hi dear traders. Doge breaks down the range area. Please note that the Dodge coin does not have a strong support area down to the 0.05 to 0.08 range area. this range area can be the next stop.
Bytom has a descending wedge pattern. On the other hand in the Renko chart, we can see a range area which can be an accumulation area. We can detect positive divergence on the RSI
Hi it seems BTC is ready for breakdown of the range area support line. Momentum indicators indicate a potential downtrend. To confirm breakdown, wait for Bitcoin to leave the range area with at least 2 bricks.
Hi Bitcoin is declining towards its support in the range area. If it breaks down the support at 45899, the next target will be $ 35,000
Hi I want to analyze the Crypto Index chart. First, let look at the weekly candle chart.CIX is now above the POC support line. It seems the Valid support line is about around 273,000. Renko Chart: CIX is in a range area. If the CIA breaks down the range area, the first target will be 264,000. If the CIA breaks up the area, it could be an early sign of an uptrend.
DGB is in a range area. It has lost more than 80% of its ATH price. 50% buy can be done at this price. There is a possibility of price reduction up to 0.023. If the price is reduced to that range, another 50% can be purchased.
Bal is in an accumulation area. it seems Bal is preparing for an uptrend
This simple Renko chart on NQ100 is used to gauge next day sentiment prior to major announcements. I view it around 11 p.m., and if the Renko Bar changes color, that's a pretty good indication on how the market will open. Of course, this chart should be used in connection with other bias indicators to confirm direction. Simple is sometimes best!
I introduce the RENKO - RSI Merge feature. I am very happy about this as it solves draw down problems as well as sub-optimal entries after oversold or overbought conditions in a long/short trend.
I answer several questions by folks that are trying a demo of the strategy and companion indicators. This strategy has excellent backtest performance on $BTCUSD, $LTCUSD, $EURUSD, $GBPUSD, DJI/NDX100/SPX500 futures. RSI-RENKO Strategy . Renko Trend Momentum Indicator.
This 1D BTCUSD chart is based on Renko Candlesticks, the CM_Trendbars, 4 EMA (9,15,21,55) and a custom DMI. Renko Chart patterns come from Japan, and they apparently mean 'brick'. They are a cousin of the Heikin Ashi candlestick patterns, using weighted calculations of the OHLC (open, high, low, close) but without the time. Renko candlesticks are now well know...
Buying Volume and Higher Lows on 1H and 4H Renko chart.
A bullish divergence (MACD) and buying power on Daily Renkochart, big trend reversal is coming. Falling wedge, watching for the price to move above the upper trendline