RIVER's 1-hour chart is now worth paying attention to. The bullish trend that started from 5.422 has been ongoing for a long time, but recent changes are a bit concerning.
The key trend-following line is at 12.332. It was originally used as a dynamic stop-loss line, but it has now been broken. This is the first break below. The price has already fallen to 12.189, indicating that selling pressure is intensifying.
The MACD indicator confirms this judgment. The indicator line has moved below the signal line, and the momentum histogram has turned clearly negative, which is no small matter. In the past 5 days, the decline has been 38.64%, demonstrating the strength of the bears.
Previously, 52 consecutive K-lines were rising, forming a significant upward trend. But now, the trend's vital support line is being tested. Once this line is truly broken, a larger retracement space could open up. This is a critical point for traders to be highly alert—signs of trend reversal are already beginning to appear.
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MEVictim
· 10h ago
Oh my goodness, 52 bullish candles for free? RIVER really can't hold on this time.
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SmartMoneyWallet
· 10h ago
The rally of 52 candlesticks has completely collapsed. The method of this whale's dump is still the same old trick, and the fund flow has long indicated the problem.
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BlockTalk
· 10h ago
The rally of 52 candlesticks suddenly disappeared, RIVER is really about to reverse now.
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EthMaximalist
· 10h ago
Wow, the 52 candlesticks' rally just disappeared, RIVER's move this time is pretty fierce.
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GasFeeTherapist
· 10h ago
Oh no, is RIVER about to fail? 52 consecutive green candles for nothing...
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It's another trend reversal show, the bears are serious this time
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A 38% drop... where's my stop-loss?
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Didn’t hold at 12.332, what’s next? Where will it crash to?
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MACD turning negative is so scary. Well, should I prepare to buy the dip or cut losses?
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Five days of evaporation at 40%, things are getting lively
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The trendline was broken, and so was my heart
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Wait, is this really a reversal or just a false breakout, a fake move?
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Current holders must be feeling terrible; the long-term bullish outlook was just slapped down
RIVER's 1-hour chart is now worth paying attention to. The bullish trend that started from 5.422 has been ongoing for a long time, but recent changes are a bit concerning.
The key trend-following line is at 12.332. It was originally used as a dynamic stop-loss line, but it has now been broken. This is the first break below. The price has already fallen to 12.189, indicating that selling pressure is intensifying.
The MACD indicator confirms this judgment. The indicator line has moved below the signal line, and the momentum histogram has turned clearly negative, which is no small matter. In the past 5 days, the decline has been 38.64%, demonstrating the strength of the bears.
Previously, 52 consecutive K-lines were rising, forming a significant upward trend. But now, the trend's vital support line is being tested. Once this line is truly broken, a larger retracement space could open up. This is a critical point for traders to be highly alert—signs of trend reversal are already beginning to appear.