The smart money is quietly accumulating $RIVER while everyone else is still staring at the 86.00 peak.
Looking at this 1D chart, the bleeding has finally stopped. We’ve been forming a solid rounded bottom since hitting that 7.00 floor. Today we’re sitting at 13.30, and the price action is slowly grinding higher with a nice series of higher lows. It’s not a vertical pump yet, but that’s actually a good thing for a sustained move. Volume is healthy at 229M USDT, which shows there's actual interest returning to the pair. If we can clear the 20.48 resistance level, the next leg up could be significant because there isn't much price history in that gap. I’m watching for a daily close above the recent local high. If it holds, we might be looking at a much bigger recovery. If it rejects, we probably just range between 10.00 and 13.00 for another week.
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The smart money is quietly accumulating $RIVER while everyone else is still staring at the 86.00 peak.
Looking at this 1D chart, the bleeding has finally stopped. We’ve been forming a solid rounded bottom since hitting that 7.00 floor. Today we’re sitting at 13.30, and the price action is slowly grinding higher with a nice series of higher lows. It’s not a vertical pump yet, but that’s actually a good thing for a sustained move.
Volume is healthy at 229M USDT, which shows there's actual interest returning to the pair. If we can clear the 20.48 resistance level, the next leg up could be significant because there isn't much price history in that gap.
I’m watching for a daily close above the recent local high. If it holds, we might be looking at a much bigger recovery. If it rejects, we probably just range between 10.00 and 13.00 for another week.
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