$RIVER
RIVER analysis
The coin is digging, but the reason that keeps me staying at the Onq center
After the last drop,
there was a strong push from the 1.00 Order Block area
(order block)
And it made a rise to the 1.53 area.
What’s interesting is that the 1.40 area
is a major peak on the 4H timeframe,
and it was broken—meaning did CHOCH happen?
Change of Character
Then the coin dropped again, and it’s currently close to the Order Block area.
If there’s a rebound, we may see a strong rise in the coin.
And we may have
BOS — Break of Structure
A break of the structure of the new top at the 1.53 area,
which means the trend has truly turned bullish.
Respecting the Order Block
and not breaking the high, because it caused a clear structure break
RIVER analysis
The coin is digging, but the reason that keeps me staying at the Onq center
After the last drop,
there was a strong push from the 1.00 Order Block area
(order block)
And it made a rise to the 1.53 area.
What’s interesting is that the 1.40 area
is a major peak on the 4H timeframe,
and it was broken—meaning did CHOCH happen?
Change of Character
Then the coin dropped again, and it’s currently close to the Order Block area.
If there’s a rebound, we may see a strong rise in the coin.
And we may have
BOS — Break of Structure
A break of the structure of the new top at the 1.53 area,
which means the trend has truly turned bullish.
Respecting the Order Block
and not breaking the high, because it caused a clear structure break
