1️⃣ In previous posts, I highlighted the fact that listings on South Korean exchanges will explode the coin. The beginning is set, the coin has been listed on Coinone and Gopax.
But these exchanges rarely impact growth as they are small; the main trading happens on BitHumb and Upbit. But the fact that $RIVER is entering South Korea is confirmed✅ So I think I'm heading in the right direction🤔
2️⃣ Why do I think that listings on BitHumb and Upbit will explode the coin❓
It's simple, in South Korea there are no Futures and leverage, there is only SPOT❗❗❗
Real money, not inflated leverage. Real purchases = real growth❗❗❗
3️⃣Chart👇
Despite the 'drop', the purple support line has not yet been touched, although if the coin comes to it, it will only be a good and logical point for a reversal. The first thing I expect is a breakout above the blue resistance line, and a breakout above the white line will be the most positive, and we may see a new ATH.
4️⃣ Fibonacci is not as grim as it seems👇
Take a look for yourself, the coin is only at the 0.618 level of Fibonacci, this is the second golden ratio and the point from which a reversal most often occurs.
Don't forget about the investment of 12 million dollars from Tron and Arthur Hayes, as well as the partnership with $SUI
Also, this coin does not react to the drop $BTC if you noticed, when Bitcoin crashed from $92,845 by more than 4%, the coin did not react to this, unlike the entire market
💡Conclusion. There is no need to panic. It is worth keeping an eye on the trend until the lower line of the uptrend is broken, the growth potential remains. We are watching the coin; it is too early to write it off❗
What is your opinion about this coin❓ I had good longs on it, I would like to see growth. Especially when many coins are falling, maybe RIVER will please us😂 I even started speaking in verses😂
#RİVER #Write2Earn #Listing #BinanceSquareTalks #TechnicalAnalysis