#river Current Price: 16.86

Trend: Short-term recovery inside a bigger pullback

🔎 Market Structure

Price made a strong move up to 21.34 (recent high).

After that, we saw a clear correction with lower highs and lower lows.

Now price is trying to recover from the recent low near 15 area.

So currently → Pullback inside a corrective phase, not a confirmed uptrend yet.

📉 Moving Averages

MA(7) = 16.24 → Price is above it (short-term bullish momentum).

MA(25) = 17.60 → Still above price (acting as resistance).

MA(99) = 15.26 → Strong dynamic support below.

👉 For real bullish continuation, price must break and close above 17.6 (MA25 zone).

📈 RSI (55)

RSI is above 50 → mild bullish momentum.

Not overbought, so upside room is available.

🔑 Key Levels

Support:

16.20 – 16.00

15.20 (Strong support near MA99)

Resistance:

17.60 (Very important level)

18.00 – 18.10 zone

📌 Possible Scenarios

Bullish Case:

If price breaks 17.60 with volume, we may see move toward 18 – 18.5.

Bearish Case:

If price gets rejected near 17.6, it can retest 16 → 15.3 zone again.

🎯 Conclusion

Right now it looks like a bounce after correction, but trend confirmation needs a strong breakout above 17.6.

Until then, market is still in recovery mode