REN is looking great on the 1hr chart. Peeking it’s head out the A-tri, would like to see a 1-4hr close above the trend line & preferably a backtest for confirmation
My dip blackhorse is called REN Longed based on a trend line strong test and respect.
Ren pair looks good. renbtc looks good. ren usdt looks good. if target doesn't reach then THE market is simply WRONG.
REN / BTC is in a rounding bottom formation and currently breaking resistance. USD pair is in a ascending triangle . Both pairs looking great makes me confident this is a strong and great long opportunity.
These are the appropriate level exits for the next run of one of the biggest actor in the DeFI space. Theyre focused on bringing interoperability between Bitcoin to Ethereum network.
Enter on break of the flag and small consolidation outside. Trade with stops.
Who's gonna win? Head And Shoulders or Uptrend's triangle + bullish divergence? Let's vote boyzz...
This pair is printing a bullish channel on 1D since mid September similar to the one it started in mid May. Once the pull back on the 5th leg is completed below the MA50 I am expecting a very aggressive rise towards 0.00001110. The RSI action of the two patterns is also similar.
Quiet possibly that RENBTC will breakout soon. I am watching it on a 1 minute chart and waiting to break the resistance line, then I will buy it.
After broke the trendline, price is approaching to 0.382 fibonacci level. If can stay above of this level i'll label it as wave 2 just before huge wave 3. If can not stay on this level, next support can be considered as 0.236 fib level.
This green box was before a strong resistance zone. Then it became a support zone, it has been tested twice. If it touches this support and holds then I will long REN.
now=0.00001228 target=0.00001473 profit=19% if hold 0.000014 btc then target 2=0.00002235 btc profit=84%