Movr
$MOVR/USDT 1D (#KuCoin) Falling wedge on supportMoonriver is looking bottomed here and about to start the reversal if manages to break-out!
moonbeam.network
Risk/Reward= 1:1.5 | 1:3.78 | 1:6.73
Expected Profit= +38.06% | +96.31% | +171.35%
Possible Loss= -25.46%
Fib. Retracement= 0.382 | 0.702 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 months
⚡️⚡️ #MOVR/USDT ⚡️⚡️
Exchanges: Binance, KuCoin
Signal Type: Regular (Long)
Current Price:
169.84
Entry Zone:
166.09 - 150.39
Take-Profit Targets:
1) 218.46
2) 310.64
3) 429.38
Stop Targets:
1) 117.96
Moonriver trade idea - LONGMoonriver touched the lower support area and started to move bullish. On daily chart the price is trading above 13 and 20 MA, RSI momentum indicator is picking up and closing to the 50 level, MACD is also showing upward movement. My targets for MOVR; TP1 $235, $292, $468; SL $170. Price must stay above MA on daily chart.
MOVR is bullish$MOVR is advancing inside the descending channel and is bouncing off its lower boundary. That gives a perfect buying opportunity for a mid-term holding perspective.
The first target is a resistance level R1 at 281$, in case of this resistance being broken, the price will likely reach the top boundary of the channel at 367$. After the Breakout through the R2 line, nex target will be major resistance level at 494$, here is the point where the 75% of position should be closed and the remaining 25% will be closed in case of reaching the final #Take Profit point at 720$.
The stopp loss should be at 113$
Movr - Great buying opportunityMoonriver is currently one of the most successful Polkadot parachains that has good power to win the parachain competition.
Movr was recently listed on Binance.
In about 2 weeks, it has processed more than 5 million transactions .
It's now in a good position to buy and hold (Mid-term).
NOTE:
Bitcoin is kinda dangerous. It's better to consider the possibility of a deeper price correction or a rapid increase in market dominance 👉 Be Careful
MOVR/USDT 🚀🚀🚀Hi guys
Now the best conditions for buying this currency are in the two steps that I showed in the chart
And by holding it for a short time, you can make a very good profit from it.
🎯 Target 1: 495 (107% profit)
🎯 Target 2: 663 (176% profit)
🎯 Target 3: 800 (235% profit)
🚫 Stop loss: HOLD MODE
Moonriver updateMOVR reached the first price target from this bull flag breakout. There is also resistance in this area that the MOVR must successfully brekaout. We now see a pull back, but I expect MOVR to reach a second price target. Anyway, I didn’t sell anything, even if we hit the first target, because I think Mooriver is a very good project and we’ll see some nice growth of this coin.