Simple analysis on current market structure tells me the following
Elliot Wave 1 breakout was quite enormous and if it is to adhere to elliot wave theory and if the interpretation is correct, the following wave 3 can't be the shortest of the 3 impulses
(1,3,5). Thus the following can be said...
Wave 3 has a minimal target of the yellow overhead horizontal line...
Been doing solid analysis on $MOVR for the last month tryna to find a good range to get into the project looks like where creating a bottom what does it look like to you??
If you turn On the BB, you'll notice an insane squeeze of the bands: MOVR has been in a strong accummulation zone for months.
I didn't turn them on cause you would't see the draws I've made.
- Weekly RSI is pushing hard upwards for a while. Check the Red line I've set.
- Potential to breakout to 40-52$ levels are higher than downwards.
If btc makes a black swan...
As shown in the chart, MOVR formed an inverted H&S pattern. Breakout can pave the way to targets set out in the chart.
-If you agree with this, like and share.
Best of luck!
Cheers.
Hello my friends!
This is my probable scenario for MOVR. Two entry steps are available...
comment your idea down below, please. I'm really eager to see how is opinion on MOVR... >_-
MOVR has been an enormously success project. It tends to make rapid moves when it breaks out of a pattern. Since Binance listing, it has remained close to ATH levels, with increasing volume, indicating huge demand. It appears to be on the verge of a breakout of a descending wedge.
We can see $MOVR is printing an ascending triangle and is currently testing short term support. If support holds here, then I would be looking for a move back up to the resistance zone at the top of the ascending triangle. If price breaks out of the ascending triangle, then I would be looking for continuation to the 1.618 Fibonacci extension around...
MOVR 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...
MOVR is going to pump regardless because of dot parachain hype.
Plus i checked binance already have integrated movr wallet to the exchange.... so possible exchange listing? Guess we'll know soon!
WAGMI
Cheers 🥂
