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PolarHusk
Jan 6, 2020 6:38 PM

REN/BTC TA Update (Bulls getting ready?) Long

Ren / BitcoinBinance

Description

REN/BTC

REN is showing signs of strength after the price bounces from the downward trend-line of support at around 420 sats area. REN is painting a potential Higher Low setup and an EMA cross.
The price is currently testing the downtrend of resistance and facing a little hesitation to break bullish. We could see REN consolidate in this area within a week before it decides to break Higher High.
I'm leaning to the Bulls side if REN can hold this level within 48 hours or more.
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