YassG

Ren/usdt bullish breakout

Long
BINANCE:RENUSDT   Ren / TetherUS
Ren/USDT is about to make a massive move to the upside.

It’s last run was 2000% before pulling back roughly 60%.

I plotted the same measurement on the recent pullback and is roughly 60% as well, if it replicates the same move in the coming months we could see Ren/USDT hit $3.5.

We can see clearly that its formed a beautiful Bull pennant, which has now broken out to the upside.

If you look at the daily its also printed a clinical Cup&Handle Pattern.

This will be a potential 8.75x return from current level to $3.50

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.