REN broke out of the ascending wedge pattern on the 4 Hour and is hovering around the .618 fib level, which forms the top of the wedge.
If this area holds (3.4-3.5), we should see the next levels on the fib retrace as targets for resistance and support ~ .38 and .42 respectively.
We are seeing a heavy correlation with bitcoin right now, so be sure to pay attention to BTC.
If this area holds (3.4-3.5), we should see the next levels on the fib retrace as targets for resistance and support ~ .38 and .42 respectively.
We are seeing a heavy correlation with bitcoin right now, so be sure to pay attention to BTC.
Comment:
I posted an update of this chart - see the page for it, yo!
Comment:
Reached the first target of .382 at the .786 Fib retracement level!
This level should become support, next stop .422
This level should become support, next stop .422
