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njamal
Sep 18, 2021 12:33 PM

REN on the daily 

Ren / TetherUSBinance

Description

Ren is an interoperability platform aiming to connect popular blockchains, according to them you can transfer your tokens between different blockchains without worrying about compatibility.
✅ A big Cup & Handle has been formed in the last few months
✅ A breakout of this pattern has happened few days ago
✅ We need a daily candle close above the 1.11$ to confirm the breakout
✅ Suggested levels that are shown in the chart measured and based on the levels that the breakouts can give
✅ MACD crossed and showing a nice momentum
✅ RSI also suggests that we are going up
⛔️ If the breakout failed we will go back to the 0.61-0.92 channel where the 200EMA can hold as a Strong support
⛔️ A daily close above 0.61$ will suggest that we are going down again
⚠️ September is a tricky month for Crypto,be extra careful.
⚠️ The leader in this market is Bitcoin , keep an eye on it .

Trade active

Here we go..
Comments
CINDERCVV
NEW BRO ?
njamal
@CINDERCVV, Nothing have change, and i thing that we are having a nice breakout
CINDERCVV
@njamal, target now?
njamal
@CINDERCVV, for the short term i believe we will reach 1.32$,, also 1.7$ , 2$ or more if we had a good run
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