RENBTC
Today`s ALT!!! RENBTCBINANCE:RENBTC
Exchange : Binance
Coin: RENBTC
Buy Zone: 0.0000072~0.0000068
Target Point: 0.00000745 / 0.00000785/ 0.00000865/ 0.00000915/ 0.000001
S/L: 0.0000064
Risk: HIGH
Term: Middle
It`s going on Elliot 4 Wave
4 Wave have stop at 618 Fibonacci Retracements of 3 Wave
The Volume is almost down, it`ll start 5 Wave !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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REN/BTC | Symmetrical Triangle..!!REN/BTC | Symmetrical Triangle..!!
Forming Bullish Symmetrical Triangle Pattern in 8hrs Chart..
Volume is Coming & Indicators Are Turning Bullish As Well ..Expecting Breakout..!!
Grab Some With Low Risk..
15-20% Profit Expected in Next 4-5 Days
Please, give us your opinion in the comments.!!
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The information given is never financial advice. Always do your own research.
RENBTC Major Resistance Broken|Key Support Tested|Continuation?Hello Traders!
Today’s update will be on RENBTC , bearish divergence into daily support, which held successfully, will we see a continuation in this bull trend? Volume needs to sustain otherwise a break of daily support can come to fruition…
Points to consider
- Trend bullish on 240 timeframe
- Major daily support tested
- Structural resistance in above red zone
- EMA’s giving price resistance at current given time
- Stochastics projected upwards
- RSI bouncing of local support
- Volume needs to sustain
RENBTC has broken a very key structural resistance level which now has held support (S/R Flip) upon a bearish divergence coming to fruition, a correction was required. The trend overall is bullish after consecutive higher lows being in place, the most recent potential higher low comes to fruition due to heavy technical confluences from the .38 Fibonacci level and the daily support.
Structural resistance for REN is in the upper red region, the VPVR shows a steady decline in transactions towards that resistance. This tells as that if price sustains above current support, then bulls are more probable to reach next resistance zone (red box) due to the lack of transactional resistance being provided by the VPVR…
The EMA’s are currently giving price resistance as it recently crossed bearish , price needs to break above to eclipse local highs, this will then give the EMA’s a more bullish bias and support price in continuation of the bull trend.
Stochastics are currently projected upwards; this tells us that there is stored momentum for a continuation. The RSI is currently bouncing of support after converging from price ( bearish divergence). It needs to break the down sloping resistance when it gets closer to its apex…
Volume is very key here; we need to see a sustained increase in bull volume after this major structural resistance break to ensure that we are not in a false break. If price fails to hold above, then the whole market structure will be negated…
Overall, IMO , REN has a good chance of continuing this bull trend; my only emphasis will be on volume , which has to increase to eclipse local highs…
What are your thoughts on RENBTC?
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And remember,
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
$REN Reached ~640sats on its way up following Alts market...$REN
Reached ~640sats on its way up following what most of the Alts market is doing
If it manages to hodl & flip this level into support we may see a new leg up with target at ~800sats (another 25%)
UCTS Buy signals across every TF (1D & below)
RSI at overbought (bullish)
#REN
RENBTC formed bullish BAT | Upto 12% expectedPriceline of REN / Bictoin has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000686 to 0.00000654
Sell between: 0.00000694 to 0.00000737
Enjoy your profits and regards,
Atif Akbar (moon333)
REN breakout ?Price Action(PA): REN closed above EMA 21,50,100,200 Strong Uptrend. Break up Ascending trianlge up (bullish pattern).After that hold above EMA 21(white line).
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Overbought level. With entry safer wait at correction to 565 price level.
Volume increased and confirm bullish price action.
S/R: Support at 477 sats 0.5 fibs level and 530 sats, Resistance at 740 sats.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.