Long
Ren/usdt bullish breakout
Ren/USDT is about to make a massive move to the upside.
It’s last run was 2000% before pulling back roughly 60%.
I plotted the same measurement on the recent pullback and is roughly 60% as well, if it replicates the same move in the coming months we could see Ren/USDT hit $3.5.
We can see clearly that its formed a beautiful Bull pennant, which has now broken out to the upside.
If you look at the daily its also printed a clinical Cup&Handle Pattern.
This will be a potential 8.75x return from current level to $3.50
It’s last run was 2000% before pulling back roughly 60%.
I plotted the same measurement on the recent pullback and is roughly 60% as well, if it replicates the same move in the coming months we could see Ren/USDT hit $3.5.
We can see clearly that its formed a beautiful Bull pennant, which has now broken out to the upside.
If you look at the daily its also printed a clinical Cup&Handle Pattern.
This will be a potential 8.75x return from current level to $3.50
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