REN - take 2Ok let's be honest sometimes fibs are very scary. Yesterday a perfect bounce on the .786 fib level. IMO here we have some solid horizontal support. If this hold then I am bias enough to long REN. I
REN
ICON trade with a good risk rewardICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. 50% fib retrace level confirmed as support and 4h candle is now looking to close above the initial close. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes. CALCULATE YOUR RISK and this should be a good a good risk reward
REN in Falling Wedge - LONGI have here enough reasons to long REN.
Target is 1100 sat.
I will go out of the trade if there is a close below the EMA.
In this current market it is smart to move SL to Entry or nearby entry once the asset is going up.
Like and follow if you want to see more setups.
RENBTC Watch this trend lineVolume is almost 3x from 200 bitcoin to 600 but
Q )When to enter Trade
Ans ) ---just wait for 4hr to close above 350 and than another candle to wait after that you can decide to enter or not ..
just wait it gives you huge profit risk taker can enter now with sl 800 ( never hit i think )
i am a risk taker .. Happy Trading
$REN potential uptrend REN looks good for a potential move up. Good time to get on board. REN has been keeping pace with BTC. Amazing project and potential.
REN Ready For A 130% Run?As you can see there are two very similar symmetrical triangles on this chart. Price action and length of the triangles are similar. Price could once again breakout on the 18th day of consolidation 8/13/19. Last time this setup occurred, we saw a 130% increase in price. If this happens again, we could see a price of 2150 sats.
Let's see if history repeats itself. I know we wouldn't be mad if it did.
Set stop losses just in case this breaks down.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
REN & Stimpy (RENBTC)Watching RENBTC here for a possible long as it approaches daily support at 929.
Looking for entry in 929~940 area, or entry on the break of the downtrend. Would like to see it hold this area as support for a few candles as accumulation before entering. A daily close below 929 and I'd expect further downside.
Entry: 929~940 area OR break of downtrend
Stops: Below 929 (3~5% depending on your risk tolerance)
Targets:
1043
1108
1266
BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
RVN Tips (just started mining this baby for fun :) : RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
Happy trading!
REN - Bounce coming?REN is falling continuously and is underperforming as compared to other coins for past few day.
REN is trending in narrow channel and seems it is at the bottom of the channel.
I expect REN to consolidated a bit and bounce as its peers.
Scalp Play On RENBullish divergence on 4h MACD and bullish bounce on 1h MACD.
Waiting for price to break above resistance. Targeting 1200 sats range but as always, it could go higher.
Will update as the trade moves along.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
20% Drop Possible For RENREN is not showing signs of strength right now as an up trend channel has been broken. On top of that, MACD looks bearish as well. I'm looking to enter around the 750 sat range. This is the .618 retrace zone on the Fib. Additionally, there is a long term support line (Thick Black Line) that starts in May that I expect the price to touch at some point.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY.*
REN - Let it rain on me....consolidation timeREN is consolidating after hitting new highs.
Patience is the key, Hodlers are rewarded best.
RENnow=0.00001228
target=0.00001473
profit=19%
if hold 0.000014 btc then target 2=0.00002235 btc
profit=84%
$REN Broke the Downtrend to Revisit Old Highs - Update!Update as promised.
REN broke the downtrend that we were stuck in for days. The reversal is clear and points back to old highs and possibly a continuation. This will be updated in two days or so upon confirmation.
Targets are set on the chart.
Happy trading and stay Safu!
REN - recent pump had nice confluence of indicatorsREN recently broke out of this downward sloping channel - a Bull flag formation.
It reached oversold levels on the RSI at the same time as hitting 200 support on the EMA (4H)
RSI seems to backtest pretty reliably for REN, and there had also been some bearish divergence on the previous upsloping channel, predicting the downtrend.
I am quite new to TD Sequential and still learning how to use it, but there was also a green 9 right at that 200 MA before the pump.
Checking the Daily we could also see a green 9 predicting the reversal to the upside from 13 May.
On the 4H the previous green 9 occurred right at the 100MA. Price continued to dip down to the 200MA, completing another cycle.
I guess that should be quite a strong buy signal.
I didn't take this trade but as a new trader learning the ropes, it's exciting when you find a confluence of lots of indicators.
Bull RUN REN/BTC, after accumulation and some buy wallsBINANCE:RENBTC
We're expecting a strong uptrend in direction 1300 till 0.00.
If close is higher than 1150 trend continue.
$REN, ~1200sats support didn't hold, confirming the H&S pattern.$REN / $BTC
~1200sats support didn't hold, confirming the H&S pattern that was identified in a previous tweet.
Now moving lower with increasing volume.
Our first target is at ~1K sats support (Matching .5 Fib level / H&S Height)
Sell signal on the UCTS 8H chart
#REN
