REN has had a lot of attention recently being one of the cryptocurrencies that seems to be moving on its own, instead of moving along with other alts or Bitcoin. This to some may show that the coin has a fundamental value and is not just another alt being pushed along. Currently there seems to be a very good opportunity to purchase some REN as it is bouncing along a lower resistance line, and has the potential to bring 20-40% in return, with the risk of a 2-5% stop loss limit trigger on the other side. Based on previous trends and the fact that there has been a recent increase in volume over a larger basis in the coin I am more inclined to believe that the coin will have at least one more leg up before deciding to have a slightly more lengthy correction. Have a great day all invest at your own risk :)
Commentaire:
We broke under the line, but with no solid moves in volume the trend is still not broken.