$REN - Swing trade set up
Symmetrical triangle formation accompanied by volume decreasing in a similar manner.
Breakout should follow with large volume expansion - ideally a long position should be taken at the swing high point.
Breakout from the triangle could go up or down but this protocol has excellent DeFi fundamentals, so expect up side.
dyor ;)
Breakout should follow with large volume expansion - ideally a long position should be taken at the swing high point.
Breakout from the triangle could go up or down but this protocol has excellent DeFi fundamentals, so expect up side.
dyor ;)
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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.