If it breaks the resistance it will go bonkers and reach the .60 levels easily. REN is a major actor in the DeFi space. After the success of Aave, Snx, Maker, Rune, and much more, REN did not make a significant boost. It's time is due ! Really bullish In the worst case scenario, you would hold your bag for not much longer before it pumps ... Long...
These are the appropriate level exits for the next run of one of the biggest actor in the DeFI space. Theyre focused on bringing interoperability between Bitcoin to Ethereum network.
After low momentum and low volatility. The green candlestick might suggest an entry possibility. The price breaks the 20SMA and touched the outer band. The hammer doji, confirms a possible reversal trend after long consolidation phase and following a downtrend confirmed by the coronavirus fear. I would however wait for a breaktrhough of the RSI resistance line,...
I think that there is a buying opportunity at 15.50 and a bit lower (pointing at the fib)