Moonriver (MOVR) - Bullish divergence

On the above 3-day chart price action has corrected a massive 90% since late November. A number of reasons now exist to be bullish:

1) The ‘incredible buy’ signal prints.

2) Regular bullish divergence. Seven oscillators are printing bullish divergence at this time including MACD over a 15 day period.

3) Points 1 and 2 are also true for the BTC / MOVR pair as shown on the 2-day chart below.

4) On the daily chart (bottom) there is clear volume divergence. I don’t know why money is pouring in, someone knows something I don’t.

Is it possible price action falls further? Sure.

Is it probable? No.

1st target $180

Good luck!

WW

2-day MOVR/BTC

1-day dollar chart

Trade active

Note

Very nice... on the 18hr chart multiple oscillators are printing bullish divergence just as before around the time this idea was published. A good moment to add to long positions.

Note

1st time a IB signal s recorded on the 2-day HA candles chart, watch it closely.

Trade active

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: