Cryptocurrency analyst Pentoshi shared the altcoins that have a bullish potential when their technical charts are examined.
Posting to his 285 thousand followers, Pentoshi said that the REN, which he examined in both USD and BTC parities, is in an upward trend and added:
“I had been waiting for a retreat for a few days. Finally happened. It looks incredible in terms of market structure.
LTF/HTF (low timeframe/high timeframe) parabola generation. and HH + HL (higher highs + higher lows) are available on the chart. These are exactly what you want to see, so REN $1.34 is targeted.”
Indeed, it seems that REN has made a nice parabolic move in BTC and is advancing faithfully.
Referring to another altcoin after REN, the analyst named Cosmos (ATOM) and made the following statement:
“A long-standing resistance has been broken on the ATOM/BTC chart. In the USD parity, the previous high has now turned into support. In this context, I think the target in ATOM will be the $68-$70 range.”
He also noted that the key support area for ATOM is $29.45.
*Not investment advice.