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REN

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.
RLong
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.
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by AlanSantana
5
RENUSDT AnalysisPeople who bought REN from Super Buy & BUY 2 signal, enjoy your 129.88 PROFIT that you made less than a month! There's also the green cloud present as a buy signal. If you are holding REN, do not hurry to sell. You can sell when there is a sell signals present or wait for candle to open-close below the support level (0.39). If you want to buy REN, wait for a candle to open closed above the support level for 1D (0.39). There's a candle above the support level but I would wait for another candle to open close since the last candle is still on the support level. After you buy, watch out for EngineeringRobo's sell signals to not lose your money or your profit.
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by EngineeringRobo
1
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.
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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.
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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 🐣
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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.
RLong
by stodor99
2