$RIVER :Currency analysis
Based on the available technical data,
the price is trading below the major moving averages.
The recent highs and lows currently indicate that sellers are in control.
According to the RSI, it is close to 35, which signals weak momentum and that sellers are still in control.
So far, there is no sufficient confirmation of a trend reversal.
Analysis of the expected scenarios:
Bearish scenario
A clear close below the 0.759 area could open the way for a test of 0.744.
Bullish scenario
The price recovers 0.815, then breaks above 0.832. Holding above this price would signal an improvement in the market structure.
Therefore, the best thing to do right now is wait until we confirm a potential exit from the downtrend.
This was LORD-CRYPTO.
Please follow the account to get the latest analysis updates.
Based on the available technical data,
the price is trading below the major moving averages.
The recent highs and lows currently indicate that sellers are in control.
According to the RSI, it is close to 35, which signals weak momentum and that sellers are still in control.
So far, there is no sufficient confirmation of a trend reversal.
Analysis of the expected scenarios:
Bearish scenario
A clear close below the 0.759 area could open the way for a test of 0.744.
Bullish scenario
The price recovers 0.815, then breaks above 0.832. Holding above this price would signal an improvement in the market structure.
Therefore, the best thing to do right now is wait until we confirm a potential exit from the downtrend.
This was LORD-CRYPTO.
Please follow the account to get the latest analysis updates.