REN
REN/USDTNice RRR and potential brake out give us good chance to take profits. After the 1st TP will be hit you can set your SL to the entry position.
If the BTC will stay with minimal volatility we can go up :-)
Enjoy the weekend.
LbL_CZ
Longing for Sats #9 - REN/BTCI'm excited to post this one after staring at the chart for a few days. A break upwards could lead to price discovery, as there isn't a lot of resistance above the range we're in. It could also go down yeah, but I'm long because it's LOW MARKETCAP DEFI on COINBASE. Let's see what happens
good long term on RENi think in next few days we gonna see 1.12 or even more there is bullish somewhere 😉🎈
$REN - Ready for the next leg up.Looks like REN is ready to finish its correction of the impulse from 0.2 to 1.8.
TP1 short-term, TP2 mid-term, TP3 long-term.
Big player with huge potential.
Yesterday partnered with DigiByte & 1INCH.
Considering its nature, the project will continue to announce partnerships.
RENBTC🚀🚀🚀This is not financial advice
REN have everything to PUMP hard, just check
Stop if 4H close below 1600sat
RENBTC Levels to watch plus base Gann trends.Created using an alignment too built into my DWEB indicator. Follow trends and levels to see if they are support or resistance.
Will Take off very soonI see inverse head and shoulder formation. #ren did not pump nowadays. Now it is the time !!!
REN💎Time Again, My Old REN 🎯REN is an excellent project, and one of the earlier projects to take off on this overall alt run. Feels like forever ago!
Looks like we're almost done with the retracement and ready to swing up for our next leg of the journey. Already breaking out of the downtrend resistance with solid volume behind it.
I'm expecting a very strong movement here with the timing lining up to the current alt push.
RENUSDT (REN) - BULLISH SETUP ANALYSIS 🔎
- RENUSDT hit a swing high and retraced.
- Price is retesting the flip horizontal support (FHS) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The retracement was bounded in the falling wedge (FW) pattern.
- The falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance as expected.
- Price action is printing the inversed head and shoulders (IH&S) pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Conservative entry : breakout above the inverse head and shoulders neckline resistance (NR) / (R1).
- Aggressive entry : market price.
TARGETS
- Horizontal resistance level (R2).
- Horizontal resistance level (R3) / swing high.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal suppor level (S1).
Inverted head and sholders on REN. BULLISH The inverted head and sholders is an important sign of trend reversal,
Your hit rate is 70%,
In this case, that pattern appears at the end of correction, so bullish!
Take a long position,
Tp at the chart in VPOC zones,
my Stop loss is just a daily candle closes below. It's avoid stop loss hunters
Is REN ready to pump?REN trending nicely on top of the 200 moving average. Elliott Impulse Wave and the correction wave have completed and Fib shows retrace back to .236 and now moving opposite direction. Could be setting up in the near future for next jump.
Thanks for your time please, like, comment, and follow!
RENUSDT LONG IN BINANCE SPOT YOU CAN SET A "BUY STOP LIMIT" ORDER ON THE TRIGGER PRICE !!!
AFTER THAT SELL 50% OF YOUR POSITION ON TP1 AND UPGRADE YOUR STOPLOSS TO YOUR TRIGGER PRICE AND WAIT FOR TP2 OR MORE ... IT MEANS : RISK FREE !!!!
JUST LIKE AND FOLOWFOR MORE ... 8D
