REN recently broke out of this downward sloping channel - a Bull flag formation.
It reached oversold levels on the RSI at the same time as hitting 200 support on the EMA (4H)
RSI seems to backtest pretty reliably for REN, and there had also been some bearish divergence on the previous upsloping channel, predicting the downtrend.
I am quite new to TD Sequential and...
A descending triangle is forming on the hourly charts but the volatility of the market creates some ambiguity in the readings.
Another price drop is highly likely if the bears can push down below the descending triangle with a high volume.
11-12k would provide a great buying opportunity for those who missed the previous bull run.
Personally, I use Tone Vay's...