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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.
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.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。