REN
REN/USDThis chart on REN/USD focuses on moving averages and volume. I outline how the moving averages/volume are similar to a previous move that already took place. I attempted to simulate what I believe could be coming in the near future by recreating the pattern I was able to identify. With the recent price movement I expect a healthy retrace and outlined 3 possible levels of support (green) to look out for if REN ends up correcting. Once we go through this correction I expect for us to pass through the line of resistance drawn out (red).
I am posting for feedback on my ideas to learn and improve my TA. I am NOT a financial advisor and I suggest everyone does their own research before investing in anything.
Please like, comment and follow.
Thanks!
REN.BTC (Y21.P1.E1).Macro.TAHi All,
Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met.
These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that.
Having said that, lets move on.
Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it.
Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy.
So I have stipulated that the current area is sitting below this trend line as its major resistance.
I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames.
If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list.
We also see the fib levels and resistances in confluence.
If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested.
Depending on the time frame and formation of the price action, we should have a green light or not to enter.
This is the spot I will be watching hopefull, not distractted by other charts.
From time to time I will update this post with charts and some quick notes.
For now, its watching and stalking.
All the best,
S.SAri
REN - Buy-in targets if SHORTREN has a pretty big set up of a bearish divergence as seen on the 3H chart, we are keeping watch for a pivot point, which may be indicated by the last candlestick that went to the high, and was rejected. It was a strong rejection, the wick is long.
If we do end up retracing, we can shoot for these 3 main zones.
Ren (REN) More Explosive Growth 2021The REN project is another fundamentally sound DeFi project that is poised for major growth in 2021. A decentralized protocol that allows for users to transfer cryptocurrencies from one blockchain ecosystem to another. This project already has major utility being used on a daily basis and will only continue to grow with the growth of DeFi and the overall cryptocurrency market.
Currently the USD pairing is in price discovery and trading at all time highs. However, REN still has yet to hit a new price discovery against its Bitcoin pairing. This indicates that REN still has a lot more room to grow.
Another factor to consider is that REN currently has a circulating supply of 995,363,051 REN and only a max supply of 1,000,000,000 REN. REN is getting closer to reaching it's max supply which will also play a role in price increase this year. Also the according to the analytics firm Santiment has recently reported that whale accumulation for REN skyrocketed in Januarys which also indicates the increasing demand for REN.
Our next stop for REN is at Fibonacci level 0.5 at 2925 Satoshi. Once we fully break past the 0.382 expect a runup to test 2925 Satoshi. Keep REN on your radar this year for 2021. As always much peace and love!
First technical analysis ever. Please be kindThis is my first technical anlysis ever.
What do you think ?
Looking forward to your comments
REN - Right to plan. Put the money in your hand! 🚀Gotta love when a plan comes together. Everything looks on track, short term targets hit and long terms are still in play!
Check it out below:
Doesn't look like we'll be slowing down any time soon :D
RENprotocol [REN] ready to growHi everyone,
It looks like REN is in a situation were it can take off. We just need to wait when the volume kicks in.
Target points are marked on the chart:
> TP1: 1,12$
> TP2: 1,33$
> TP3: 1,67$ (possible)
After confirmation of a clear break-out, new ATH's will be made!
Please like and leave a comment
Happy trading.
This is not financial advice
Previous analysis => Spot on
REN is ready to go upLast week, REN / BTC hit a rough patch after a strong start to the year. REN is used for ‘wrapping’ assets on Ethereum and is pretty popular.
REN is needed to create a ‘darknode’, which wraps BTC, BCH, and ZEC, bringing them to the Ethereum network. Darknodes earn fees and with the wrapped BTC (or other asset) holders have it both ways: they keep their Bitcoins while also interacting with DeFi and earning fees on various platforms.
Over $540 million worth of Bitcoin is now wrapped with REN.
