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#REN, Enter now for a potential +34% profit?A quick look at Ren (#RENUSDT, 1D, Binance): According to CoinMarketCap, "Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms." The token bounced back nicely at the 200 EMA during last drop and it's on a steady recovery. Main Points Following the recent dip, the last two daily candles have brought a +15% increase in price, confirming the $0.63 level as support. I expect price to reach previous resistance at $1.04 for a +34% profit at the time of posting. If rejected, Fib retracement levels between $0.86 and $0.76 should offer good support. If not, $0.63 should do. Strategy TP1: $1.04 (I set a more conservative $1 target) SL: n/a(*) Additional Reading If you want to read more about Ren on CoinMarketCap, click here . What do you think? Any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! (*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash. ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Check them out! Needless to say, this is not financial advice!
RLong
by BitfulMind
BITCOIN again respecting our CHANNELSBTC again respected our channels and liquidated short term traders. If BTC price remain below both of CHANNELS,we are in BEAR mode. Also, our FAST moving channel has crossed below our SLOW moving channel indicating BEAR trend. For BULL mode, price has to cross above both of our channels with crossover of FAST moving channel over SLOW moving channel. At present, STOP LOSS will be above SLOW moving channel and profit will be TRAILING. NJOY.....
Short
by cryptopreet
Eyes on $NKN as wellAscending triangle in formation. About The Token : NKN, or New Kind of Network, is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram|Alpha, and Whitfield Diffie, inventor of public-key cryptography as advisors. NKN Mainnet was launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum). Notable use cases for NKN include: Content Delivery System (contract with Chinese video giant iQIYI) Edge computing (contract with China Mobile) D-chat (secure messaging app) nShell (secure remote terminal access). NKN’s consensus algorithm is based on Cellular Automata, A New Kind of Science and Ising Model, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The design goal is to scale to arbitrary numbers of equal consensus nodes. NKN uses a global addressing scheme based on public keys, in order to enable direct peer-to-peer communication without centralized servers. The routing of packets is based on Chord Distributed Hash Table (DHT), which maps each NKN address to a random and verifiable position on the Chord DHT ring.
by TopGBanks