RENUSDT | $ PERFECT $ >> 32% | SHORTThe price has reached the resistance zone and the next possible best move is to go short. here the best strategy I thought would work :
BINANCE:RENUSDT
entry: 0.24043
TP1: 0.16348
SL: 0.27776
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REN
RENBTC - Positive reaction of supportAt this moment, according to lower resolutions, I think it more likely to goes up but since that Risk/Reward is not good for me.. I haven't open long.
DEFI IS DEAD? SHORT RENSupertrend daily is short, now 4hr is crossing over after a healthy dead cat bounce. Resume downtrend operation
REN/USDT technical AnalysisIn my opinion, Ren is going to have a head & shoulder bottom pattern and after touching the 0.30304 USDT support line based in Fibo Retracement ,probably will increase until 0.418 USDT and it means that it will result in 38% profit. Please write you opinion about this tutorial technical analysis.
Best Regards
REN STILL PARABOLAI think that REN is still at the beginn parabolic trend against bitcoin.
With this supposition there is space from this point for big gain against small losses.
BIO
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?
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.
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...)
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!
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
REN/BTC at crucial supportBINANCE:RENBTC dumped massively since beginning of September but seems to have found a bottom since. The chart is giving us plenty of signs that it was just a fallback within a long term uptrend. Price is now back at crucial support giving us a great entry.
We opened a new trade for our members.
Let's go!
Dump_Spencer
Ren Finds Support, Resumes UptrendAfter peaking 1-Sept., RENBTC correction's finally found support
Today we are seeing strong volume coming in after prices bounced off the MA200 backline.
The RSI is looking strong with prices moving above EMA50...
These signals are telling us that RENBTC can keep on going and hit higher.
Namaste.
Ren Making Higher Highs. RENUSDSure does! We might see a little drawback first thought, as divergence on the RSI indicator. And there are quite a few fractals at play here. Zooming out, we can see that we have successfully completed Wave 1 and 2. All that is on the chart is some part of Wave 3. Hold on to your.. well.. hats - this one should climb quite a bit being a DEFI token. Goals are in gold, invalidation in red. NFA.
REN on saleRen is a very valuable DEFI project with lots of potential. It saw a sharp 55% drop following recent market price action. If you felt bad about not buying REN at 4500 sats, you have the opportunity of a lifetime here.
- Touching on heavy resistance
- Touched the golden FIB pocket
- Bullish div on the RSI
A return to the ATH would mean a 120% increase. Remember: dips are for buying.
REN Cup and handle ... with some risksREN looks like it is forming a cup and handle.
But it is not a 'good' cup and handle for the following reasons
- the handle is very flat ... could go either way
- MACD is crossing
- EMA 100 is off the chart
- but good uptrend
What to look for
- confirm break out of 4115 = buy
- confirm break out 3990 = cancel everything
If you are feeling lucky ... buy now.
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:
