Let's analyze MOVR!

Current Trends:

Downtrend and Descending Channel: The price of MOVR has been in a downtrend, moving within a descending channel since its previous high. This indicates a period of consolidation and potential accumulation.

Key Levels:

Support and Resistance:

Support: The internal trendline and the bottom of the descending channel are acting as significant support levels.

- Resistance: The upper boundary of the descending channel and the horizontal resistance around $22 are key resistance levels to watch.

Bullish Indicators:

Engulfed Candlestick Pattern: Recently, there was a bullish engulfing pattern, suggesting a possible reversal in the downtrend.

- Quick Reaction
Quick Reaction and Internal Trendline: The price reacted quickly to the support levels and is now approaching the internal trendline, indicating growing bullish momentum.

Potential Breakout:

Breakout Scenario: If the price breaks above the descending channel and surpasses the resistance around $22, it could initiate a strong upward move. - Target: The projected target for this potential breakout is around $199, indicating a possible 1026% increase from the current levels.

Market Sentiment:

Trader Sentiment: The current market sentiment seems optimistic, with traders potentially positioning themselves for a breakout, as indicated by the recent price movements and pattern formations.

Conclusion:

Actionable Insights: Traders should watch for a confirmed breakout above the descending channel and the $22 resistance level. A sustained move above these levels could lead to significant gains, with a long-term target of around $199.
Risk Management: It is essential to manage risks by setting stop-loss orders below the support levels to protect against potential downside moves.

This analysis highlights a promising setup for MOVR/USDT, emphasizing the importance of key support and resistance levels and the potential for a substantial bullish breakout.

✓✓✓ Always do your research.

If you have any questions, you can write them in the comments below, and I will answer them.

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After the recent pump, AAVE has reached the premium range of the previous wave and hit a supply.

We have a bearish CH on the chart, which is preferable to a bullish iCH.

AAVE can drop to the specified targets on the chart.

Closing a daily candle above the invalidation level will violate the analysis

Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger.

When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.

If you have any comments please post them, comments will help us improve our performance

Here's why:

• It is likely that we will see some profit-taking or re-test of the breakout after a 70% run - which will provide better entries.

• 150 will be a strong resistance. Going long doesn't make sense if the price is already close to the resistance.

• Bitcoin's influence. BTC (still) hasn't decided upon its next move. If it goes lower, it can quickly evaporate AAVE's pump.

Here are better approaches:

• Enter after correction/retest of the breakout

• Enter after the 150 resistance has been broken

• Enter once BTC starts pumping

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