Long
RENUSDT Hammer Signal
Hello, dear subscribers!
Our Automatic Hammer Strategy revealed the price movement trend reverse to uptrend.
The technical analysis demonstrates the uptrend, but restricted by the resistance channel. Let's look at the last week price levels. We can see that it found the support on 23% Fibonacci level and resistance on the 38% level. The price recently bounced off the 23% Fibonacci level and the support trend line. This is a strong background for the reverse. The ADL Indicator shows the price uptrend continuation, the Stoch RSI demonstrates that the RENUSDT is oversold and the bullish activity will increase soon.
We expect the 4.0% price growth from 0.31915 to 0.33191. The alert was automatically executed by SkyRock Signals trading bot.
Our Automatic Hammer Strategy revealed the price movement trend reverse to uptrend.
The technical analysis demonstrates the uptrend, but restricted by the resistance channel. Let's look at the last week price levels. We can see that it found the support on 23% Fibonacci level and resistance on the 38% level. The price recently bounced off the 23% Fibonacci level and the support trend line. This is a strong background for the reverse. The ADL Indicator shows the price uptrend continuation, the Stoch RSI demonstrates that the RENUSDT is oversold and the bullish activity will increase soon.
We expect the 4.0% price growth from 0.31915 to 0.33191. The alert was automatically executed by SkyRock Signals trading bot.
Trade closed: target reached
Despite the BTC price high volatility, the RENUSDT price reached the target in 7 hours. Congratulations to our subscribers!
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Trade smarter with:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.