After the emergence of a bearish trading pattern, the price of REN is at risk of falling by 50% Author: Cointelegraph


The prospect of any (REN) As the classic bearish reversal pattern begins to emerge, its continued rebound to new highs seems very slim.

Dubbing Head and shoulders, When the price forms three peaks, the setting appears, the middle peak (called the head) is longer than the other two peaks, called the left shoulder and the right shoulder. The bottom of these peaks is supported by the neckline.

Illustration of head and shoulders pattern.Source: Corporate Finance Research Institute
Contains daily price charts set by H&S. Source: TradingView
The weekly price chart of REN/USD has a symmetrical triangle. Source: TradingView
Many years of transaction volume and total value history are locked in RenVM. Source: Highcharts.com