So, it looks that most of the coins which pumped in January are setting up to pump again in this period. At least those I'm stumbling into.
REN had a great run since end of December and now it looks at the end of this falling wedge, this looks clearly into a reversal (already started). If BTC doesn't mess up the market it should break out soon, however ADX+DI shows that the momentum is uncertain so I would suggest to enter only 30% now and wait for price to test 1.11USDT. Afterward, if it keeps going up you can buy the rest.
Very often wedges get retested after the breakout, I've a feeling this will. I might be wrong but this is my feeling. Stop loss is the bottom of the wedge and the maximum target is on the chart.
REN had a great run since end of December and now it looks at the end of this falling wedge, this looks clearly into a reversal (already started). If BTC doesn't mess up the market it should break out soon, however ADX+DI shows that the momentum is uncertain so I would suggest to enter only 30% now and wait for price to test 1.11USDT. Afterward, if it keeps going up you can buy the rest.
Very often wedges get retested after the breakout, I've a feeling this will. I might be wrong but this is my feeling. Stop loss is the bottom of the wedge and the maximum target is on the chart.
Comentário:
REN broke out at 4h and now is about to retest the triangle. Wait for confirmantion of an uptrend before making moves and check my former TA