Ren Protocol (RENBTC) Holds At EMA100, Long-term Chart

٢٨ ديسمبر ٢٠٢٠

Ren Protocol (RENBTC) peaked in late August 2020 after a massive bull run.

This bullish run printed a total of 1510% in profits.

Now, a strong correction took place for 3.5 months and is likely coming to an end.

We can see that RENBTC went below the 0.786 Fib. retracement level of this last bullish run.

Support was found at EMA100, blue line, where we can see a long lower wick on last's week's candle, and this week we see prices moving up.

If EMA100 holds, Ren Protocol can finally resume its growth.

This is not financial advice.
Thanks a lot for your continued support.

Namaste.