MOVRUSDT trade ideas
MOVR/USDT Technical Analysis: Potential Bearish Continuation
Based on the analysis of this chart, the most likely trend appears to be bearish in the short-to-medium term. The chart displays several indicators that point to a weakening of upward momentum and the potential for further downside.
Bearish Evidence:
Failed Breakout and Lower High:
The price attempted to break above $20 but failed to sustain the move, forming a lower high. This is a classic bearish signal indicating reduced buying pressure.
MACD Momentum Weakening:
The MACD is in a bearish crossover, with the signal line below the MACD line, and the histogram is trending negative. This suggests growing selling momentum.
RSI Deterioration:
The RSI has dropped below 50, indicating weakening bullish momentum and a shift toward bearish sentiment.
Bollinger Bands Contraction:
The Bollinger Bands are narrowing, signaling a period of lower volatility. The price is hovering around the middle band, leaning toward a downside breakout.
Trendline and Support Breakdown Risk:
The price is trading below the key support zone near $17.30, which was previously acting as a base. A close below this level could accelerate bearish momentum.
Key Levels to Watch:
Immediate Resistance:
$17.30: This former support now acts as immediate resistance. A failure to reclaim this level will keep the bearish trend intact.
Immediate Support:
$16.00: A psychological support level and a key area of recent consolidation.
$14.50: The next critical support level, aligning with previous price congestion zones.
Major Support:
$12.00: A significant area where buyers previously stepped in.
Trading Strategy:
Bearish Scenario:
Short Entry: Below $16.90 after a confirmed close below this level.
Take Profit:
First Target: $16.00
Second Target: $14.50
Final Target: $12.00
Stop Loss: Above $17.50 to minimize risk if the price reclaims resistance.
Risk Management Considerations:
Given the narrowing Bollinger Bands, a sudden spike in volatility is possible. Traders should use tight stop losses.
Monitor volume; a significant increase on a breakdown below support levels will confirm bearish momentum.
Conclusion:
The current price action suggests that MOVR/USDT is leaning bearish, with key indicators signaling further downside. A close below $16.90 will likely open the door to retesting lower support levels. However, a reclaim of $17.30 could negate the bearish outlook and shift the market back toward neutrality.
Moon river ( MOVR)Movr usdt Daily analysis
Time frame 4hours
Risk rewards ratio >1.8 👈👌
Moon river is good asset for short time trading
What is MOVR ?
As a decentralized smart contract platform, Moonriver requires a utility token to function.
The moonriver token uses include :
Supporting the gas metering of smart contract execution
Incentivizing collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run ...
#MOVR/USDT#MOVR
The price is moving in a descending channel on a 30-minute frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of
16.90
Entry price 17.02
First target 17.52
Second target 18.20
Third target 18.80
movr usdt"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
MOVR fresh simple idea ATH Q1 2025Using a new chart to simply see where MOVR could go this cycle.
Base Idea is that recession will ensue post Trump inauguration and that will send all markets into turmoil.
Timeframe Feb 2025
With this in mind I don't see a NEW ATH for MOVR but a new cycle high for sure.
Idea's posted on chart using simple EWT with primary and alternate ideas. Red being my conservative take and I've positioned accordingly
Peak targets from $115-$170 with the alternate idea reaching upwards of $200
$Movr Prediction Monthly chartWhen we are constrained by shorter time frames, we are unable to perceive the broader perspective. Here is a more comprehensive view for a better understanding. Currently priced at $11.03 per coin, I anticipate a long-term appreciation of at least 10x-15x. This is a monthly chart, so it will be a gradual process and will not occur instantaneously. I will provide updates on this chart as we progress and offer detailed technical analysis of our position.
MOVRUSDT | Inverse Head & Shoulder PatternThe chart depicts the price movement of MOVR/USDT on a daily timeframe from Binance. A "Inverse Head and Shoulder" pattern is identified, with the left shoulder, head, and right shoulder clearly marked. The neckline is downward-sloping, and the price appears to be testing it. If the price breaks above the neckline, it could confirm a bullish reversal, with a potential price target of around 19.93 USDT, as indicated by the green area.
However, if the price is rejected at the neckline, a downside move toward the support at 8.00 USDT is possible. This could invalidate the pattern and lead to further bearish price action. Volume trends seem relatively low, which may influence the likelihood of a strong breakout or breakdown. The next few days' price action around the neckline will be critical in determining the pattern's outcome.
#MOVER/USDT Ready to go up#MOVER
The price is moving in an ascending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 11.93
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 12.56
First target 13.20
Second target 14.21
Third target 15.17
Moonriver Reversal Pattern Updated (159%, 489% & 820% Pot.)Back in late 2023 Moonriver (MOVRUSDT) produced a rounded bottom before a major bullish wave. Now, in 2024, we are seeing triangular bottom, which ends in an ascending triangle before bullish growth. We also have almost 5 months of consolidation below resistance.
