Priceline of REN / Bictoin has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000686 to 0.00000654
Sell between: 0.00000694 to 0.00000737
Enjoy your profits and regards,
Atif Akbar (moon333)
Price Action(PA): REN closed above EMA 21,50,100,200 Strong Uptrend. Break up Ascending trianlge up (bullish pattern).After that hold above EMA 21(white line).
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Overbought level. With entry safer wait at correction to 565 price level.
Volume increased and confirm bullish price action.
With the upcoming launch of Main Net Beta end of Sept and REN Roadmap, I believe we could be reversing this long and painful distribution/downtrend.
Potential buy area :
478 - 500 SATS
TP 1 : 636 Sats
TP 2 : 893 Sats
Stop Loss :
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.
This REN setup looks incredible right now. This support line has been tested 3 times in since late May. Each time price has touched the line or come very close, price has spiked 95%/143%/131%. A lot more people know about $REN now and are aware of its pumping ability. 130% price target from here is more than reasonable. If history repeats itself. 812 sats is a big...
By the grace of Allah the most high my previous chart of RENBTC:
Gave more than 171% profit.
Now again the priceline of REN / Bitcoin cryptocurrency has formed a bullish gartley pattern.
We have a 50MA support within the potential reversal zone and the price action...
The background of this project is ok, merely because you need to know that your $ren tokens (100k) have the real use case and while other investors are looking on sh_t coins/tokens, you as the Ren Hodler will have the real store of value in your wallet, but the best place for them is own Darknode.
Good luck, guys. You know, market knows, where is the money.