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RENBTC

REN-BTC Greetings, REN coin, in the top 100 cryptocurrencies, at the time of writing the idea 86th place and $150 million daily trading volume, listing on top exchanges. The essence of the project is a tool for defining applications. On the daily chart is already a familiar picture on many altcoins, concave bottom, uptrend, local correction - a falling wedge, now a pullback after its breakdown. Important support to hold the uptrend is the horizontal support zone of 1650 and the uptrend line (green). On the weekly chart you can see that the price formed a symmetrical triangle. Aim to work on the levels shown on the chart, stop if the price gets stuck and it is not bought back below 1650. Always use stop loss, and do not use leverage greater than x3. A trader should always have tomorrow. If you found this information useful, please like it and subscribe so as not to miss anything.
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by Kirill_Gaitan
1
REN.BTC (Y21.P1.E1).Macro.TAHi All, Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met. These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that. Having said that, lets move on. Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it. Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy. So I have stipulated that the current area is sitting below this trend line as its major resistance. I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames. If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list. We also see the fib levels and resistances in confluence. If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested. Depending on the time frame and formation of the price action, we should have a green light or not to enter. This is the spot I will be watching hopefull, not distractted by other charts. From time to time I will update this post with charts and some quick notes. For now, its watching and stalking. All the best, S.SAri
RLong
by ssari
3