#RIVERUSDT Descending channel ?

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#RIVERUSDT Descending channel ?River / USDTMEXC:RIVERUSDTCryptoAnalystSignal#RIVER The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key support zone (in green) at 3.46, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 3.90 Target 1: 4.07 Target 2: 4.26 Target 3: 4.50 Stop Loss: At the resistance zone (in green) Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.