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barzzTradingAcademy
Apr 12, 2021 12:09 PM

RENUSDT Will Price go for DEMAND Level? 

Ren / TetherUSBinance

Description

Hello Traders, This is a screenshot of my Analysis on this Pair. Price is Bullish on the Monthly Timeframe, however Price created a level of Demand at 0.87500 some days ago on the Daily Timeframe and Price is yet to Test this Demand.

I Expect a Retest of this Demand in the Coming Days and then another Bullish Continuation back to the Upside.

I will be Monitoring Price action for shorting Opportunity if we get a Decline in Price, Then I will Position myself at this Demand for Bullish Entry Opportunities.
Comments
meltedlaughter
I think .66 area before burst up. This price would fit with the very bottom of a decending wedge on weekly RENBTC
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