📍RIVER👇👇👇
$RIVER
Consolidation / Decision Zone
What has happened before?
The price had dropped to $12.54
From there it bounced back up to $13.24
Now it has retraced back to $12.97
This means it is not fully bearish yet, but it has been stuck at resistance.
✅ From what can be inferred from the Bollinger Band
It can be seen on the chart:
Upper Band: $13.19
Middle Band (MB): $12.85
Lower Band: $12.50
📌 The price is currently above the middle band → bullish support is ongoing
📌 RSI now
RSI(6): 50.43
This is a neutral zone
➡️ This means it is neither overbought nor oversold.
🔥Support
Strong Support Zones:
$12.85 (Middle Band support)
$12.50 – $12.55 (Major base support)
📌 If $12.50 breaks, it could go down in the short term.
🚧 Resistance
$13.20 – $13.25 (top zone)
$13.50 (Next breakout level)
$14.20 (Big resistance)
Better Entry
✅ Buy Zone: $13.06 – $12.90
Confirmation Buy:
If the price breaks $13.25 and closes the candle
Then the target will be:
🎯 Target 1: $13.50
🎯 Target 2: $14.20
🎯 Target 3: $15.00+
🛑 Stop-loss
❌ Below $11.79
⭐ Today's Summary
RIVER now:
✅ Neutral bullish
✅ Strong support
⚠️ Resistance break is needed
