REN swing test- bullish pennant

The price is currently testing the previous highs from June 2021. If bulls manage to defend this level, this could be a good buying opportunity.

Entries:

• Aggressive- 0.65

• Stupid and greedy - after 0.71 is reclaimed

• Safe- after upper trendline of the triangle or 0.86(TP1) is reclaimed

Long term targets only:

TP1: 0.8611
TP2: 1.1001
TP3: 1.3764
TP4: 1.7539

(short-term traders will figure this out themselves)

Remember about risk management, especially that BTC has been quite volatile lately.

Comment:

UPDATE:

The price has just reached top of the formation. If you want to get an entry/add to your current position you may get it here. Give it some time, watch the reaction, don't FOMO in.

Comment:

I think this is it for a while. Can't complain, 52% profits :)

Comment:

I was totally wrong about exhaustion in the previous update. Money is flowing into the market like crazy. Insane gains:

TP1 (0.8611) - (~32% profit) ¬¬ done
TP2 (1.1001) - (~70% profit) ¬¬ done