Most people are looking at the old peak, but they’re missing what’s happening right now.
$RIVER finally stopped the bleeding after that massive dump from the 86.000 area. We’ve been flat for weeks, basically dead, but look at the last few daily candles. We just reclaimed 13.000 and the volume is starting to creep back up. It looks like it’s trying to round out a bottom here. We have some minor resistance coming up around 20.000, but if this accumulation is real, the move could be fast because the order book is probably thin above this. I'm watching that 10.600 low to make sure it holds. If we lose that, the dream is over. But for now, the price action is actually starting to look healthy again.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Most people are looking at the old peak, but they’re missing what’s happening right now.
$RIVER finally stopped the bleeding after that massive dump from the 86.000 area. We’ve been flat for weeks, basically dead, but look at the last few daily candles. We just reclaimed 13.000 and the volume is starting to creep back up.
It looks like it’s trying to round out a bottom here. We have some minor resistance coming up around 20.000, but if this accumulation is real, the move could be fast because the order book is probably thin above this.
I'm watching that 10.600 low to make sure it holds. If we lose that, the dream is over. But for now, the price action is actually starting to look healthy again.
#GateSquare$50KRedPacketGiveaway