đ RIVER Price & Candle Structure
RIVER is trading in the teens in USD (around mid-$10s to high-$10s range recently per live price charts)
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After a parabolic rally to an all-time high near ~$87, price has retracted significantly, showing a classic cool-off after a blow-off top
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đ„ Short-Term Candle Chart Signals
Current Price Action
Recent daily candles show wicks on both ends, indicating indecision and battle between bulls and bears.
A bearish setup printed on the 15-min chart in the form of a TD Sequential â9ââa pattern that often precedes short-term pullbacks or consolidation
Support & Resistance
Price has been respecting near-term support zones established after the big peak, with buyers stepping in on dips.
Thereâs a multi-day consolidation range, where lower-wicks suggest buying pressure near support and upper wicks show profit-taking near resistance.
đ Market Context
Volume during down candles has been relatively muted compared with previous up moves, indicating selling may be fatigue-driven rather than aggressive distribution.
Recent market sentiment leaned risk-off for altcoins broadly, adding downward pressure despite isolated bounce attempts
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đ§ Interpretation
Bullish Perspective
If the daily candles form a sequence of higher lows with shrinking lower wicks, it could signal accumulation and a base forming for another leg up.
Sustained candles closing above local consolidation highs could confirm renewed upward momentum.
Bearish Perspective
A decisive close below key support zones on daily candles (e.g., levels near recent lows) could accelerate downside and invalidate near-term bullish setups
đ Summary
RIVER remains volatile with wide swings, typical after sharp rallies.
Candle action shows indecision and consolidation, with short-term bearish signals on lower timeframes but potential support on daily charts
Watch key candle closes and volume behavior for clues on whether buyers regain control or if sellers dominate
