As we can see the weekly stock Rsi has cooled off, and now a third potential run is coming along with the bullishness of the whole crypto space.
The previous two breakouts exceeded all expectations and gone even beyond our Fib target, for this one i expect a 200% increase in the coming months.
It's a bit weird because both wave 2 and 4 were deep.
Correcting in the .786 area would take us into Wave 1 which is highly unlikely. This adds to the confluence of this being a reversal. My SL would be placed below the .786 region if I were to enter.
Hi to all,
REN is moving around its major support level after the BTC correction. We can try to long it from here. Targets are on the chart.
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Bought REN's blood several days ago during the SoW period (Wyckoffian for "Sign of Weakness") and since that time a few accumulation spikes have popped up, alerting me to a possible pump occurring within 24-36 hours. I didn't go as far as I could with the Fibonacci extensions on this one; gonna see first if it makes it to the 2.0 before distributing. If it...