#MOVER/USDT#MOVER
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside.
We have a bounce from a major support area in green at 7.50
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 9.65
First target 14.08
The second goal is 16.70
The third goal 20.20
MOVERUSDT
MOVRUSDT - The end of the correction wave ? Falling Wedge
The price is at the bottom of the corrective pattern (Falling Wedge)
The price hit 0.61 Fibonacci retracement level and was rejected!
We put the StopLoss in the invalidity of this analysis
If it continues to grow, the profit will more than triple
Trading Setup:
There is a Trading Signal to Buy in MOVRUSDT Moonriver (Daily) (Spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 16.0
⭕️SL @ 9.2 (-57%)
🔵TP1 @ 41.7 (+95%)
🔵TP2 @ 58.4 (+175%)
🔵TP3 @ 82.7 (+285%)
What are these signals based on?
Classical Technical Analysis
Price Action
Candlesticks
Fibonacci Retracemen
Fibonacci Extension levels
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .