It's getting ugly up in here. I would slowly buy in between 730 and 776 sats (blue box), where support is. Until then we are still continuing to descend down. Even with the buy, we still need to see if there is convincing breakout (with volume). Stay tuned.
Quant has been in a 7 day accumulation phase. Fundamentally, this is one of my favorite coins. The CEO, Gil, has been dropping big hints of news left and right. I believe this is the LAST chance we will get to accumulate in this range (blue box). I estimate there will be just one more week left at these prices. Do not be left behind.
UPDATE: The next H4 candle did not close above 890. We need to remain between 862 (bottom pink line) and 890 for me to remain bullish on $Ren. Remember that accumulation below resistance is bullish.
If we drop below 862, it looks like we will continue our descent down.
$Ren just broke out of the descending wedge. With considerable volume, and MACD crossing very bullish. This may be the start of the reversal. Resistance is at 890. If it flips 890 into support, watch out. Ren is known to go #parabolic :)
Team - we are looking at another pumpy Binance IEO coin here. It broke out of the yellow diagonal resistance, and now is being supported by the green diagonal support. Just like the other Binance IEOs (MATIC, ERD, and a non Binance IEO Dusk), this one will give solid 20% gains as long as BTC behaves
Just like all recent Binance coins which have pumped hard in the last week - MATIC, DUSK, ERD - I fully expect FET and CELR to be next. All of their charts look similar. FET typically doesn't pump as hard as the others, but should still see a nice 20% relief pump. Send it!
Hold Ren and be patient. I fully expect it to get back to 1000 sats soon. Depending on volume, we can see where it goes next. Check the huge descending triangle. Volume has also been very low on this drop in price. MACD crosses bullish