REN - falling wedge

On the above 6-day chart price action has corrected 96% since October 2021. A number of reasons now exist to be bullish, including:

1) Price action and RSI resistance breakouts.

2) Trend reversal.

3) The trend reversal prints on legacy support and resistance. Support is confirmed.

4) The falling wedge breakout forecasts a 1800% move to $1.

Is it possible price action corrects further? Sure.
It is probable? No.

Ww

Type: Trade
Risk: <=6%
Timeframe for long: This month
Return: 1800%

Trade attivo

Commento:

Support on past resistance confirmed.