RENUSD, Daily, The MACD & RSI are shifting positive with bullish, reversal divergence implied on this longer-term, time frame. The downsloping trendline is being broken with these recent candle closes, the first since the April 16 & 17 tweezer top, and this breakout occurs at the 96% retrace from local high. This has reversal written ALL OVER IT. Capital can be reclaimed at the first target, and profits take with additional holdings at the marked Fib levels.
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.