Porebare

Porebare

Very strong range in play for possible reversal. 1W RSI bearish. Invalidation above 2080

Porebare

Retesting range median at this local cluster of 26->28k. Range low is first target then wait for breakdown.

Porebare Updated 

1W structure broken clean. Trend is now continuation of bleed against BTC

Porebare Updated 

Although fundamentally Moonriver is solid, it may be too new to sustain current levels. On chain activity recently hasn't been so great with liquidity pulling and fear as MOVR takes its time to break new highs. A break of the horizontal support I would speculate a significant correction.

Porebare Updated 

A descending triangle breakout has been retested for the second time. Looking out for -more volume/abnormal BTC exchange flows -OBV structure -daily closes above 50k -the in progress divergences

Porebare Updated 

-bearish divergence forming on 1D RSI/Volume in rising wedge pattern, can easily be invalidated soon -in prior demand zone near ATH, molesting 50k resistance -1D 200/50/20 EMAs flipped bullish with crosses just days apart -waiting for volume breakout for some confirmation -ETH 1D from Jan-Feb '21 had wedge pattern with bearish divergence but broke upside, target...

Porebare Updated 

BTC 1H/15m seems to be consolidating within a possible descending triangle (DT) and parallel channel. I will re-enter shorts if we reject from the 50 1H EMA again or if the DT pattern breakdown confirms. My first levels to take profits are retests the middle/bottom lines of the channel. Final level to take profit/enter longs would be if the DT pattern plays...

Porebare

Bar pattern copied from the last leg up pasted onto recent price action. There is some correlation so far so I assume there can be further consolidation within an ascending triangle it recently broke out of and back into before a parabolic move. I am new to fractals and applying them so advice is appreciated. Thank you.