The reversal pattern on its own is good but the fact that the action is moving today above the triangle's neckline (or baseline) is the most interesting part. If the pattern is not complete, anything goes; but once in the bullish zone, the probabilities favor a continuation.
In this MOVRUSDT chart we have a long-term higher low and after 9 months of bearish action, a major correction, I wouldn't be surprised to see growth.
Chart like this one are quite mixed. We can see bullish next day or next week but the breakout can happen within months; patience is key.
You can find the targets on the chart. These are short- to mid-term. Long-term it can go higher and higher and higher... And higher.
Thank you for reading.
Your support is appreciated.
Namaste.
#MOVR (SPOT- INVESTING ) IN ( 8.200- 10.500)T.(64.000) SL(7.890)BINANCE:MOVRUSDT
entry range ( 8.200- 10.500)
Target1 (15.500) - Target2 (19.900)- Target3 (29.900)- Target4 (50.000)- Target5 (64.000)
3 Extra and Very Huge Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (7.890)
This trade notes..
_______________
* Keep your order in the entry range and wait for the order to be filled.
* All targets may take time to be achieved.
* This trade is for investors and big time frames traders.
______________________________________________________________
Golden Advices.
**********************
* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
**********************
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MOVR/USDT Approaching Key Resistance Levelshello guys!
Trend Breakout: The price broke above the long-term descending trendline, signaling a potential shift to bullish momentum.
Current Range: The asset is trading within an ascending channel, with the lower boundary around $10 and resistance near $16-$18.
Support Zone: A strong demand zone (S&D) around $7-$8 has acted as a launchpad for the recent upward movement.
Resistance Area: $16-$18 represents a significant supply zone, as highlighted. A breakout above this level could lead to a rally toward $20 and beyond.
Possible Scenarios:
A continuation within the channel with a potential retest of the $12-$13 area before another leg upward.
A breakout above $18, confirms bullish dominance.
Failure to hold within the channel could push the price back toward the $10 or $7-$8 support zones.
#MOVR / USDT:#MOVR / USDT:
SEED_DONKEYDAN_MARKET_CAP:MOVR closed the week with a strong weekly candle at $11.522, marking a +35.78% gain. This weekly close signifies a breakout from the downtrend, indicating potential bullish momentum to test higher levels.
Upcoming Targets:
🎯 First target: $22.284
🎯 Second target: $31.478
🎯 Third target: $38.908
If the price maintains a weekly close above $10.268, it reinforces the likelihood of the upward trend continuing and achieving the mentioned targets. 📈🔥
#MOVR/USDT#MOVR
The price is moving in a symmetrical head and shoulders pattern on the 4-hour frame
We are now in the right shoulder formation and a rebound is expected
We have a rebound from the lower limit of the pattern at 9.00
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.007459
First target 0.007980
Second target 0.008738
Third target 0.009700
Moonriver Reversal Pattern Confirmed (159%, 489% & 820% Pot.)Back in late 2023 Moonriver (MOVRUSDT) produced a rounded bottom before a major bullish wave. Now, in 2024, we are seeing triangular bottom, which ends in an ascending triangle before bullish growth.
The pattern on its own is good but the fact that the action is moving today above the triangle's neckline (or baseline) is the most interesting part. If the pattern is not complete, anything goes; but once on the bullish zone, the probabilities favor a continuation.
In this MOVRUSDT chart we have a long-term higher low and after 9 months of bearish action, a major correction, I wouldn't be surprised to see growth.
You can find the targets on the chart. These are short- to mid-term. Long-term it can go higher and higher and higher... And higher.
Thank you for reading.
Your support is appreciated.
Namaste.
Movrusdt next trading planAfter a big increase where MOVRUSDT's value went up by more than 900% thanks to a positive market trend, it's now in a phase where its price is stable with potential sideways movements.
We've done well in the past by picking the formation of bullish divergence to buy, and you can see our strategy on this chart:
Right now, we're waiting to see what price do next. We've also picked out a specific price area where it might be a good idea to buy if the opportunity comes up.
Although, it will be good to keep an eye on important resistance level shown on the chart, this level has been hard for MOVRUSDT to get past. If the price goes up and doesn't fall after hitting this tough spot, our plan to buy at the lower price might not work anymore.
Your engagement is fully welcome on our view.
Inverted Head And Shoulder Pattern.As you can see the chart is probably making a inverted Head and shoulder pattern.
I'll start adding up some (spot) at 8.50$ and below with bullish conformation on LTF support
( Usually it has to be entered after the breakout from the neckline but I prefer getting in here)
Make sure you do your own research before.
The pattern gets totally invalid below or equal to the head low so manage your risk accordingly.
Target should be straight 18$ 🤞🏻
Thank you ❤️