To see if REN’s rally would continue in the short-term, we’ve asked the following question on Cindicator’s Hybrid Intelligence platform:
“The cryptocurrency Ren (REN/BTC) settled at 0.00001839 BTC at 08:03 AM UTC at the binance exchange on Monday, January 25. In your opinion, will REN/BTC trade above 0.00002181 BTC (+18.59%) at any time before February 8?”
Assurance: 74%
So Hybrid Intelligence believes that REN will go up over the next two weeks.
This is not unrealistic given that in BTC terms, REN is still far from its August all-time high or even its October levels.
REN/USDT 80% up from our entry so please take profit#REN/USDT Profit Update:-
#REN/USDT currently trading at $0.92
And went up to $0.99
Hope you all are very happy.
Entry:- $0.56 ✅
Targets:-
TP1:- $0.66 ✅
TP2:- $0.755 ✅
TP3:- $0.92 ✅
All Targets has been achieved.
Total pure profit is 80%
Hope you enjoyed.
Please click LIKE button and Appreciate my Hardwork.
Must follow me for latest crypto real time updates.
Thank you.
REN to reach $1.50 soon. DEFI EXPLOSION. Ren is very undervalued when its compared to the runs the likes of AAVE, UMA and your favorite. Yes... Compound.
Ren is the next 4x powerplay. The one we all have been searching for.
Not financial advise....entertainment.
REN REN REN.
REND IT.
REN targetlittle bit more volume than we need as well as starting H/S on 1H, nothing is perfect but this should work out
REN/USDT 34% up from our entry....enjoy#REN/USDT Profit Update:-
#REN/USDT currently trading at $0.72 and went upto almost $0.75
Which is our 2nd Target.
So
Entry:- $0.56 ✅
Targets:-
Target 1:- $0.66 ✅
Target 2:- $0.75 ✅ went upto $0.7499
So total 35% pure profit from our entry zone.
Hope you earned lot money.
Still bullish but now you can book profit.
And if you want to hold then please Secure your principal amount.
Mean to sat that you can hold your profit.
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
REN/USDT TA bull Flag update#REN/USDT TA Update:-
#REN looks bullish flag as per TA analysis.
So good time to buy.
I will give 2 best entries.
Entry1:- $0.56
Entry2:- $0.49
Targets:- $0.66/$0.755/$0.92
Stop Loss:- I will update.
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
REN / BTC Bullish Flag on 4HREN / BTC is showing Bullish Flag on 4H chart.
Enter now or after breakout above 1800 sats.
Targets: 0.00002375, 0.00002775
Remember about SL!
Price is rising, we follow the trend in RENUSDT 4hTechnical analysis regarding the price of REN in relation of dollar attached to Tether for the next scenarios, based on 4h movement.
The price is moving in a strong upward trend and, moving away from the Moving Averages of 34 and 89 periods, following the upward trend line.
In my view, it formed a symmetrical triangle pattern (ascending?), To which it was broken and, taking the expansion of the beginning of the triangle and projecting it after the break, we obtain the target that the price may reach.
In such a way, I also have levels mathematically plotted with Fibonacci where I get the channels that the price may reach.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
#REN,Let see if it can come up clean over ~1500 sats..#REN
Let see if it can come up clean over ~1500 sats..
Volume activity increasing, UCTS switching to buys on lower timeframes..
$REN
RENUSDT_Daily_ Updated Analysis**************************************
Price : o.62 USDT
Entry LVL: 0.58- 0.62 USDT
Support Zone: 0.49– 0.52 USDT
Expected Return: 36%- 104%
Reward/Risk: 6.15
TP_LVL I: 0.83 USDT
TP_LVL II: 1.25 USDT
TP_LVL III: 1.66 USDT
SL: 0.46 USDT
**************************************
RENprotocol (REN) ready to launchREN is looking promising past days. The patern is above the EMA10 what shows that the bulls are in control.
We expect a break-out above 0.37$ trend line.
After confirmation of a clear break-out (retest trendline as support) the ATH will be tested.
Happy trading.
This is not financial advice