๐ $RIVER /USDT Technical Analysis
RIVER is showing strong bullish momentum after a sharp rebound from the 13.94$ local bottom. Price is currently trading around 17.09$ (+18%+), holding above key moving averages.
๐น Trend
โข Price is above MA(7), MA(25), and MA(99) โ bullish structure
โข Higher highs & higher lows forming on the lower timeframes
๐น Momentum Indicators
โข RSI (6/12/24): 65 / 62 / 56 โ bullish, not yet overbought
โข MACD crossed up with growing green histogram โ momentum still building
๐น Key Levels
โข Support: 16.2 โ 15.9
โข Major Support: 14.0
โข Resistance: 17.4 โ 18.6
โข Breakout Target: 19.6 (previous high)
๐ Scenario
โข As long as price holds above 16.0, continuation to 18.5 โ 19.6 is likely
โข Rejection from resistance could lead to a healthy pullback to 15.9 โ 16.2 before next move
โ ๏ธ Note: Volatility is high, manage risk properly.
๐ฌ Whatโs your move?
๐ Long continuation to 19.6
๐ Or short-term pullback first?
#RIVER #Crypto #Binance #Altcoins #TechnicalAnalysis #Trading
RIVER is showing strong bullish momentum after a sharp rebound from the 13.94$ local bottom. Price is currently trading around 17.09$ (+18%+), holding above key moving averages.
๐น Trend
โข Price is above MA(7), MA(25), and MA(99) โ bullish structure
โข Higher highs & higher lows forming on the lower timeframes
๐น Momentum Indicators
โข RSI (6/12/24): 65 / 62 / 56 โ bullish, not yet overbought
โข MACD crossed up with growing green histogram โ momentum still building
๐น Key Levels
โข Support: 16.2 โ 15.9
โข Major Support: 14.0
โข Resistance: 17.4 โ 18.6
โข Breakout Target: 19.6 (previous high)
๐ Scenario
โข As long as price holds above 16.0, continuation to 18.5 โ 19.6 is likely
โข Rejection from resistance could lead to a healthy pullback to 15.9 โ 16.2 before next move
โ ๏ธ Note: Volatility is high, manage risk properly.
๐ฌ Whatโs your move?
๐ Long continuation to 19.6
๐ Or short-term pullback first?
#RIVER #Crypto #Binance #Altcoins #TechnicalAnalysis #Trading