REN
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REN USD levels and trend lines

REN broke out of the ascending wedge pattern on the 4 Hour and is hovering around the .618 fib level, which forms the top of the wedge.

If this area holds (3.4-3.5), we should see the next levels on the fib retrace as targets for resistance and support ~ .38 and .42 respectively.



We are seeing a heavy correlation with bitcoin right now, so be sure to pay attention to BTC.


Not
I posted an update of this chart - see the page for it, yo!
Not
Reached the first target of .382 at the .786 Fib retracement level!

This level should become support, next stop .422

Feragatname

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.