BNB breakdown the range area. All Renko brick indicators confirm the downtrend.
BC/BP preparing for a downtrend. we can see a negative divergence in the Renko chart
BTC is forming a bearish triangle. bearish triangle usually breakout to the downside
DogeCoin has returned to the Range area after its breakup. This is not a good sign for Dodge coin and could be the first sign that the downtrend is continuing. If this trend continues, the first target will be $ 0.13
Daily Renko moves very slowly but produces an equally accurate signals. What do you think? And would love to discuss renko charts if anyone uses it. DISCLAIMER: This is my own setup and please trade based on your own decision.
My initial thought here is that we need to push through previous reversal bricks to eliminate retesting Aug lows before the parabolic run. I have mostly stayed out of leveraged positions during this chop and I am patiently waiting for more conviction. I will continue to long dark blue reversals and short the dark reds with divergence confirmation. If there is...
I got rid of the noise by using Renko bars and saw a potential Bear Expanding Triangle in development. An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because...
This is just an analysis and probability. in the Bitcoin Renko model. Each time A Shape appears like a Reverse hammer at the bottom of the chart. The bitcoin trend has been upward. Each time a Shooting Star appears on the floor of the chart. Bitcoin trend has been declining. Sometimes a Hammer appears at the bottom of the chart after the Reverse hammer And bitcoin...
USDJPY is giving a positive signal for long position for the next 24-36 trading hours and I am expecting it to hit the resistance level of 110.70 within this period of time. As per my Renko strategy the green bar is above 10 MA and the OBV pointed up. RSI and Stochastic also rising from the oversold position upwards, which is a great confirmation for Buy. Stay tuned guys!
Target: 64000 $ Now: 59000 $ Support: 44000 $
Renko box size = 0.75
Getting ready to cross the SMA10 on the Renko chart, having OBV trending down. Once SMA10 is crossed and OBV continues down, there will be great short opportunities. About Renko Charts A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is...
Exceptional OBV uptrend can rocket RSLV cross the SMA10, towards CAD 2.35. Looking forward to your feedback. About Renko Charts A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks,...
Slowly crossing up the SMA10 and OBV showing a light uptrend. If volume picks up, the uptrend can be confirmed. All starting to look good with potential at CAD 0.57 level. Don't ask me when, Renko doesn't give such answers :-). Looking forward to your feedback. About Renko Charts A Renko chart is a type of chart, developed by the Japanese, that is built using...
Currently waiting uptrend confirmation. As soon as SMA10 is crossed and OBV keeps its vector upwards long postions can be taken. Expect confirmation in the 28-29 range. Looking forward to your feedback. About Renko Charts A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time...
Barrick Gold has room to cross its resistance at $22.90 and continue its down trend to $21.95. OBV continues to go down as well, indicating no reversal at this stage. An uptrend is confirmed as soon as the Renko block crosses SMA10 and OBV indicates an uptrend. Looking forward to your comments. About Renko Charts A Renko chart is a type of chart, developed by the...
ZIL just recently released their Ecosystem Growth Report 2020, which you can read in their website. So amazing, unstoppable ZIL is approaching $0.10 resistance area. But for 2020, I'm looking at 0.618 fib or around $0.15 as possibly closing price. Breakout to this could possibly retest ATH. And more exciting things coming for 2021 that could create new ATH....