RIVER's technical outlook has recently shown several interesting signals. The RSI has already fallen below 22, firmly entering the extreme oversold territory. From the chart, the price is closely following the 24-hour low, while trading volume is increasing, indicating that panic selling is accelerating. More importantly, the MACD has shown the early signs of a bullish divergence, with bearish momentum clearly weakening.
The current price is stuck at 17.834, which is already in the absolute bottom zone. According to conventional technical analysis logic, a rebound is only a matter of time. Friends looking to buy the dip can pay attention to this level, as it might be a good opportunity to get in.
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AllInAlice
· 7h ago
Damn, RSI has dropped below 22. How panicked must everyone be? The rebound should be coming soon, right?
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GlueGuy
· 7h ago
Damn, RSI is already at 22, how desperate is that? It feels like the bottom is really not far away.
The price level of 17.834 is indeed tempting, but I don't know if it's a rebound or a continued drop.
I didn't quite understand the MACD bottom divergence, but the increased trading volume is a signal worth paying attention to.
Sigh, I always feel that no matter how perfect the technicals are, they can't withstand a market crash. Forget it, I'll just wait and see.
Damn, I’m torn again about whether to buy now or wait a bit longer. This mindset is really intense.
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consensus_failure
· 8h ago
The bottom signal is so obvious, but I'm still afraid of catching the falling knife halfway up the mountain.
RIVER's technical outlook has recently shown several interesting signals. The RSI has already fallen below 22, firmly entering the extreme oversold territory. From the chart, the price is closely following the 24-hour low, while trading volume is increasing, indicating that panic selling is accelerating. More importantly, the MACD has shown the early signs of a bullish divergence, with bearish momentum clearly weakening.
The current price is stuck at 17.834, which is already in the absolute bottom zone. According to conventional technical analysis logic, a rebound is only a matter of time. Friends looking to buy the dip can pay attention to this level, as it might be a good opportunity to get in.