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: TradingViewThe weekly price chart of REN/USD has a symmetrical triangle. Source: TradingViewMany years of transaction volume and total value history are locked in RenVM. Source: Highcharts.com
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