REN
RENBTC - Bullish divergence on dailyEntry: 0.00000530
Target 1: 0.00000644
Target 2: 0.00000712
Stop loss is 2 ATR levels away: 0.00000474
R/R ratio:
Target 1: 1:2
Target 2: 1:3
Bullish divergence can be seen on the daily, and currently on the 4H as well, so the current level looks good to step in.
The Stochastic RSI, has crossed as well on the daily.
Ren at a critical pointLooking towards defi projects I stumbled upon Tierion and Ren. Tierion is still pumping and in sat value is to risky for me to get in since its over 300% this year alone. Now Ren is up 100% already this year, yet with the high VPVR around this 510 sat value and only having a 30mil mc, seems like a great deal after seeing a pullback from 1394 sats would just be over a 2x closer to 3x return if it revisit its high.
Zones to watchout for for short term would be around 447 sats, since that was its lowest with high end of the vpvr, 704 sats or 754 sats depending on what you feel like.
Going with 704 will suggest short term means it would have double top short term and could see that range of 447 sats, or if you thinking 754 being a better play than you would argue an inverse head and shoulder from its top than dumping to create the head and shoulders and now looking for the upside.
Pros and Cons is that its similar to zrx in nature, so following zrx with Ren won't be a bad move along with OTC trading is picking up and with RenVM could see mjor upside. Con would be the twitter spotlight is filled with spam under the $ren tag and not much people talking about it, so 50/50 if you use social media indicators.
So my stance is Long on Ren, since I'm a believer in Zrx and Ren is doing similar things for defi, yet short term wouldn't be surprise if we see that range in the 447.
Today`s ALT!!! RENBTCBINANCE:RENBTC
Exchange : Binance
Coin: RENBTC
Buy Zone: 0.0000064~0.0000061
Target Point: 0.0000067/ 0.0000071/ 0.0000074/ 0.000009/ 0.0000087
S/L: 0.0000059
Risk: HIGH
Term: Middle - Long
You should be careful in buying RENBTC because of Bitcoin
It broke Symmetrical Triangle without pumping
The Chart and RSI have similar Up Trending Line
The Volume is slowly down
It`s time to be pumping !!!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
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Today`s ALT!!! RENBTCBINANCE:RENBTC
Exchange : Binance
Coin: RENBTC
Buy Zone: 0.0000072~0.0000068
Target Point: 0.00000745 / 0.00000785/ 0.00000865/ 0.00000915/ 0.000001
S/L: 0.0000064
Risk: HIGH
Term: Middle
It`s going on Elliot 4 Wave
4 Wave have stop at 618 Fibonacci Retracements of 3 Wave
The Volume is almost down, it`ll start 5 Wave !!
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Today`s ALT is that information is raised regardless of the Coin market situation
So sometimes there`s a high risk trading
Investment is your responsibility.
I'm just providing about coin`s information
=====================================================================
REN/BTC | Symmetrical Triangle..!!REN/BTC | Symmetrical Triangle..!!
Forming Bullish Symmetrical Triangle Pattern in 8hrs Chart..
Volume is Coming & Indicators Are Turning Bullish As Well ..Expecting Breakout..!!
Grab Some With Low Risk..
15-20% Profit Expected in Next 4-5 Days
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$REN Reached ~640sats on its way up following Alts market...$REN
Reached ~640sats on its way up following what most of the Alts market is doing
If it manages to hodl & flip this level into support we may see a new leg up with target at ~800sats (another 25%)
UCTS Buy signals across every TF (1D & below)
RSI at overbought (bullish)
#REN
Ren Protocolo Trade Signal @alanmasters [RENBTC](164%)Here I am sharing a trade signal for Ren Protocol (RENBTC).
Our last signal reached 44% of profits... You can see it here:
Below is a new entry.
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Trade: Ren [RENBTC
BUY: 0.00000490 - 0.00000530
TARGET:
(1) 0.00000615
(2) 0.00000675
(3) 0.00000835
(4) 0.00000905
(5) 0.00000985
(6) 0.00001225
(7) 0.00001375
PROFITS POTENTIAL: 164%
(Buy calculated at 0.00000520)
STOP: Close weekly below 0.00000360.
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Thanks a lot for your continued support.
Namaste.
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THIS IS NOT FINANCIAL ADVICE.