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RENBTC

Ren Price Analysis REN / BTC: Testnet ExcitementFundamental Analysis Ren is gaining momentum prior to the launch of RenVM Testnet. The team has spent a month focusing on improving its stability and is getting close to the actual release. This is an important milestone for the project, since it puts it closer to the launch of RenVM Mainnet. Ren / Bitcoin Short-term price analysis Ren has a bullish short-term trading outlook against Bitcoin, with the REN / BTC pair advancing to a new all-time price high. The four-hour time frame shows a series of invalidated head and shoulders patterns, with the REN / BTC pair already achieving its bullish invalidation target. Technical indicators on the four-hour time frame are bullish and continue to issue a buy signal. Pattern Watch Traders should note that a technical correction may occur now that the REN / BTC pair has reached its upside objective in the short-term. Relative Strength Index The Relative Strength Indicator on the four-hour time frame is bullish, although it is trading in extreme overbought territory. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to generate a strong buy signal. Ren / Bitcoin Medium-term price analysis Ren has a bullish medium-term outlook against Bitcoin, with the REN / BTC pair performing a major technical breakout on the daily time frame. The daily time frame shows that the recent advance in REN / BTC pair has created a large inverted head and shoulders pattern, with the cryptocurrency now trading above the neckline of the bullish pattern. Technical indicators on the daily time frame are bullish and continue to generate a buy signal. REN / BTC Daily Chart by TradingView Pattern Watch Traders should note that the overall target of the bullish pattern on the daily time frame would add more than seventy percent to the value of the REN / BTC pair. Relative Strength Index The RSI indicator is bullish on the daily time frame, although it is starting to appear overbought. MACD Indicator The MACD indicator is bullish on the daily time frame and is generating a strong buy signal. Conclusion Ren has enjoyed eight consecutive days of trading gains against Bitcoin, with the REN / BTC pair advancing to a new record all-time trading high. The newly created bullish pattern on the daily time frame is warning that the REN / BTC pair could continue to make substantial gains over the medium-term.
RLong
by CryptoBriefingTA
1
[RENBTC](116%) Ren Trade Setup @alanmastersRen (RENBTC), available on Binance, is getting ready for action. It might take a few more days of consolidation, maybe 2-3 weeks maximum for a strong move... We will see how this one goes. Enjoy the trade. --------------- Trade: Ren (RENBTC) BUY: 0.00000395 – 0.00000425 (410) NEXT SUPPORT: 0.00000340 TARGET: (1) 0.00000525 (2) 0.00000595 (3) 0.00000705 (4) 0.00000785 (5) 0.00000885 STOP: Close weekly below 0.00000300. --------------- This is not financial advice. Feel free to hit like to show your support. This is Alan Masters. Namaste.
RLong
by AlanSantana
RENBTC BREAKOUT incoming: Nice gain potential BINANCE:RENBTC Hey Guys. Second publish. I'm very happy to share my ideas here and polishing this strategy. Very interresting setup for RENBTC on the 15 min chart / Line breaks candles sticks. Beaware, im not using normal candles sticks ( why ?) Because .i find out that line breaks in 15 min timeframe , show me better opportunities for breakouts and an overall look on trends without the noise of big wicks . I dont care about precice price charts candles. I want to see the BIG PICTURE. I tried with smaller timeframe but i find out that 15 min work very well with this strategy and actually gives me good results. So let analyse this move for REN First of all . Entry point , we have two options. Risky one and Safer one Risky: Entry point at 420-450 sats Safer: 455-460 ( waiting for breakout confirmation ) STOP Loss : Risky option: 370 ( Bigger risk of loss but smaller chance it hit the stop loss before it go up again and hit our target. ( Do you own homework and determine your own risk management ) Safer option: 410 ( Smaller loss if it go south but bigger change it hit your stop loss and then go back and you know the story) Taking profit along the uptrend: TP1- 523 ( 15% gain ) ( This is the safest take profit and the most likely to hit target ) if you are not looking to hit a big HOMERUN , i always take profit at my fib 2 level. This level is equal to the amplitude of the latest retracement . Meaning the last retracement was 15% correction before his support and bounce back) TP2- 595 (30%) TP3_ 667 (46%) *Always do you own homework.This is not financial advice.Im not recommanding any purchase or selling strategy.This is my own personnal opinion. This kind of investment is risky and you are responsible for you final output* Thank you again Jsl
RLong
by Sariol_Trades
Ren Removes All Gains, Prepares for 100%+ Next WaveRemember Ren (RENBTC)? This little gem generated us over 111% profits on our last trade on Binance, and the charts are getting ready for a second run. You can see our previous trade here for results and additional details: RENBTC has removed all gains from its last bullish wave and is looking to create a double bottom. Our last entry recommendation was around 420 - 460 satoshis, the current price at the time of this writing is 423 satoshis, showing that RENBTC is reaching support and preparing for a second run. All the details are marked on the chart: All targets on the main chart. Weekly close below bottom dashed line is our stop loss. Feel free to hit like now. It can take several months for this trade to fully develop. This is a friendly reminder. Enjoy the profits. Thanks a lot for reading. This is Alan Masters. Namaste.
RLong
by AlanSantana
5
RENBTC SignalRENBTC has been trending upwards since early February. Its current prices are good to enter on a continuation of this trend. RENBTC is a highly volatile coin so stoploss must be below the previous low. This makes this trade higher risk than others we have posted. Use a small amount of capital on this trade. Ladder your buys between: 0.00000504 - 0.0000517 Target 1: 0.00000524 Target 2: 0.00000546 Target 3: 0.00000562 Target 4: 0.00000609 Target 5: 0.00000663 Stoploss: 0.00000475
RLong
by CoinAndCrypto
RENBTC LONG BINANCE via VPVR ICHIMOKU FIB OBV and ADXDespite the powerfully momentous sell off since the REN ICO, we have seen a very aggressive reaccumulation from the markets constituents under 0.00200000. The short term trend is looking rather Bullish. On Balance Volume is drastically under the trend angle, indicative of an obvious accumulation opportunity for institutional traders. The Possitive DMI is above the 20 line and is about to bounce off the ADX, which is also above the 20. We can see that the Tenkan-sen and Kijun-sen are about to cross in Bullish behavior. We can also see that the Kumo Cloud is about to Twist. Likely the strongest indicator to be taken here in terms of market repectecting an indication. Price is consolidating above the Point of Control and my speculative Take Profit targets are based off of High Volume and Low Volume Node mountains and valleys as we should all know how price likes to move from LVN to HVN and vice versa. TPs are also in confluence with a Fibonacci extension taken from the latest reaccumulation swing directly after the Climactic Sell off. If I were to take this trade, I would use the pertinent values of the Ichimoku Kinko Hyo relative to that point in the future. Please let me know if you have any input here. For a bit of fundamental analysis, the parent company of REN is MSFT. The current strong bullish trend for Microsoft has been mirrored by RENTBTC and RENTBNB on BINANCE. And general adoption of aunanoymous coins is ground exponentially accross all exchanges. Thank you for taking the time to read this.
RLong
by BTFDHODL83