We are currently in the accumulation area for REN against BTC.
Here I see a potential inverted HS or breakout trade.
It doesn't seem REN making big moves yet but its one to keep an eye on as REN against USDT is slowly getting there.
All the best,
- REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the...
- REN/BTC is bounded in the descending triangle pattern.
- Price is testing the descending triangle's horizontal support.
- The swing downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- Price action is printing the inverse head and shoulders pattern.
- The inverse head and...
Welcome back Traders, Investors, and Community!
RENBTC After breakout it is expected to go up
⬆️Buy now or Buy at 0.00000965
⭕️SL @ 0.00000850
✅TP1 @ 0.00001240
✅TP2 @ 0.00001560
✅TP3 @ 0.00002099
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍...
Considering ren/btc pair was topped out on august 2020 that heavy correction is ended. Rsi falling resistance line has already been broken. Orange channel support worked nicely and yellow falling wedge is broken as well. Once we see 1443 sat level been broken to the upside that we might see substantial move.
After a 5 months of accumulation, REN/BTC is ready to the moon in this bullish run.
The targets (Red Lines) the resistance and support lines are on the chart.
Like the idea, press the like button.
Not Financial Advice.