I recently looked at the RIVER trend and have some thoughts to share with everyone. From a technical perspective, although this coin has performed quite well, its upward potential is actually limited. If we use the 16.9×2 level as a reference, which equals 33.8, even if it continues to strengthen later on, the increase is expected to be around 10%. That means the target range might be between 36 and 37.
There's a point worth paying attention to—the recent candlestick patterns show price rising but volume shrinking. This kind of divergence between price and volume is usually unstable. The candlestick from 4 to 5 is particularly important; we need to see effective volume increase to confirm the possibility of further upward movement.
Additionally, let's talk about risk prevention. Looking at BDXN, which has already experienced a significant plunge, this serves as a warning. Although RIVER might not drop as sharply, since there are tokens in the market that can experience large dips, we still need to stay alert and implement good risk management.
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LiquidationTherapist
· 5h ago
I've seen this pattern of price increase with shrinking volume too many times; nine out of ten times, it ends in a crash.
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MissedTheBoat
· 5h ago
You really need to keep a close eye on the divergence between price and volume, or you'll be trapped in a dead end.
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AirdropAnxiety
· 5h ago
The issue of shrinking volume needs to be closely monitored. If there's no increase in volume on the 4-5 point K-line, I will liquidate my position.
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Degen4Breakfast
· 5h ago
I've seen this pattern of price rising with shrinking volume many times; in eight out of ten cases, it retraces. Let's wait and see how it performs around 4 to 5 o'clock.
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BlockchainGriller
· 5h ago
The pattern of price rising on shrinking volume is old news. Wait and see if the 4-5 point line can increase volume; otherwise, it feels fake.
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SudoRm-RfWallet/
· 5h ago
You really need to keep a close eye on the divergence between price and volume, or you'll be easily cut off.
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StrawberryIce
· 5h ago
When supply shrinks and prices rise, you really need to be careful. There's nothing much to say.
I recently looked at the RIVER trend and have some thoughts to share with everyone. From a technical perspective, although this coin has performed quite well, its upward potential is actually limited. If we use the 16.9×2 level as a reference, which equals 33.8, even if it continues to strengthen later on, the increase is expected to be around 10%. That means the target range might be between 36 and 37.
There's a point worth paying attention to—the recent candlestick patterns show price rising but volume shrinking. This kind of divergence between price and volume is usually unstable. The candlestick from 4 to 5 is particularly important; we need to see effective volume increase to confirm the possibility of further upward movement.
Additionally, let's talk about risk prevention. Looking at BDXN, which has already experienced a significant plunge, this serves as a warning. Although RIVER might not drop as sharply, since there are tokens in the market that can experience large dips, we still need to stay alert and implement good risk management.