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RENUSDT ⚠️ How Low Can Ren Go In This Current Uptrend?Introduction: 💬Ren (RENUSDT) is looking good overall with its current overall uptrend, now the question remains of if this can hold going forward or if this current market structure is producing a top formation? Only Time will tell but we can surely plan accordingly for both the nest case situation of continuation and worst, being a rollover and breakdown of this current uptrend. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 Support: S1: This Bullish Orderblock is being tested ATM and we are hoping to see this be the "best case" scenario for a bottom being found. If that is not the case then we are looking at one level lower to keep us bullish. S2: We have a Bullish Orderblock and S/R flip contained within this range as shown on the chart. This range is seen as the true bull's last hope going forward, sure we could see that lower range retested but a retest of that would surely break the current uptrend structure and bring a fair amount of fear into the market. Resistance: R1: Considering that REN is in price discovery mode we are not looking at any major levels above other than the current range swing high where a Bearish Orderblock has been identified. If we get a break above this level and go higher it is expected that a retest would be a good entry point for a c continuation play. Summary: While REN is currently uptrending, we are cautious as this most recent cyclical move shows potential weakness is REN's price structure. Bulls better be planning for the worst and hoping for the best because this could surely get pulled down by the large-caps moving in lockstep with one another if a BTC or ETH correction happens. At the same time though this uptrend would be significantly attractive to anyone looking for a speculative long and so if large-caps make a move higher this one has room to run.
by AlphaBotSystem
7
Ren Protocol (Going Back 1.5 Years...)Hello my fellow cryptocurrency trader, let's do it a bit differently today. I would like to show you the second chart we ever published for Ren Protocol (RENBTC). This one is dated Feb 19, 2019... See it here: Ren (RENBTC) A Hidden Gem?/b] Yes and no... A hidden gem no more since RENBTC even now after massive bullish action continues to grow. Where is the top? Who knows, we can only speculate since cryptocurrency is completely wild/crazy and it can surprise even the most experienced of us. But here I've marked the Fib. levels, which is a great indicator as to where prices will stop. Feel free to hit LIKE to show your support. Namaste.
by AlanSantana
4
Ren ($RENUSD) 🟥 | Why Ren Never Works Out The Way You Plan🟨 Ren's RenVM MainNet is almost here and the bulls are still charging ahead. The upcoming technology is impressive and so is this run. Let's look at some levels to see the bull's path to glory and the bear's best chance of revenge. Support: The S1 S/R flip is the first point of support for the bulls. Finding support here preserves bullish momentum, which is exactly what the bulls want to see. If S1 can't hold, it likely marks the start of a proper corrective move. If we do get a corrective move, the S2 orderblock formed at the swing low and the S3 S/R flip at the clear price pivot point should both see reactions as illustrated on the chart. We would expect any healthy corrective move to find support on the S4 orderblock formed from the move up. If S4 can't hold, then the overall bullish price structure will be lost and REN will need to be reassessed. Resistance: The bulls don't have any real resistance to contend with given how hard REN has run. With that said, any support created now stands to work as resistance on the way back up if and when bulls falter. So that is worth keeping in mind for bears and bulls alike. Summary: REN has shown real strength, and it is never a bad idea to bet on a crypto that is showing strength. What the bulls want to do here is either keep running, with perhaps a quick touch of S1, or consolidate and then lift off again at S4 or higher. There is lots of room for bulls to keep this going into the MainNet launch, but if price structure is lost things can change quickly and much of the hard-won gains may start to be given up, so make sure to manage risk. Resources: www.prnewswire.com Hit that 👍 button to show support for the content and help us grow 🐣
by AlphaBotSystem
1
RENUSDT longWe can see Head and shoulders pattern in downtrend. When the price breaks above the neckline of an inverse pattern it means the prior downtrend is likely over, and an uptrend is underway. It's time to buy. If the price close above 0.1 then we wait for the target #2. Signals: MACD line crossing Signal line Bulish Engulfing 16-18:00 (26.05.) Broken neckline soon Please support my work by clicking the LIKE/FOLLOW button. Always do your own analysis and trust your intuition! If someone wants advice or private analysis send a PM. I would be grateful to earn some money for you and you send me some donation for my work.
Long
by stodor99
2
Always A Winner, Ren Protocol Goes For Higher HighRen Protocol (RENBTC), always good/profitable to us, will now resume its uptrend and is aiming at a higher high (HH). The way this chart is looking, prices will continue going up. I am thinking that 0.00001416 can be the next main target, but resistance is sure to be found at 0.00000900 followed by 0.00001179 next. Conditions for change If prices drop, MA200 (0.00000616) is where strong support is found. Below MA200 the bearish bias becomes stronger. Above MA200, black line on the chart, we remain strongly bullish. Thanks a lot for reading. Namaste.
Long
by AlanSantana
9
Ren Protocol Ascending Channel Bullish BreakAbout Ren Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchain. Ren's core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi). Chart Analysis by Alan Masters Ren Protocol (RENBTC) is trading above resistance and now breaking out of a triangular pattern. I can see prices easily gaining momentum going up strong. All the signals on this chart are 100% bullish, not a single bearish signal. Here you have 70%+ potential profits mapped. Thanks a lot for reading. Namaste.
by AlanSantana
2
Ren Protocol Above All Resistance (Strong 100% Jump Next!)Ren Protocol (RENBTC) is now trading above all resistance in the form of MAs and EMAs and is getting ready to jump. It can easily reach 100% within just a few short days, or up to 80% if the market dries up. Remember to have a plan if you decide to trade. Just as this chart is bullish now, everything can change in just a few days. What would you do if prices drop? For how long would you wait? Will you sell if prices go up? When will you sell? How much will you sell? What to do with the profits? Building an entire plan before trading by asking yourself questions can help you become a better/more successful trader... Or if you are not a trader, it can help you get the job done easier... The job of securing profits and coming out a winner is what I mean. This is not financial advice. Namaste.
Long
by AlanSantana
1