Movr Analyze October 16
The MOVR currency code has now entered a correction phase after its bullish rally. In the MOVRUSDT chart and 4-hour timeframe, we see that the static level of $ 260 (orange area) has been lost and the $ 220 support (green line) has prevented the price from falling further once.
To continue its uptrend, the currency needs to cross the dynamic resistance (red line) as well as stabilize above the $ 290 static resistance (blue line) to form a higher HH ceiling. Purchasing is currently a high risk and we will have to wait for the necessary confirmations to enter.
To continue its uptrend, the currency needs to cross the dynamic resistance (red line) as well as stabilize above the $ 290 static resistance (blue line) to form a higher HH ceiling. Purchasing is currently a high risk and we will have to wait for the necessary confirmations to enter.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.