#RIVER/USDT may continue its trend after correction

#RIVER

The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone (in green) at 10.95, and the price has bounced off it several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 10.40
First Target: 9.65
Second Target: 8.90
Third Target: 8.10

Stop Loss: At the resistance zone (in green).

Remember this simple rule: Manage your money wisely.

For any questions, please leave a comment.

Thank you.