ANALYSIS 🔎
- REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (@0.00003350).
- Horizontal resistance level (@0.00004975).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@0.00000863).
- REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (@0.00003350).
- Horizontal resistance level (@0.00004975).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@0.00000863).
