BINANCE: RENBTC
-After the broken trendline of support break down
-The price fell down by -30% its value
-The next major of support is located at 2100 sat range
-This is a previous key resistance before the strong uptrend last August 10
-Let's wait if REN can hit this area of confluence and look for a buying opportunity
**If you like my daily Published Ideas,...
REN/USDT
-breakout and new higher high
-new immediate support at 0.071s
-the cross ultimate indicator flashes a Long signal
-trading priority is to the upside
-the potential target is the swing top at 0.0869s+
-key stoploss below immediate support
REN/BTC
REN is still forming a series of higher lows and manages to get above the 50D MA.
If REN can hold current levels or retest the 50MA as new support.
We could see a potential small rally up to 870 sats and if the downward trendline is broken.
The next upside target is up to 1000 sats, our stop-loss is placed under 600 sats.
