REN is falling continuously and is underperforming as compared to other coins for past few day.
REN is trending in narrow channel and seems it is at the bottom of the channel.
I expect REN to consolidated a bit and bounce as its peers.
Bullish divergence on 4h MACD and bullish bounce on 1h MACD.
Waiting for price to break above resistance. Targeting 1200 sats range but as always, it could go higher.
Will update as the trade moves along.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
REN is not showing signs of strength right now as an up trend channel has been broken. On top of that, MACD looks bearish as well. I'm looking to enter around the 750 sat range. This is the .618 retrace zone on the Fib. Additionally, there is a long term support line (Thick Black Line) that starts in May that I expect the price to touch at some point.
*THIS IS...
Update as promised.
REN broke the downtrend that we were stuck in for days. The reversal is clear and points back to old highs and possibly a continuation. This will be updated in two days or so upon confirmation.
Targets are set on the chart.
Happy trading and stay Safu!
REN recently broke out of this downward sloping channel - a Bull flag formation.
It reached oversold levels on the RSI at the same time as hitting 200 support on the EMA (4H)
RSI seems to backtest pretty reliably for REN, and there had also been some bearish divergence on the previous upsloping channel, predicting the downtrend.
I am quite new to TD Sequential and...
$REN / $BTC
~1200sats support didn't hold, confirming the H&S pattern that was identified in a previous tweet.
Now moving lower with increasing volume.
Our first target is at ~1K sats support (Matching .5 Fib level / H&S Height)
Sell signal on the UCTS 8H chart
#REN
Refer to my previous idea copied below.
This is just an update of my previous idea that continues to play out like a playbook. $REN went on a parabolic run, now is facing the inevitable ABCDE correction that I've been calling for days on end.
This project is young and has tons of potential to 10x from here. However, that doesn't mean you should get rekt in the...
$REN / $BTC (unpopular opinion)
Seems it is heading for a new retest of the ~1200sats support after a potential double top pattern
If fails to hodl the support, this can turn bearish really quick
MACD trying bearish cross
RSI bearish divergence
Not bearish but careful.
#REN
update on $REN,
Retesting ~1200sats support in what looks like a H&S pattern
If current level does not hodl, then we will go test of 1K sats support (matchs .5 fib level / H&S height)
Both RSI & MACD are bearish.
Sell signal on the UCTS 8H chart
Stay safe
#REN
REN may see strong resistance (.382 fib level ) at 0.00001399sats.
It may be followed by a deep retrace (-33%) over 10-15 days with support at 0.00000927 sats.
BULLs may show up here, in strength charging to 0.00001845 zone.
