#REN/USDT BUYING SETUP (Swing) $REN Retesting resistance become support after breakout Inverted HNS Bullish pattern . Daily close before is Doji candle if REN next candle with Green candle potential continue upward movement . Buy with money management Entry : 0.1657 - 0.15 - 0.135 Target : 0.1864 - 0.2119 - 0.2420 - 0.2751 - 0.3098 Stop : 0.125
Ren (RENUSD) almost hit today its 1D MA200 (orange trend-line) and instead of breaking it (would have been the first time since December 27 2021), it got heavily (so far) rejected to a point that the 1D candle is flat. This is far from an ideal sign, especially since the rejection also took place a few points below the October 05 2021 Lower Highs trend-line, as...
Hello colleagues The chart gives us an example how works the Thomas DeMark strategy and strong signals from the ATS.
Pattern: Ascending H&S on 1D. Signal: Bullish as long as the Higher Low trend line holds. Target: 0.000011 (symmetrical Resistance).
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.