Ren Prediction for Today, November 14: REN/USD Retraces $0.093
Ren Prediction for Today, November 14: REN/USD Retraces $0.093

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Ren Prediction for Today, November 14: REN/USD Retraces $0.093

The bearish value reversal began when Ren bulls marketplace hits $0.14 resistance. And the craze was once with very robust strikes. On the other hand, the undergo marketplace fails to move during the bullish give a boost to at $0.08. At this stage, the purchasing may be very robust. However the drive that was once at the back of the bearish pattern may be nonetheless robust and as a result of this, a decrease resistance is shaped at $0.094, close to the give a boost to stage.

Ren Marketplace Value Statistic:

  • REN/USD value now: $0.089
  •  REN/USD marketplace cap: $78,056,530
  •  REN/USD circulating provide: 999,037,500
  •  REN/USD overall provide: a million,000
  •  REN/USD coin marketplace score: #192

Key Ranges

  • Resistance: $ 0.09, $0.10, $0.11
  • Fortify: $0.07, $0.06 $0.05

Ren Marketplace Value Research: The Signs’ Level of View

The bearish pattern was once in a position to relatively spoil the tough give a boost to, however they didn’t pass a long way prior to the bulls have been in a position to recuperate the associated fee. And because the value rallies again upward, the marketplace is again on the $0.094 resistance stage. There may be, recently, a combat between call for and provide at that $0.094 resistance stage. The decrease band of the Bollinger strikes to the drawback. And the 2 transferring averages also are transferring to the drawback. They’re responding to the present value behaviour. Because the bearish resistance proves robust, there are two chances. The marketplace might proceed to move the bearish means or the associated fee might pass into a worth consolidation pattern. 

Ren Prediction for Today, November 14: REN/USD Retraces $0.093

REN/USD 4-Hour Chart Outlook

 The one bullish 4-hour consultation in nowadays’s marketplace (up to now) is the second one 4-hour consultation. There was once huge purchasing on this consultation, however at $0.094, some investors have been taking earnings whilst some are nonetheless keeping on. Now it sort of feels just like the bull marketplace is changing into susceptible. The RSI indicator portrays the marketplace on the midpoint of the indicator, between the bulls marketplace and the bears marketplace.

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