RIVER/USDT 1H Analysis – Falling Knife or Reversal Setup?
RIVER is currently down -12%, trading around 11.55, continuing its strong downtrend from the 24.07 high.
Let’s break it down 👇
📈 Trend Structure • EMA(7) < EMA(25) < EMA(99)
• Price below all EMAs
• Clear lower highs & lower lows
Momentum structure = strongly bearish
📊 Volume Selling pressure dominant.
No major bullish volume spike yet to signal reversal.
📉 Indicators • MACD → Below zero, bearish momentum active
• RSI → Around 13 (extremely oversold ⚠️)
• Stoch RSI → Near 0 (deep oversold)
This signals potential short-term bounce, but trend is still down.
🎯 Key Levels
🟢 Support: • 11.30 – 11.00 current zone
• 10.70 next psychological level
🔴 Resistance: • 12.30 (EMA25 zone)
• 13.50 (EMA99 zone)
🧠 Scenario Outlook
1️⃣ If 11.00 holds → possible relief bounce toward 12.30
2️⃣ If 11 breaks → continuation toward 10.70
3️⃣ Only above 12.30 with strong volume → trend reversal potential
⚡ Current bias: Oversold bounce possible, but overall trend still bearish.
No knife catching without confirmation. Let structure shift first.
#RIVER #CryptoAnalysis #TechnicalAnalysis