$MOVR
#MOVR welcome to my new analysis about MOVRUSD. I am analyzing the 2-day timeframe perspective. In recent times the price surged over +300% towards the bullish upside. The strong volatility pushed the price into massively high spheres. The cryptocurrency community already sees a 90% bullishness for this coin. Right now, I am only picking the high-performance and high growth-potential coins that have strong upside potential
As when looking at my chart, we can watch there how MOVRUSD formed this gigantic descending triangle formation. Within this formation, MOVRUSD already completed the wave count. Recently the price surged with strong momentum and volatility above the upper boundary of this gigantic formation. The breakout has confirmed the whole bullish formation. Such a descending triangle formation is a strong bullish formation with huge upside potential.Additionally to this pivotal completion of the descending triangle and confirmation of the bullish continuation, there are several other bullish factors. One of them being the bullish MACD crossover. Also, MOVRUSD has major supports within this whole structure determined by the 50-MA in orange and the 25-MA in green. Furthermore, it has the ascending uptrend support line, which is marked in dashed green.
This whole formation and structure has now confirmed the next +500% expansion to accelerate within the next times. As marked in my chart, the whole descending triangle targets are within the 10.975 area. When the bullish momentum holds on and MOVRUSD even accelerates above this zone, it is going to expand massively into much higher spheres. I will monitor this development closely and adjust to positional changes along the line