Our Automatic Strategy revealed the price movement trend reverse to uptrend.
The demonstrates the uptrend, but restricted by the resistance channel. Let's look at the last week price levels. We can see that it found the support on 23% Fibonacci level and resistance on the 38% level. The price recently bounced off the 23% Fibonacci level and the support . This is a strong background for the reverse. The ADL Indicator shows the price uptrend continuation, the demonstrates that the RENUSDT is oversold and the activity will increase soon.
We expect the 4.0% price growth from 0.31915 to 0.33191. The alert was automatically executed by SkyRock Signals trading bot.