boundary. That gives a perfect buying opportunity for a mid-term holding perspective.
The first target is a resistance level R1 at 281$, in case of this resistance being broken, the price will likely reach the top boundary of the channel at 367$. After the Breakout through the R2 line, nex target will be major resistance level at 494$, here is the point where the 75% of position should be closed and the remaining 25% will be closed in case of reaching the final #Take Profit point at 720$.
The stopp loss should be at 113$
Movr is ready to move yet?! I have been keeping an eye on Movr chart for a while. I was particularly eying for $200 range so I could enter this trade safer but I basically consider entering trade 180-190 range basically gift. What I can personally see on this particular chart is clear bear exhaustion. We should see some swift towards upside section. We may face mini hurdles at $200 then first 3 future targets respectively, $300,$400,$500 . Of course this succession also co depending of BTC's overall performance.
MOVRUSDT, It has midline support of channelHello everybody
According to the chart and last analysis of Moonriver you can see the price was impacted to the midline of channel and exactly done the stop hunter and now its time to buy one step .
In our way we have minor resistance that we shown on chart, we expect the price can break this resistance and can rise to re-test again the top of the channel, and it has nice R/r and nice profit (about 300%).
It the price can not support from here and drop in other support area is the best zone for another buying step and reduce average purchase
Good Luck
Abtin
MOVR short termAlthough fundamentally Moonriver is solid, it may be too new to sustain current levels. On chain activity recently hasn't been so great with liquidity pulling and fear as MOVR takes its time to break new highs. A break of the horizontal support I would speculate a significant correction.
MOVR/USDT BUYZONE -10MA support the 4h candle
-Green box the breakup zone... after waiting for the retest...and close 4h candle over the 10MA
-Yellow box the breakdown zone...and go the correction zone Gann Fib speed resistance fan 0,382
-Red box the good buy zone area my sentiments
-purple pararrel chanel look so good
-RSI MA come the crossing and wake up
-NExt target fib extension TP1-127,20 / TP2- 161,80
good luck
Not fianancial advice