short REN
HS pattern was formed and its neckline is penetrated as well as retested, 200ma is also penetrated which is not a good sign for an increase in price. it is expected for the price to go lower for the following reasons
1) HS pattern formed and neckline retested.
2) 200ma is penetrated.
3) BTC is pretty bullish which can very much lead to a fall in the price of alt.
expected correction and stop-loss are marked in the chart.
Put your stop loss because as the whole crypto market is very bullish going against the trend can hurt.
If you have a different opinion let me know.
1) HS pattern formed and neckline retested.
2) 200ma is penetrated.
3) BTC is pretty bullish which can very much lead to a fall in the price of alt.
expected correction and stop-loss are marked in the chart.
Put your stop loss because as the whole crypto market is very bullish going against the trend can hurt.
If you have a different opinion let me know.
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