#MOVR
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 4.70.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 4.80
First target: 4.90
Second target: 5.0
Third target: 5.12
