Crypto2AF

MOVR/USDT - Moonriver: Double Bottom

Crypto2AF Updated   
BINANCE:MOVRUSDT   MOVR / TetherUS
◳◱ On the $MOVR/ USDT chart, the Double Bottom pattern suggests an upcoming trend shift. Traders might observe resistance around 27.079 | 31.556 | 40.205 and support near 18.43 | 14.258 | 5.609. Entering trades at 24.318 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Moonriver
▣ Rank: 321
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Moonriver is a parachain on the Kusama network. Kusama is a "canary network" which encourages experimental development prior to implementation on the Moonbeam sister chain on Polkadot. Like Moonbeam, Moonriver is an EVM-compatible smart contract platform built using the Substrate framework. The network has a native token called Moonriver (MOVR), which will allow holders to participate in consensus through staking, paying for transactions, and vote on governance proposals.

◰◲ Technical Metrics:
▣ Mrkt Price: 24.318 ₮
▣ 24HVol: 27,215,397.767 ₮
▣ 24H Chng: 4.481%
▣ 7-Days Chng: 9.23%
▣ 1-Month Chng: 8.11%
▣ 3-Months Chng: 259.15%

◲◰ Pivot Points - Levels:
◥ Resistance: 27.079 | 31.556 | 40.205
◢ Support: 18.43 | 14.258 | 5.609

◱◳ Indicators recommendation:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: STRONG_BUY

◲◰ Sharpe Ratios:
▣ Last 30D: 0.65
▣ Last 90D: 2.57
▣ Last 1-Y: 1.21
▣ Last 3-Y: 0.29
◲◰ Volatility:
▣ Last 30D: 0.68
▣ Last 90D: 3.30
▣ Last 1-Y: 1.79
▣ Last 3-Y: 1.57

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.38 - Bearish
▣ Reddit sentiment score is 0.35 - Bearish

▣ In-depth MOVRUSDT technical analysis on Tradingview TA page


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Trade closed: target reached:
🔔 Target reached!‍ 🎯

• 🐮 Strategy: Long
• 👉 Exchange: BINANCE
• 👉 Account: Spot
• 👉 Entry mode: Market order in range
• 🎯 Exit:
• ⎿ Target 4 : 27.236 ✅ 12%
• ⎿ Target 3 : 26.336 ✅ 8.3%
• ⎿ Target 2 : 25.607 ✅ 5.3%
• ⎿ Target 1 : 25.169 ✅ 3.5%
• 💰 Entry: 24.318 ⌁ 24.318
• ⎿ Current market price: 28.035

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.