Updated
RENUSDT DB confirmation on breakout
RENUSDT broke out diagonal demand line a few days ago.
Break out has been confirmed 2 times now, the RSI is also showing bullish divergence on the 4H and on the 24H macd.
There is an inverse head & shoulder pattern that can take price up to $1.44
Next target would be the 0.786 at $1.61
No financial advice just my view of the markets.
Break out has been confirmed 2 times now, the RSI is also showing bullish divergence on the 4H and on the 24H macd.
There is an inverse head & shoulder pattern that can take price up to $1.44
Next target would be the 0.786 at $1.61
No financial advice just my view of the markets.
Note
RENUSDT is still looking good after the BTC dip and recovered well.Keep an eye on a channel breakout.
Note
REN was breaking out nice when btc spoiled the party and REN got totally rekt with a liquidation scamwick down to 0.015.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.