#REN, Can #Ren confirm Triangle Breakout?
Updated
A quick look at #Ren (#RENUSDT, #Binance, 4HR):
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment, or follow me! :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
- There are two way I can look at this chart: A) Ren broke out a descending triangle on March 26; B) Ren broke out yesterday from a triangle. Either ways, price has been ranging since March 26.
- Let's wait to see if the price bounces back from the upper side of the triangle, or for a confirmation of the upper resistance at $1.11-$1.10 flipping into support. If confirmed, we could see #REN finally move higher. If not, price might go back down and find support at $1.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment, or follow me! :)
Thank you and Happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
Trade closed: stop reached
Stop loss was hit. However, who could have escaped a 98% drop from $0.83 to $0.015 in less than a minute. At first, I thought it was a line on the chart that I forgot to delete! I am not sure how that could happen, except an exchange hunting for stop losses... any ideas? Looking ahead, price needs to regain the next resistance into support. One level at a time.
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