En iyi yazarlarımızdan REN/BTC hakkındaki en yeni fikir ve tahminleri inceleyin - yazarlarımız öngörülerini ve piyasanın teknik görünümünü paylaşıyorlar. 🛒 Pair: REN/BTC 🛒 ⏰ /05/31 ⏰ 🕰 21/08/ 🕰 📈 SCALP 📈 Ex: Binance 🛒 Buy 1: - 🛒 👉Sell Targets👈 🎯TP1: 🥉 🎯TP2: DM🥈 🎯TP3: DM🥇 🎯TP4: DM🏆 BONUS ⛔️ SL: TradingView. EN. TradingView. Aug 05, · REN / BTC H4 Chart by TradingView. Pattern Watch. Traders should note that the REN / BTC pair could fall sharply if price falls below the neckline of the bearish head and shoulders pattern. Relative Strength Index. The Relative Strength Index on the four-hour time frame is bullish, although it is starting to correct from overbought conditions.
Ren btc tradingviewREN-BTC — TradingView
REN has been in a clear and sustained downtrend since hitting its all-time high in July. I caught most of the move up and was able to profit, exiting near the top. I had very little interest in trading it again, and consistently posted on twitter why I viewed more downside as likely.
As previously mentioned on twitter I believe the down move began with a head and shoulders and daily bear div. Price ultimately fell well below this area into the. Source: TradingView. I clearly targeted the low 0. The white descending line on the daily chart was my main area of interest for an entry. I viewed this as a clear break of the sustained downtrend. Previously, REN price bounced out of a strong demand area seen on the chart below on the daily chart, formed above the all-time low of.
The move up from there caught my attention, and would be viewed as a potential entry for traders with a higher risk profile. I was still not interested in trading the coin without confirmation of a reversal to the upside — a break of the descending line.
Price also formed a potential double bottom at. A double bottom is confirmed when the neckline the highest swing point between the two bottoms is broken.
I love trading a retest of this line, so I added to my position at. Bitcoin made a sizable move to the upside, causing a drop in most altcoins. A majority of the time, this signals a local top, if not an end to the entire move up.
I have moved up the stop loss on the rest of my position to just below the pink line at. There is a potential hidden bullish divergence forming, which would be invalidated at that point. Further, that line is a clear area of support that bulls would like to see hold. I took a swing position in Bitcoin, i. The premise for the trade was that I saw a nice 4-hour candle with a large wick down, which made a clear descending channel. This candle was shaping up to be a nice reversal.
Combined with the descending channel and the significant bullish divergence with the RSI, I was confident that price would rise. The RSI was historically low on the first drop, hitting 4. A bounce was somewhat inevitable. Bitcoin price made a move above the equilibrium dashed centerline of that channel, and broke out, bullishly retesting resistance as support. Although price dropped once more, I did not exit the trade, because I saw another bullish divergence with RSI forming on the daily chart.
It successfully retested this area, so further price appreciation is likely. I will keep you updated! The views and opinions expressed here are solely those of the scottmelker and do not necessarily reflect the views of Cointelegraph.
Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by HitBTC exchange. Article source. Return on Assets, TTM —. Return on Equity, TTM —. Revenue per Employee, TTM —. Price History. Average Volume 10 day —. Beta - 1 Year —. Price - 52 Week High —. Price - 52 Week Low —. Dividends Paid, FY —. Dividends per Share, FY —. Expected Annual Dividends —. Dividends Yield —. Net Margin, TTM —. Gross Margin, TTM —.
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