REN/USD
This chart on REN/USD focuses on moving averages and volume. I outline how the moving averages/volume are similar to a previous move that already took place. I attempted to simulate what I believe could be coming in the near future by recreating the pattern I was able to identify. With the recent price movement I expect a healthy retrace and outlined 3 possible levels of support (green) to look out for if REN ends up correcting. Once we go through this correction I expect for us to pass through the line of resistance drawn out (red).
I am posting for feedback on my ideas to learn and improve my TA. I am NOT a financial advisor and I suggest everyone does their own research before investing in anything.
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Thanks!
I am posting for feedback on my ideas to learn and improve my TA. I am NOT a financial advisor and I suggest everyone does their own research before investing in anything.
Please like, comment and follow.
Thanks!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.