TradingView
Chibuike_Odoh
Aug 31, 2021 7:44 AM

REN/BTC { REN } - BULLISH SETUP Long

Ren / BitcoinBinance

Description

ANALYSIS 🔎
- REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.

BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.

TARGETS 🎯
- Horizontal resistance level (@0.00003350).
- Horizontal resistance level (@0.00004975).

SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@0.00000863).
More