$REN, Bounced from the ~925sats support after testing EMA200 (red) on the 8H..
Overall trend is bearish in multiple TF, Falling from current support will lead to a drop to ~800sats support
On the other side, a cross over the yellow trendline will indicate a bullish signal.
#REN
Not financial advise just my personal analysis and chart for tracking purposes.
Expect to see 900-1000 sats short to mid term. Possible we see another retest below 800 sats before going up.
Project has strong fundamentals & team.
Floating around historical support.
Daily MACD is bullish.
#Accumulation_Recommendation
Pair : #REN / #BTC
Technical Analysis
Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close...
After broke the trendline, price is approaching to 0.382 fibonacci level. If can stay above of this level i'll label it as wave 2 just before huge wave 3.
If can not stay on this level, next support can be considered as 0.236 fib level.
The price broke down current dynamic support. Right now next zone, where it's gonna be interesting to buy it is around 0.2 fibo level and main uptrend. Zones of interest and targets are on the chart. Good luck everyone!
DISCLAIMER:
This is just my opinion and view of the market. Please keep this in mind and consider in your trades.
Hit "Like" if you like...
This green box was before a strong resistance zone. Then it became a support zone, it has been tested twice. If it touches this support and holds then I will long REN.
well see volume almost lost and half about 350 btc so selling or the stop loss hunt is over all done in this coin if this is pure manipulation than maybe partnership or big pump is nearby.
it close above that black line which is there for this coin and done a great job if close above the last chart 4 hr trend line than it is unstoppable
Ok let's be honest sometimes fibs are very scary. Yesterday a perfect bounce on the .786 fib level. IMO here we have some solid horizontal support. If this hold then I am bias enough to long REN. I
ICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. 50% fib retrace level confirmed as support and 4h candle is now looking to close above the initial close. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes....
I have here enough reasons to long REN.
Target is 1100 sat.
I will go out of the trade if there is a close below the EMA.
In this current market it is smart to move SL to Entry or nearby entry once the asset is going up.
Like and follow if you want to see more setups.
Volume is almost 3x from 200 bitcoin to 600 but
Q )When to enter Trade
Ans ) ---just wait for 4hr to close above 350 and than another candle to wait after that you can decide to enter or not ..
just wait it gives you huge profit risk taker can enter now with sl 800 ( never hit i think )
i am a risk taker .. Happy Trading
As you can see there are two very similar symmetrical triangles on this chart. Price action and length of the triangles are similar. Price could once again breakout on the 18th day of consolidation 8/13/19. Last time this setup occurred, we saw a 130% increase in price. If this happens again, we could see a price of 2150 sats.
Let's see if history repeats...
Watching RENBTC here for a possible long as it approaches daily support at 929.
Looking for entry in 929~940 area, or entry on the break of the downtrend. Would like to see it hold this area as support for a few candles as accumulation before entering. A daily close below 929 and I'd expect further downside.
Entry: 929~940 area OR break of downtrend
Stops:...
