REN/BTC
REN is showing signs of strength after the price bounces from the downward trend-line of support at around 420 sats area. REN is painting a potential Higher Low setup and an EMA cross.
The price is currently testing the downtrend of resistance and facing a little hesitation to break bullish. We could see REN consolidate in this area within a week before...
Entry : 0.00000461 - 0.00000413
Target 1 : 0.00000535
Target 2 : 0.00000603
Target 3 : 0.00000714
Target 4 : 0.00000819
Target 5 : 0.00000924
Stop loss : 0.00000405
Risk/Reward : 15%/105%
Do not hurry to buy, the price may go down to good places
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Ren find a top at 25 July 2019.
Since then, it keep going down and down and down.
Even if the fundamental seems strong in ren, this price correction is brutal and it doesn't seem to stop.
If i learn something in those two years of trading, it's to never try to trade against the trend so if you seek a long term entry, i don't believe it's there.
We still have...
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.
