Renusdt
RENUSDT longWe can see Head and shoulders pattern in downtrend. When the price breaks above the neckline of an inverse pattern it means the prior downtrend is likely over, and an uptrend is underway. It's time to buy. If the price close above 0.1 then we wait for the target #2.
Signals:
MACD line crossing Signal line
Bulish Engulfing 16-18:00 (26.05.)
Broken neckline soon
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REN/BTC (Uptrend continue?: up to 50% profit)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.
#REN | Good MovementEntry : 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/BTC TA Update (Bulls getting ready?)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 it decides to break Higher High.
I'm leaning to the Bulls side if REN can hold this level within 48 hours or more.
RENUSDT formed bullish Gartley | Upto 20% moveWorld's 114th ranked crypto token REN has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look at the dimensions of REN price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.03138 to $0.02967
Sell between: $0.03266 to $0.03590
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
RENUSDT forming bullish Gartley | Upto 20% expectedPriceline of REN / US Dollar is forming a bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.05409 to 0.05129
Sell between: 0.05629 to 0.06155
Regards,
Atif Akbar (moon333)