Moonriver (MOVR) - Bullish divergenceOn the above 3-day chart price action has corrected a massive 90% since late November. A number of reasons now exist to be bullish:
1) The ‘incredible buy’ signal prints.
2) Regular bullish divergence. Seven oscillators are printing bullish divergence at this time including MACD over a 15 day period.
3) Points 1 and 2 are also true for the BTC / MOVR pair as shown on the 2-day chart below.
4) On the daily chart (bottom) there is clear volume divergence. I don’t know why money is pouring in, someone knows something I don’t.
Is it possible price action falls further? Sure.
Is it probable? No.
1st target $180
Good luck!
WW
2-day MOVR/BTC
1-day dollar chart
