Hi followers,
RENBTC Formed great trading setup, after forming a rounding bottom, with higher lows and highs.
The price broke above important resistance area, the retest of the breakout is a safe place to enter the trade.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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ANALYSIS 🔎
- 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...
Hi All,
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.
MACRO Picture
All the best,
S.SAri
REN / BTC coiled up and ready to explode. Many top performing alts had this exact set ip before exploding. expect BTC to chop now and alt ratios fly
trade here : ftx.com
ANALYSIS 🔎
- 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 👍 button. ❤️ Your Support is really...
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.
Great opportunity to Buy REN
Currently we are sitting above the POC *Point of control and
have the 30/50/100/200 EMA underneath us .
Previously this resistance pulled us back beneath the EMAS in which case
we continued to consolidate and now have broken through the resistance .
We are ready for take off provided there is no eratic BTC movements and we...
