Is Ren Protocol Starting A New 190%+ Bullish Wave?RENBTC is now on an interesting spot, it broke below support but the volume is low for the bears and we have our indicators trending towards the bulls.
This setup can lead to some strong growth... but the first barrier to conquer is EMA10 at 0.00000457.
RENBTC needs to stay about this level if we want to see higher targets.
0.00000461 BTC is also the 0.786 Fib. retracement support for the Sept./Oct. bullish wave.
Conquering this level also supports the bullish move.
If prices for RENBTC moves and closes below 0.00000425, then we switch and put our bear hats on, as the lower support levels are likely to be tested (red arrows).
The strategy would be to buy when the support levels are hit and later sell for profits once the prices move up and hit our targets (magenta lines).
This is not financial advice.
Namaste.
REN
REN/BTC | Looks Bullish in Daily Chart..!!REN/BTC (Update)
Forming Bullish Wedge in Daily TF So Keep Your Eyes on It..!!
Expecting Breakout..
Buy Between 450-460 Sats
Sell Targets 492-512-535 Sats
Stop Loss Below 426 Sats
Buy with 10% Portfolio..!!
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REN/BTC textbook retracement almost complete!REN/BTC
An impulse occurred in a 5 wave structure. Next we had an ABC correction that has retraced to the .786 fib level already and is most likely done, if not then it will finish very soon with a small lower low into the buy zone.
After a 1-5 up and an ABC down we get another swing up to a Higher High.
Its hard to tell if this is a LARGE ABC or a LARGE 1-2-3 being formed right now. So we have 2 Take profit orders. Close 30% on the first, close 50% on the second and hold the last 205 of your orders for any extreme pushes.
REN / BTC 2h CHARTLevels are on chart
Suports on green lines
Resistences on red lines
Yellow price projection
Ren Protocol Trade Active | Over 150% Profits PotentialWe have an active trade for Ren Protocol (RENBTC) that is now relevant again.
This trade hit 55%+ of profits and is now back within buy-in range, you can find it by clicking on the image below:
"Back within buy-in range" means that this pair can be bought...
We are likely to get another round of profits.
The chart for RENBTC is looking bullish strong right now.
This is a friendly reminder.
Thanks for reading.
Namaste.
--
This is not financial advice.
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.
RENBTC | MRMEGBINANCE:RENBTC
buy if break the purple or red resistance
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REN/BTC|4H|02.12 Battle incomingWho's gonna win?
Head And Shoulders or Uptrend's triangle + bullish divergence?
Let's vote boyzz...
REN - LONG opportunityREN seems ready for a bounce!
My "Long Short V3 Strategy" script found bearish trend is losing strength, possibile 2.1R
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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RENBTC Buy SignalPattern: Ascending H&S on 1D.
Signal: Bullish as long as the Higher Low trend line holds.
Target: 0.000011 (symmetrical Resistance).
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 !!
=====================================================================
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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The information given is never financial advice. Always do your own research.
RENBTC Buy SignalThis pair is printing a bullish channel on 1D since mid September similar to the one it started in mid May. Once the pull back on the 5th leg is completed below the MA50 I am expecting a very aggressive rise towards 0.00001110. The RSI action of the two patterns is also similar.