MOVR started the up journey Hey, MOVR and DOT have a very interesting journey ahead. For me (fundamental) one of the most interesting projects at the moment. Now price doesn't go along with progress (not always..) but we can see now a bottoming and beginning of an uptrend. Time to accumulate...
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.
Movr
Long Moonriver (MOVR) vs USDMOVR is a L1 project on Kusama. With the L1 narrative this bullrun, I expect MOVR to perform well from here.
DOT and KSM hype is imminent this year and MOVR will fly with them IMO.
Tehnically it had a 70% correction and it's finding a bottom in the grey area. This is a good spot to buy and hold mid to long term.
$MOVR/USDT 1D (#KuCoin) Falling wedge on supportMoonriver is looking bottomed here and about to start the reversal if manages to break-out!
moonbeam.network
Risk/Reward= 1:1.5 | 1:3.78 | 1:6.73
Expected Profit= +38.06% | +96.31% | +171.35%
Possible Loss= -25.46%
Fib. Retracement= 0.382 | 0.702 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 months
⚡️⚡️ #MOVR/USDT ⚡️⚡️
Exchanges: Binance, KuCoin
Signal Type: Regular (Long)
Current Price:
169.84
Entry Zone:
166.09 - 150.39
Take-Profit Targets:
1) 218.46
2) 310.64
3) 429.38
Stop Targets:
1) 117.96
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 $170. Price must stay above MA on daily chart.
MOVR is bullish$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$