REN/USD Long
REN here looks primed for a move upward
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
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