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REN

REN - Potential Breakout Forming? Wait for Confirmation!!REN looks like it's ready to make some moves on the daily chart. We see a clear parallel wedge, a bat style fractal that has similar proportions to a textbook bullish bat, RSI is in a very good position for growth, MACD is showing a huge bull divergence which could be the start of a new potential uptrend, and volume is good on the breakout so far (though still need more time on weekly for confirmation there!) This should be a clear breakout or fakeout play, it's literally at the upper limits now so if we see a punch through look to snap some up on the retrace afterwards as we're likely to see more upside. This isn't financial advice. Want some financial advice? Don't get baseboard heating, it will kill your hydro bill.
Long
by cryptosince1963
Ren Protocol (RENBTC) Holds At EMA100, Long-term ChartRen Protocol (RENBTC) peaked in late August 2020 after a massive bull run. This bullish run printed a total of 1510% in profits. Now, a strong correction took place for 3.5 months and is likely coming to an end. We can see that RENBTC went below the 0.786 Fib. retracement level of this last bullish run. Support was found at EMA100, blue line, where we can see a long lower wick on last's week's candle, and this week we see prices moving up. If EMA100 holds, Ren Protocol can finally resume its growth. This is not financial advice. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
3
✳️Republic Protocol/USDT (30/11) #REN $RENREN is in indecision zone and we will wait a few more days before deciding which direction to trade. If the REN conquers the 0.31-0.33$ zone, REN will rise to the 0.4-0.45$ zone and will trigger the FOMO to rise to the 0.65$ zone in December. But if REN continues to be rejected in this zone, the REN will plummet to the 0.2$ zone 📈BUY- LONG -Buy: 0.31-0.33$ if A.SL if B 📉SELL-SHORT -Sell: 0.38-0.4$.SL if A -Sell: 0.43-0.45$.SL if A -Sell: 0.65-0.67$.SL if A ♻️BACK-UP -Sell: 0.31-0.33$ if B.SL if A -Buy: 0.2-0.22$.SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
by CryptoStation
1
RENUSDT (Reversing From Support)#RENUSDT (4H CHART) Technical Analysis Update Reversing From Support ine REN/USDT currently trading at $0.3190 LONG ENTRY LEVEL: Above 0.3320 (only enter long after 4h candle close above resitance level at 0.3320 STOP LOSS ( support): Below $0.2840 Resistance level1(target):$0.3970 Resistance level2(target):$0.47600 Max Leverage: 3X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
1
REN Elliott Wave Pattern and Fib levels PT>2From the graph it looks like we are on the 5th wave of the triangle Elliott Wave Correction (E on the graph), in the short history visible to us on this REN:USD pair. The waves seem to be hitting the fib retrace levels from the .422 high on October 11th almost exactly, and this triangle correction has been bouncing between the .618 and the .312 areas, and the price has currently just bounced off of the .5 area. This "E" wave may test this area again and bounce off of the .5 retracement again (~.33 level) before continuing the bullish trend up to the .42 level again, at which point the .786 fib level should act as support for a continued bullish trend. This is a continuation of the last idea I posted, which was my first post ever. I have been studying price graphs and buying/trading crypto since September 2017, but this is my first time publicly sharing my trading ideas! So please, understand that this is not financial advice and PLEASE do your own research and analysis, which is what I am now here doing for myself. One Love, Dharma
GEMINI:RENUSDLong
by DharmaCat_Pro
2