Movr Analyze October 16
The MOVR currency code has now entered a correction phase after its bullish rally. In the MOVRUSDT chart and 4-hour timeframe, we see that the static level of $ 260 (orange area) has been lost and the $ 220 support (green line) has prevented the price from falling further once.
To continue its uptrend, the currency needs to cross the dynamic resistance (red line) as well as stabilize above the $ 290 static resistance (blue line) to form a higher HH ceiling. Purchasing is currently a high risk and we will have to wait for the necessary confirmations to enter.
To continue its uptrend, the currency needs to cross the dynamic resistance (red line) as well as stabilize above the $ 290 static resistance (blue line) to form a higher HH ceiling. Purchasing is currently a high risk and we will have to wait for the necessary confirmations to enter.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.