Ichimoku analysis of the Renko chart gives a bearish signal. All three conditions are satisfied. 1- There is a red cloud 2- Span legging is under the red cloud 3- A breakdown of the swing pattern has happened This is a bearish signal.
ContextLogic (WISH) share price does not stop recording continuous and severe losses, while WISH share is trading below the $1 level now. While the sharp bearish tone prevails on the stock, as it traded below the short and long-term exponential moving averages. Now, on the Renko chart, and taking into account the previous RSI readings, we can learn that the long...
Bitcoin Sometimes you need to calm down and filter out the noise by... RENKO-charts Every₿ody can see that BTC is at a huge trendline support accumulation 🟢🔴🟢 RT & Follow appreciated 🤗 And tell me your opinion on RENKO-charts dear Crypto Nation 😎 *not financial advice do your own research before investing
Ren day trading volume increasing. we will see if this will have some effect on price action coming time. Small time frame - just for day trader in case volume increase more
In the bull trend Tp1:1680 Tp2:1700 Tp3:1720 ____________ In a bearish trend Tp1:1600 Tp2:1570 Tp3:1520
The Renko Block Chart show us that the double top target 18K reached at 1W TF. It is posible that we can see another one-two red bloks next few weeks. Then reverse up to 32k.
After respecting the 40-brick moving average, Bitcoin returned to the previous swing zone. This is not a good signal for Bitcoin. With this re-entry, the recent price rally should be viewed as a potential upthrust.
BTC respected the moving average of 40 bricks. If Bitcoin reaches the brick price level of $20,900, it re-enters the swing area again. In this case, the recent price rise should be considered as a potential upthrust, and there is a possibility of further price reduction and breakdown of the pattern.
THORChain - Renko chart update The last support line work pretty well - no RUNE has to break the next resistance line Renko-Charts filter out the noise and give a clear TA picture Tell me which Crypto you want to see as a Renko-Chart TA *not financial advice do your own research before investing
On top of the candlesticks we also track Bitcoin using the Renko charting system. This is an update to the trade idea shared July 6. Bitcoin RENKO Buy Signal, Highest Volume Since 2019 BTCUSD Renko 4H We have higher lows ever since the 19-June bottom. Trading volume continues to increase. New green brick laid down, another buy signal. Trading above...
ARRR has yet to go into buy territory. It has gone into the moku cloud, but that does not signify anything yet. This setup is meant to show clear trends, and all we have seen so far is a clear trend down followed by choppiness. If we can get above the cloud, and the cloud turns green, it would be safe to start cost averaging in. For now, the 10SMA has started...
Bitcoin is above the support level of the swing area of previous cycle. It is vital that Bitcoin can maintain itself above this support level . A loss of this support will cause a much larger drop in price
If price reacts positively near the OB level, will take conformation entry
Bitcoin has all the conditions for a downtrend bias in Renko Ichimko's analysis: 1- Red Cloud 2- New Red Brick blow the red cloud 3- Laging Spane below the red cloud
SPX throwbacks to the range area. This currently increases the likelihood that the downtrend will continue. To confirm this, we have to wait for the breakdown the lowest brick in the range area
With the help of Renko charts you can filter out the noise and see a more clear and clean picture. Chiliz is now at a very important support level - will we see huge recovery soon? Give me your thoughts on that chart - do you want to see more Renko analysis? *not financial advice do your own research before investing
As I predicted before, Bitcoin has started an uptrend (possibly short-term): In the Ranko chart, Bitcoin respects the support area of the Ranko MA channel and forms a green brick. The bitcoin target will be the middle line of the channel (33500-34500$)
THORChain RUNE without the noise - good entry points These Renko-Charts are great for more calm and clear view - so we see the potential good entry area and the next support if $2.85 breaks. Do you use Renko-charts dear Crypto Nation? Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do...