Hey guys,
I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical.
As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade.
Arguments:
-Correction completed ABC where C = 1.618 of A.
-Correction completed .702 retracement reached for a 2.
-Bullish divergence of RSI.
-Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD.
-Signs of correction being over on BTC as well to kickstart everything.
As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical.
As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade.
Arguments:
-Correction completed ABC where C = 1.618 of A.
-Correction completed .702 retracement reached for a 2.
-Bullish divergence of RSI.
-Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD.
-Signs of correction being over on BTC as well to kickstart everything.
As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.