REN/USD Secondary trend. Channel formation. 08 2023

SpartaBTC Updated   
Logarithm. Time frame 3 days. Exit from the downtrend in the long-term trend.

Local trend. The price is at the lower zone of the horizontal channel at its support. For local trading, it is important to break the descending line of the local trend (purple color). In general, this is the accumulation zone of this cryptocurrency.

Line chart. This squeeze under the support is not visible on it.

Secondary trend (publication 2022 01 03)

REN/USD Secondary trend. Wedge. % of key zones

Major trend (publication 2022 01 03)

REN/USD Major trend. Accumulation of 637. Distribution 637

Trade closed: target reached:
Impulse - pump about +70% to 0.0915 level from consolidation zone after stop-loss removal under accumulation channel support.
Trade active

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