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REN

Ren protocol [REN] support & Break-out setupHi everyone, As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation. When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this. Strong fundamentals: > Ren getting to the Greycore > Partnership DigiByte‌ (DGB) through LinkSwap bridge > Partnership PlasmaFinance In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 Please like and leave a comment 🌜 This is not financial advice
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by M00N_BEAMS
REN Uptrend Revs-up Ren Protocol is a permissionless and trustless protocol that allows users to transfer tokens across different blockchains. We went long REN/USD on 26 March 2020 at $0.04 and are +2525%. Today we see a new possible entry point at $1.05 after a 41.6% retracement from its 20 February high of $1.80. REN has found support at the 50 MA and looks primed for a resumption of its uptrend. Both the 50 MA and the 120 EMA are rising and buying volume has been healthy. In August 2020, Ren teamed up with Acala Network to bring Bitcoin to the Polkadot ecosystem. That September, Ren announced they would also be supporting the Binance Smart Chain. Last October, the Ren token was listed on Coinbase. The following month, Ren unveiled their Multichain upgrade, portending support for Digibyte, Dogecoin, Filecoin, and Terra. Last month, Ren officially integrated the Binance Smart Chain. They also became a part of Alameda research and are working on bringing wrapped assets to the Solana blockchain. Ren's main objective is to become the interoperability hub for the entire cryptocurrency space. We remian bullish on REN/USD.
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by rzinho
7
REN (Ren Protocol) - Is the correction over?REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate. It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents. I have opened a trade on REN just as it broke out and will update as it goes along. This is not financial advice If you enjoyed this analysis please like and follow!
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by JamesVitaly
🆓Republic Protocol/USDT Analysis (2/3) #REN $RENThere is a good strong force at 0.9$ and 1$ zones so we can expect a recovery in next days. We can start accumulating REN at 2 zones above and I think it will have a big recovery wave from March 5 and targets should be 1.4$ and 1.6$. If it can conquer 1.6$ zone, it will pump very strongly and 3$ will be reached soon! 📈BUY -Buy: 1.00-1.05$. SL if B -Buy: 0.88-0.92$. SL if B -Buy: 1.55-1.60$ if A. SL if B 📉SELL -Sell: 1.35-1.40$. SL if A -Sell: 1.55-1.60$. SL if A -Sell: 2.95-3.05$. SL if A ♻️BACK-UP -Sell: 0.88-0.92$ if B. SL if A -Buy: 0.50-0.53$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
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by CryptoStation
4
RENZED OUT?yeterday mornings felt like good long at $.88 wellllllll...... alts and btc are still coupled... if btc falls to $37k, expect my rennnnnnnnnnnies to them pennies $0.79 support. me thinks correction not overrrrrr posssssiblyyyy. overall very bullish so fear not so much yetties. the three circled candies for them noobs who feel pro crypto man in one month learning time.... must beat those to advance higher or go lower... low low low... long long long zone. keep ur stop loss in handy, 1-2% always and move up stahp loss in profit once u get chancies... protect your capeeetoll *i do not own crypto. me play joke go pee pee in yo co----caine. ho. ho. ho. murry chrustmus muh little rennnnnies.
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by tigerjunior
3
REN TradeThe weekly candle here broke the all time high, so I decided to go long on this breakout. The price has probably broken a well-defined range, so a purely continuation pattern such as a rectangle could be used for a trade with a Risk / Reward greater than or equal to 1/3. Within long with stop at -30% and time target instead of price, I say within 2 months from today. Further updates coming soon. If you liked this analysis and you want to help me improve and continue in my work, donate to this address: 0xD36Fa870d1daef582c1bCb9FeEdA06c9a4aECC8f
RLong
by Melupira89