#REN/USDT has been pushed back from the falling wedge resist | Crypto Revolution Masters on Binance Square

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Crypto Revolution Masters

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#REN/USDT has been pushed back from the falling wedge resistance🔻
It might test the support again before climbing higher📈
If it breaks through the pattern's top line, we could see these targets: $0.05504, $0.06763, and possibly $0.08500 in the longer term🚀

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REN

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+3.48%

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#BTC/USDT ANALYSIS After breaking out of the descending triangle pattern, the price is now attempting to break through its horizontal supply zone. The 200MA is providing strong support, while the Ichimoku Cloud above the triangle is indicating bullish momentum. A solid breakout of the supply zone, followed by a successful retest, could trigger a significant bullish rally in the market.

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Folks pay attention to $SEI

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The weekly chart of CGPT reveals a clear five-wave structure in line with Elliott Wave Theory. According to this pattern, CGPT is currently positioned at the cusp of the final, or fifth, wave of upward movement. This fifth wave typically represents the last phase of a bullish cycle, signaling the culmination of a broader trend. Once this wave completes, a significant global reversal is anticipated, potentially marking the beginning of a corrective phase or downturn. The chart highlights the critical moment we're in, as investors closely watch for signs of this impending transition. #CGPT

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