THELOGICALINDIAN - Ren is authoritative able assets on testnet anticipation
Fundamental Analysis
Ren is accepting drive above-mentioned to the barrage of RenVM Testnet. The aggregation has spent a ages absorption on convalescent its adherence and is accepting abutting to the absolute release. This is an important anniversary for the project, back it puts it afterpiece to the barrage of RenVM Mainnet.
Ren / Bitcoin Short-term amount analysis
Ren has a bullish concise trading angle adjoin Bitcoin, with the REN / BTC brace advancing to a new best amount high.
The four-hour time anatomy shows a alternation of invalidated arch and amateur patterns, with the REN / BTC brace already accomplishing its bullish abolishment target.
Technical indicators on the four-hour time anatomy are bullish and abide to affair a buy signal.
Pattern Watch
Traders should agenda that a abstruse alteration may action now that the REN / BTC brace has accomplished its upside cold in the short-term.
Relative Strength Index
The Relative Strength Indicator on the four-hour time anatomy is bullish, although it is trading in acute overbought territory.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bullish and continues to accomplish a able buy signal.
Ren / Bitcoin Medium-term amount analysis
Ren has a bullish medium-term angle adjoin Bitcoin, with the REN / BTC brace assuming a above abstruse blemish on the circadian time frame.
The circadian time anatomy shows that the contempo beforehand in REN / BTC brace has created a ample astern arch and amateur pattern, with the cryptocurrency now trading aloft the neckline of the bullish pattern.
Technical indicators on the circadian time anatomy are bullish and abide to accomplish a buy signal.
Pattern Watch
Traders should agenda that the all-embracing ambition of the bullish arrangement on the circadian time anatomy would add added than seventy percent to the amount of the REN / BTC pair.
Relative Strength Index
The RSI indicator is bullish on the circadian time frame, although it is starting to arise overbought.
MACD Indicator
The MACD indicator is bullish on the circadian time anatomy and is breeding a able buy signal.
Conclusion
Ren has enjoyed eight after canicule of trading assets adjoin Bitcoin, with the REN / BTC brace advancing to a new almanac best trading high.
The anew created bullish arrangement on the circadian time anatomy is admonishing that the REN / BTC brace could abide to accomplish abundant assets over the medium-term.
