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Ren (RENBTC) Chart Analysis
Privacy altcoins/token are pretty famous within the cryptocurrency community, and that's because we beautiful and smart people love privacy but this is not why I am sharing it, as you might know already, I focus mainly on TA (technical analysis), so let's look at the chart and see what we've got.
12H Chart:
Looking at the chart above, I couldn't fail to notice how well the 0.00000444 level has been holding RENBTC price.
Now, this isn't enough to signal an upcoming bullish move, as a support can become weaker each time that it is tested, but in this case, we also have bullish divergence on the MACD and RSI, which tells me that a bounce might be coming.
This is also a low volume token on Binance, which is another strange find.
Very likely close to the bottom, low volume, privacy coin, and bullish divergence; now these are enough signals to pick my interest.
On the daily time frame we have a falling wedge pattern, which is bullish, as well as a bullish crossover on the MACD.
The weekly time frame is showing a double bottom.
This might be a good one in the future...
BLESSINGS FROM THE MOON
The moon shines bright, when it is high in the sky.
The moon might seem strange, it has a role to play.
Again, it's strange, but you are out today.
You might not know, yet your body moves alone.
Feelings are running high, emotions come to the front.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.