REN is ready to go upLast week, REN / BTC hit a rough patch after a strong start to the year. REN is used for ‘wrapping’ assets on Ethereum and is pretty popular.
REN is needed to create a ‘darknode’, which wraps BTC, BCH, and ZEC, bringing them to the Ethereum network. Darknodes earn fees and with the wrapped BTC (or other asset) holders have it both ways: they keep their Bitcoins while also interacting with DeFi and earning fees on various platforms.
Over $540 million worth of Bitcoin is now wrapped with REN.
To see if REN’s rally would continue in the short-term, we’ve asked the following question on Cindicator’s Hybrid Intelligence platform:
“The cryptocurrency Ren (REN/BTC) settled at 0.00001839 BTC at 08:03 AM UTC at the binance exchange on Monday, January 25. In your opinion, will REN/BTC trade above 0.00002181 BTC (+18.59%) at any time before February 8?”
Assurance: 74%
So Hybrid Intelligence believes that REN will go up over the next two weeks.
This is not unrealistic given that in BTC terms, REN is still far from its August all-time high or even its October levels.
RENBTC
REN/USDT 80% up from our entry so please take profit#REN/USDT Profit Update:-
#REN/USDT currently trading at $0.92
And went up to $0.99
Hope you all are very happy.
Entry:- $0.56 ✅
Targets:-
TP1:- $0.66 ✅
TP2:- $0.755 ✅
TP3:- $0.92 ✅
All Targets has been achieved.
Total pure profit is 80%
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REN/USDT 34% up from our entry....enjoy#REN/USDT Profit Update:-
#REN/USDT currently trading at $0.72 and went upto almost $0.75
Which is our 2nd Target.
So
Entry:- $0.56 ✅
Targets:-
Target 1:- $0.66 ✅
Target 2:- $0.75 ✅ went upto $0.7499
So total 35% pure profit from our entry zone.
Hope you earned lot money.
Still bullish but now you can book profit.
And if you want to hold then please Secure your principal amount.
Mean to sat that you can hold your profit.
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REN/USDT TA bull Flag update#REN/USDT TA Update:-
#REN looks bullish flag as per TA analysis.
So good time to buy.
I will give 2 best entries.
Entry1:- $0.56
Entry2:- $0.49
Targets:- $0.66/$0.755/$0.92
Stop Loss:- I will update.
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RENUSDT_Daily_ Updated Analysis**************************************
Price : o.62 USDT
Entry LVL: 0.58- 0.62 USDT
Support Zone: 0.49– 0.52 USDT
Expected Return: 36%- 104%
Reward/Risk: 6.15
TP_LVL I: 0.83 USDT
TP_LVL II: 1.25 USDT
TP_LVL III: 1.66 USDT
SL: 0.46 USDT
**************************************
Top 4 ALTCOINS that retested on the last BTC dumpWe can say that todays dump made some of us sweat a bit.
Last week we had a lot of altcoins breakout. They were for most on the 4h and daily time frame.
Wich means it takes a bit of time to develop.
Today the king made them retest in a big way. And they held the trend!
Here is my top 4 of altcoins that broke out and retested AND are ready to fly.
IF it holds, IF the king doesnt continue down, IF god is with us!
Trade safe, tight SL.
RENUSDT (Waiting for the resistance zone Breakout)#RENUSDT(Day chart) Technical Analysis Update
Waiting for the resistance zone breakout
REN/USDT currently trading at $0.385
Long Entry-level: Above 0.440 (only enter long after resistance zone breakout)
STOP LOSS: I will update once I see the breakout
Target 1:$0.560
Target 2: $0.700
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
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REN looks ready for next leg upWe've been waiting patiently for REN to finish consolidating after its impressive rally last year.
The breakout on volume off of a .618 tag on bullish divergence looks very promising.
OBV is trending up, nearing highs.
If we get a close above $.38 on the daily, that's fresh bullish market structure and we'd expect this leg to take price up into the fib extension levels drawn off previous rally pivots.
Ren Protocol (RENBTC) Holds At EMA100, Long-term ChartRen Protocol (RENBTC) peaked in late August 2020 after a massive bull run.
This bullish run printed a total of 1510% in profits.
Now, a strong correction took place for 3.5 months and is likely coming to an end.
We can see that RENBTC went below the 0.786 Fib. retracement level of this last bullish run.
Support was found at EMA100, blue line, where we can see a long lower wick on last's week's candle, and this week we see prices moving up.
If EMA100 holds, Ren Protocol can finally resume its growth.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
REN/BTC - 325% Coming - KEEP EYE ON ITAs you know i'm expecting BTC go sideways in the coming month. I hope altcoin will move up by this time. So Ren/Btc have great potential. Keep an eye on it.
My Long entry: 0.00001470
Stop Loss : 0.00000850 (- 42%)
Target 1 : 0.00006250 (+325%)
Target 2 : 0.00007880 (+ 436%)
You you are following my signal & idea. Comment below & keep supporting me. Thank you.