After reaching an astonishing hedge almost close to 0,00005 BTC, finally REN easily broke in five days all Fibonacci levels down to 0,000022 Btc, trying then to test a rally that brought the price till 0,000034 not supported by high volumes. Hence three important breakout that are bringing the price directly to 0,000012, last Fibonacci level (already touched in 2019, July 26th). After that tradesrs will probabily be interested in some new NFT's project and ICO's leaving low trading volumes on RENBTC for a while. For a few months there will be opportunities in weekly trading between 0,000013 and 0,000018.
Alternative views:
-the optimistic analisys looks for a rebound on the trendline to push the price at least to 0,000026.
-the pessimistic analisys reveals a dangerous downtrend under the 0,000012 support.
Alternative views:
-the optimistic analisys looks for a rebound on the trendline to push the price at least to 0,000026.
-the pessimistic analisys reveals a dangerous downtrend under the 0,000012 support.
Trade active:
REN is experiencing a moment of great strength, confirming the most optimistic analysis made on 23 September. Evidently, the listing on coinbase and the good performance of the entire crypto market postponed the period of low volatility. The new analysis was published today.