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REN / USDT 4hour and daily timeframes
REN / USDT has respected the lower trend line of this long term bull pennant, having tested it and found support. Another retest or continued rising price action may indicate that it has bottomed out. The same trend line applies to a smaller pennant on the 4 hour time frame, and price action is reaching the tight end on both pennants. One to watch, and an opportunity for an agressive entry if this trend line support continues. The Stochastic has just ticked up on the 1hr and is about to on the 4 hr. The RSI on the 4 hour has ticked up, and there is plenty of room upwards on both 4 hr and 1 hour.
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