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REN

REN Move SoonI'm new to trading so just sharing my thoughts so please take with a grain of salt :) Looks like REN approaching an interesting spot here. Its been rejecting off a descending trend line and also bouncing off an ascending trendline. It has also flipped the support to resistance. A couple possible outcomes I can see from this point, 1. If it breaks out of the descending trendline I will wait to take a long position after it has also broken the resistance on the blue area at .35 and reclaimed as support. If it does it will probably retest .39 then .42 and higher if market permits. 2. If it breaks below the ascending trendline and also breaks through the orange support at .30 we could see as low as .20 for a re test. Any predictions?
BINANCE:RENUSD
by PumptyMcDumpty
2
REN.USDT (Y20.P4.E1).Price Action explainedHi, Keeping it short as I'm looking for an entry as this has shown some strength and the pullback is in progress. I have 2 levels of interest, here and the blue one. OBSERVATIONS: ====================================== > Bottom structure\reversal seems to be complete and is unlikely to test all the way down as per neckline, if so, too deep and hence not interested; > On the 4 HRLY, we have confluence with the MA and fib. levels (min. requirement is 2 elements) with confluence; > We have convergence with the MACD; > Now we are looking for that bullish candlestick on the 4 hrly or possibly 2 hrly; > And we have an uptrend on the smaller time frames, hence this is not something I'm saying to go Macro long; Just an potential opportunity until stopped out. Lets see how we go on this likely opportunity; Please give me a like or tick for this post. Regards, S.SAri Closeup Daily chart: Phoeix and Macd show upward pressure; Price above all 4 ema's.
Long
by ssari
Ren Will Continue To Grow, Only Getting Started!RENBTC can easily go for a higher high now that prices bounced off the MA200. Currently, we can see RENBTC safely moving above EMA50, while gaining in bullish momentum. The MACD is now above zero and ready to boom: There is also a hidden bullish divergence... While the RSI is also very strong: The signals here are very clear... Ren protocol can go for a higher high next. Namaste. Previous chart: Ren Protocol (Going Back 1.5 Years...)
Long
by AlanSantana
10
RENUSDT AnalysisEngineeringRobo and I are both bullish about REN at the moment If you are holding REN at the moment, it would be advisable to hold and sell with EngineeringRobo sell signals aim to sell at the .4468 resistance level. - If you are interested in buying REN, you can buy now with EngineeringRobo Bull signal (between 0.305 - 0.324). - You could buy if the candles break the 0.4468 resistance level, turning it to the support level Pay close attention for those EngineeringRobo sell signals! If you're looking to use EngineeringRobo, DM me!
by DanFox0x7C6
4
ren receedingI think of this one as the double pump and dump, im looking at lower lows and lower highs and no clear sign of reversal, and to top it off I don't really like the fact that it was recently listed on coinbase, don't quote me but every time a coin lists on coinbase in recent history its been sent there to die a slow painful death, celo, yfi, uni, ren, im missing a dozen more I know but I just think of it as a way to wait for the pump and short for the win afterwards
Short
by track4success
REN.USDT and BTC (Y20.P3.E1).Solid trend but be patientHi All, REN is another solid performer as one just has to look at its past price action. I am anticipating after a peak like this one, it will pull back to the 21/34 EMA and\or the top of its previous channel and continue. I did see this with both KAVA and LINK so the likely chance REN does the same. There isn't much words since this post is about stalking REN. Lets see if we can get this right. Cheers, S.Sari REN/USDT 2 Day chart: upward pressure on both Phoeix and MACD indicators REN/BTC pairing chart:
Long
by ssari
3
LEND + YFI + CRV | Levels for DeFi Yield Farming Tokens 🌾🚜🐄💬 Any cross-section of DeFi will look good due to yield farmer FOMO. However, some serious projects like LENDUSDT, YFIUSDT, CRVUSDT look especially good to us from both a TA and FA standpoint. Yield farmers can utilize LEND's AAVE platform to farm Curve's yCRV using YFI Vaults. Meanwhile, while Curve's current chart looks a bit like how do you say 💩, the underlying Curve technology is interesting, and thus at least some of those farming yields may want to be aware of support and resistance levels not only for LEND and YFI, but for Curve as well (even if only to maximize gains from yields). Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- LENDUSDT Support: S1: The S/R Flip range is where the most bullish of bulls will hope to find support. There is no rule that says LEND needs to consolidate more or test lower support before running. This DeFi gem is hot and could keep moving. S2: Sure S1 is nice, but for a healthy uptrend there is no better support for bulls than the S2 S/R and orderblock range. This range would offer just the right amount of consolidation and could even result in a move right off the trend line. S3: A quick wick down to the S/R and orderblock cluster if S2 doesn't hold also makes sense. We lose bullish market structure below this, so look for S3 to save us if things get shakey. YFIUSDT Support: S1: There is only one logical place to look for support for YFI, that is this orderblock cluster at the bottom of the consolidation range. Not like other support can't be found, but one doesn't want to see too much retracement after such a run. Resistance: R1: The S/R flip at the previous swing high is our first resistance point. R2: If the bulls can take R1, then the orderblock range at the previous high is our last point of resistance before YFI's price starts putting BTC to shame. CRVUSDT Support: S1: People are farming CRV and dumping it, striping VC Curve holders of their natural resource (value). That said, bears better hope the farmers can dump below the S1 orderblock range, because there is some solid support there and the more it is tested and holds, the more it looks like a potential bottom. Resistance: R1: Everyone is likely to take profits at the orderblock at the previous high, so watch for resistance here. R2: A break above R1 means an uptrend could be in the works, it would be wise to look for a pullback at the S/R flip range here and consolidation on R1. ----- Summary: People are rushing into LEND and YFI to farm coins like CRV. As long as that gambit is playing out, we should see the current trends continue. Given that, we want to look for entries in LEND and YFI at support and cautiously dump our CRV crops at resistance. That said, Curve has some potential as an FA play, so it may be worth watching for how it reacts at support and resistance before fully dismissing it. Resources: defiprime.com ✨ Drop a comment letting us know what you think of this down below! ✨
by AlphaBotSystem
8
REN/USD - Consolidation before move higher? If you followed us in on the original chart. Congrats! Preferred entry was suggested at around the 0.145 We've seen some excellent returns since then at approx 250% to the good. Keep an eye on it now as we wait for indication that we are moving higher again. Although a move in now carries more risk there is still a lot of potential with this project. Reasonably tight SL advised if you're late to the party and pick your entry carefully, a lot of potential downside if it falls through support levels. As always not financial advice, just thoughts and TA. Bingaz.
BINANCE:RENUSDLong
by Bingaz
3
Ren Protocol (REN) Goes Parabolic... Next TargetRen Protocol (RENBTC) is no longer a "hidden gem" but quite known right now... It's gone parabolic. Its price has grown by 1159% since the early Septemeber 2019 low. Prices are likely to peak soon. Here I am sharing the next potential targets based on Fib. proportions. This is not financial advice. You need to build your own plan/strategy before you trade. We normally don't buy or considering buying with such a chart, we trade based on TA. When prices are already moving and also high, the risk becomes higher. For low risk and high potential reward, we look for altcoin pairs/charts that are bottomed out and trading near lows/support... This is what gets us the best results. The only real problem you can have while trading crypto at this stage in the market, a bullish altcoins market, is underestimating how far up these altcoins can go. The potential is huge... We can only guess based on the different tools we have, but they tend to go higher and for longer than we thought... This is a good problem to have... The more the market grows, the better it gets for all those involved. Namaste.
by AlanSantana
5