Ren protocol [REN] support & Break-out setup
Hi everyone,
As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation.
When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this.
Strong fundamentals:
> Ren getting to the Greycore
> Partnership DigiByte (DGB) through LinkSwap bridge
> Partnership PlasmaFinance
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
🌜 Please like and leave a comment 🌜
This is not financial advice
As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation.
When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this.
Strong fundamentals:
> Ren getting to the Greycore
> Partnership DigiByte (DGB) through LinkSwap bridge
> Partnership PlasmaFinance
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
🌜 Please like and leave a comment 🌜
This is not financial advice
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.