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 active

Note

Support on past resistance confirmed.

Note

Been informed Binance will be delisting this token causing speculators to show themselves and sell.
Don't think this announcement will end the speculation, however.
Price action recently broke out from resistance with a 2800% print from current levels forecast.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: