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Price is rising, we follow the trend in RENUSDT 4h
Technical analysis regarding the price of REN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price is moving in a strong upward trend and, moving away from the Moving Averages of 34 and 89 periods, following the upward trend line.
In my view, it formed a symmetrical triangle pattern (ascending?), To which it was broken and, taking the expansion of the beginning of the triangle and projecting it after the break, we obtain the target that the price may reach.
In such a way, I also have levels mathematically plotted with Fibonacci where I get the channels that the price may reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
The price is moving in a strong upward trend and, moving away from the Moving Averages of 34 and 89 periods, following the upward trend line.
In my view, it formed a symmetrical triangle pattern (ascending?), To which it was broken and, taking the expansion of the beginning of the triangle and projecting it after the break, we obtain the target that the price may reach.
In such a way, I also have levels mathematically plotted with Fibonacci where I get the channels that the price may reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
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