REN on the dailyRen is an interoperability platform aiming to connect popular blockchains, according to them you can transfer your tokens between different blockchains without worrying about compatibility.
✅ A big Cup & Handle has been formed in the last few months
✅ A breakout of this pattern has happened few days ago
✅ We need a daily candle close above the 1.11$ to confirm the breakout
✅ Suggested levels that are shown in the chart measured and based on the levels that the breakouts can give
✅ MACD crossed and showing a nice momentum
✅ RSI also suggests that we are going up
⛔️ If the breakout failed we will go back to the 0.61-0.92 channel where the 200EMA can hold as a Strong support
⛔️ A daily close above 0.61$ will suggest that we are going down again
⚠️ September is a tricky month for Crypto,be extra careful.
⚠️ The leader in this market is Bitcoin , keep an eye on it .
RENBTC
REN/BTC buy opportunityHi followers,
RENBTC Formed great trading setup, after forming a rounding bottom, with higher lows and highs.
The price broke above important resistance area, the retest of the breakout is a safe place to enter the trade.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
REN BTC WEAKLYLooks like starting uptrend. Breackout with high volume, sucsesfull test and i think RENBTC will continue to grow.
RENBTC IS BULLISH Ren is Looking Bullish Here
BUY BETWEEN 1400-1500
TARGET 1:- 1800
TARGET 2:- 2280
TARGET 3:- 2750
TARGET 4:- 3350
STOP BELOW 1280
GOOD LUCK
REN- I like this Chart at this Stage but No Stimpy? They use to tell me 'Ren to Ten'... I am happy with 1$ and 1,8$ that I can see on the chart.
REN is a nice project and they seem to have found some purpose in thei industry:
Ren is bringing decentralized stablecoins to Dogecoin (DOGE) and others
Stablecoins created using Bitcoin, Dogecoin, Digibyte, and others can now be used for reliable payments & DeFi transactions.
What I really don't like is their marketing/management.. I google REN and the first result I get is ' Ren and Stimpy' which was the funniest thing to watch back in the day during my times in the MidWest. Coming from Europe I ahd no idea what this was, until I ended up watching it sometimes too. (Gross neurotic chihuahuas can be funny ).
One Love,
the FXPROFESSOR
REN/BTC { REN } - BULLISH SETUPANALYSIS 🔎
- REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis.
- Price is testing the descending triangle's inclined resistance as well.
- There's a breakout potential above the descending triangle's inclined resistance.
- This breakout can be seen as a bullish signal.
BUY ENTRY ⬆️
- Breakout above the descending triangle's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (@0.00003350).
- Horizontal resistance level (@0.00004975).
SETUP INVALIDATION ❌
- Breakdown below the descending triangle's horizontal support level (@0.00000863).
RENUSD daily scaleit can be in this shape of moving , at first sharp descending trend and then bull with ab=cd pattern
REN.BTC (Y21.P5.E1).Potential.Bullish breakHi All,
We are currently in the accumulation area for REN against BTC.
Here I see a potential inverted HS or breakout trade.
It doesn't seem REN making big moves yet but its one to keep an eye on as REN against USDT is slowly getting there.
MACRO Picture
All the best,
S.SAri
REN/BTC { REN } - BULLISH SETUPANALYSIS 🔎
- REN/BTC is bounded in the descending triangle pattern.
- Price is testing the descending triangle's horizontal support.
- The swing downtrend was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- Price action is printing the inverse head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the inverse head and shoulders neckline resistance.
- Limit entry: Retest of the right shoulder's horizontal support level.
TARGETS 🎯
- The descending triangle's inclined resistance.
- There's a brokeout potential of the descending triangle's inclined resistance.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the right shoulder's horizontal support level.
- Final invalidation: breakdown below the descending triangle's horizontal support (@0.00000863).
RENBTC After Breakout Can Go Up
Welcome back Traders, Investors, and Community!
RENBTC After breakout it is expected to go up
⬆️Buy now or Buy at 0.00000965
⭕️SL @ 0.00000850
✅TP1 @ 0.00001240
✅TP2 @ 0.00001560
✅TP3 @ 0.00002099
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ren/btc 1w It's very likely bottomed Considering ren/btc pair was topped out on august 2020 that heavy correction is ended. Rsi falling resistance line has already been broken. Orange channel support worked nicely and yellow falling wedge is broken as well. Once we see 1443 sat level been broken to the upside that we might see substantial move.
REN i'll be waiting for new buy level REN
Best entry with back to demand level
ENTRY : 0.763
TP : 1.15
SL : 0.575
Risk : 25%
Profit : 50%
time to buy RenWait 4H for the candlestick to close. If the candlestick closes above the downtrend line, you can open a buy position. The targets are marked on the chart.
REN: 2.5k - 3.5k - 5.5k - 7.5k - 8.5k stsA long trip is waiting for REN :)
2.5k - 3.5k - 5.5k - 7.5k - 8.5k sts
REN BTC Daily. Under the Radar Defi....Moving Up?REN Protocol. I hold this coin, it's fundamentally extremely good, I have no doubt this coin will do extremely well. Check out a very good recent piece on REN by 'Selcuk Aslantas' on Medium.
To me, the chart looks good. A break out of the recent downtrend looks underway. Price has broken through the descending dashed line and is now approaching the 180EMA. If we can close above this EMA then I see this as a potentially very good long opportunity. But, waiting for this trade to develop has taken some time!
Note the bounce off the Fibonacci 0.786 retracement.
Neutral for now with a bullish sentiment!! Go REN....
$REN/BTC 3D (Binance Spot) Big falling wedge breakout and retestRen (formerly known as Republic Protocol) broke bullish few months ago and looks ready to push higher now.
Current Price= 0.00001572
Buy Entry= 0.00001594 - 0.00001370
Take Profit= 0.00002362 | 0.00003330 | 0.00004375
Stop Loss= 0.00001130
Risk/Reward= 1:2.5 | 1:5.25 | 1:8.22
Expected Profit= +59.38% | +124.70% | +195.21%
Possible Loss= -23.75%
Fib. Retracement= 0.5 | 1 | 1.5
Margin Leverage= 1x
Estimated Gain-time= 6 months
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
RENBTC🚀🚀🚀This is not financial advice
REN have everything to PUMP hard, just check
Stop if 4H close below 1600sat
Will Take off very soonI see inverse head and shoulder formation. #ren did not pump nowadays. Now it is the time !!!
