#movr
📌 Formation:
A clearly defined ascending triangle formation has formed in the chart.
The ascending triangle is generally considered a bullish formation.
The price has started moving towards the target by breaking the resistance line upwards.
🎯 Target Price:
DirectionTarget Price (USDT)Description🔼 Up8,649Upward target equal to the height of the triangle
📊 Technical Observations:
Current Price: 7,252 USDT
An increase in volume has been observed with the upward breakout of the triangle.
The price is moving towards the target. Technically, momentum is still positive.
🛡 Support – Resistance Levels:
TypeLevel (USDT)DescriptionResistance8,649Technical target levelSupport7,000Upper resistance of the triangle (now support)Main Support6,600Lower rising trend line of the triangle
🔍 Possible Scenarios:
ScenarioConditionTarget📈 Continuation of the UptrendIf it stays above 7,0008,65 USDT🔁 CorrectionIf it drops below 7,0006,600 – 6,400
✅ Summary:
TitleInformationMain FormationAscending TriangleBreakout DirectionUp (bullish formation)Technical Target8,649 USDTSupports7,000 → 6,600Risk WarningIf volume decreases, the formation may break down