initmx

RENUSDT analysis 03.05.22

Long
initmx Updated   
BYBIT:RENUSDT   RENUSDT SPOT
playing around with the wave. No confirmations yet, but this scenario is possible. Will only long if the support around the orange line holds.
Comment:
no position taken, the PA was unknown. however looking at the overall structure, there seems to be an ending diagonal/ its just another falling wedge. if either of them is the case, we're left with one final leg to the downside before a long opportunity is presented. I'm baby sitting this one!!!

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