En iyi yazarlarımızdan REN/BTC hakkındaki en yeni fikir ve tahminleri inceleyin - yazarlarımız öngörülerini ve piyasanın teknik görünümünü paylaşıyorlar. TradingView UK. View live Ren / TetherUS chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Biểu đồ, dự báo và ý tưởng giao dịch từ trader Ren_Trader. Nhận thông tin chuyên sâu độc đáo về thị trường từ cộng đồng các trader và nhà đầu tư.
Ren btc tradingviewRENUSDT Charts and Quotes — TradingView — UK
As previously mentioned on twitter I believe the down move began with a head and shoulders and daily bear div. Price ultimately fell well below this area into the. Source: TradingView. I clearly targeted the low 0.
The white descending line on the daily chart was my main area of interest for an entry. I viewed this as a clear break of the sustained downtrend. Previously, REN price bounced out of a strong demand area seen on the chart below on the daily chart, formed above the all-time low of. The move up from there caught my attention, and would be viewed as a potential entry for traders with a higher risk profile.
I was still not interested in trading the coin without confirmation of a reversal to the upside — a break of the descending line.
Price also formed a potential double bottom at. A double bottom is confirmed when the neckline the highest swing point between the two bottoms is broken. I love trading a retest of this line, so I added to my position at. Bitcoin made a sizable move to the upside, causing a drop in most altcoins. A majority of the time, this signals a local top, if not an end to the entire move up. I have moved up the stop loss on the rest of my position to just below the pink line at.
There is a potential hidden bullish divergence forming, which would be invalidated at that point. Further, that line is a clear area of support that bulls would like to see hold.
I took a swing position in Bitcoin, i. The premise for the trade was that I saw a nice 4-hour candle with a large wick down, which made a clear descending channel. This candle was shaping up to be a nice reversal. Combined with the descending channel and the significant bullish divergence with the RSI, I was confident that price would rise. The RSI was historically low on the first drop, hitting 4. A bounce was somewhat inevitable. Bitcoin price made a move above the equilibrium dashed centerline of that channel, and broke out, bullishly retesting resistance as support.
Although price dropped once more, I did not exit the trade, because I saw another bullish divergence with RSI forming on the daily chart. It successfully retested this area, so further price appreciation is likely. I will keep you updated! The views and opinions expressed here are solely those of the scottmelker and do not necessarily reflect the views of Cointelegraph.
Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by HitBTC exchange. Article source. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility.
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