As I expected before for RENUSDT in the past analysis ,it was be able to grow up and almost hitted my Target according to my prediction ðŊ more than 600 % profitð°
so now!
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ðTechnical
As you can see on WEEKLY timeframe it has been declining in a wide range channel , that now it is trading in pivot zone, so if it lose this zone it will go down to the bottom of the channel and even lower support levels and if it go up of this zone with good enough volume as confirmation it will reach the top of the channel again ,but as always it all depends to crypto market condition and there is the possibility of further fall right now as much as in can grow up if we see bullish signs in the crypto market again , but in order to have any bullish rally it needs to break out the descending trend line of higher line of channel and go up the resistance zone .
ðresistance level: $0.94- $1.07 /// upper trendline of channel
ðpivot zone: $0.28 - 0.38 $
âïļsupport levels: $0.2181 , $0.1336, $0.0713 /// lower trend lines
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ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're a fan of my analyses PLZ follow me and give a big thumbs ð OR drop comment ðŊð
so now!
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ðTechnical
As you can see on WEEKLY timeframe it has been declining in a wide range channel , that now it is trading in pivot zone, so if it lose this zone it will go down to the bottom of the channel and even lower support levels and if it go up of this zone with good enough volume as confirmation it will reach the top of the channel again ,but as always it all depends to crypto market condition and there is the possibility of further fall right now as much as in can grow up if we see bullish signs in the crypto market again , but in order to have any bullish rally it needs to break out the descending trend line of higher line of channel and go up the resistance zone .
ðresistance level: $0.94- $1.07 /// upper trendline of channel
ðpivot zone: $0.28 - 0.38 $
âïļsupport levels: $0.2181 , $0.1336, $0.0713 /// lower trend lines
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ðThis analysis is my personal opinion ,not a financial advice ,so do your own research.
ð if you're a fan of my analyses PLZ follow me and give a big thumbs ð OR drop comment ðŊð
