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RENBTC

REN/BTC (Retest Key Support Area?)💎Technical Analysis Summary💎 BINANCE: RENBTC -REN is rejected at the 100D Dynamic resistance area -If this small rally is over, it is likely to retest key support at the 1500s sat -From there, we will have to wait for any Bullish signs or pattern -But my recommendation is to enter only once the trendline resistance is broken upward -This will give us an early signal that the Bulls have entered the market again `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
12
REN.USDT and BTC (Y20.P3.E1).Solid trend but be patientHi All, REN is another solid performer as one just has to look at its past price action. I am anticipating after a peak like this one, it will pull back to the 21/34 EMA and\or the top of its previous channel and continue. I did see this with both KAVA and LINK so the likely chance REN does the same. There isn't much words since this post is about stalking REN. Lets see if we can get this right. Cheers, S.Sari REN/USDT 2 Day chart: upward pressure on both Phoeix and MACD indicators REN/BTC pairing chart:
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by ssari
3
Ren Protocol (REN) Goes Parabolic... Next TargetRen Protocol (RENBTC) is no longer a "hidden gem" but quite known right now... It's gone parabolic. Its price has grown by 1159% since the early Septemeber 2019 low. Prices are likely to peak soon. Here I am sharing the next potential targets based on Fib. proportions. This is not financial advice. You need to build your own plan/strategy before you trade. We normally don't buy or considering buying with such a chart, we trade based on TA. When prices are already moving and also high, the risk becomes higher. For low risk and high potential reward, we look for altcoin pairs/charts that are bottomed out and trading near lows/support... This is what gets us the best results. The only real problem you can have while trading crypto at this stage in the market, a bullish altcoins market, is underestimating how far up these altcoins can go. The potential is huge... We can only guess based on the different tools we have, but they tend to go higher and for longer than we thought... This is a good problem to have... The more the market grows, the better it gets for all those involved. Namaste.
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by AlanSantana
5
#RENBTC Long another potential 60%REN looks prime for a LONG here ! After breakout and confirmation, we can see REN gain over 60%. For Long term holder can be easily 5x by end of year. If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there. Remember REN is a huge GEM so we can see huge potential for REN especially on the coming Bull market that will be like anything we have seen before. I am extremely bullish on REN and this is one of your long term HODL coins. Short term traders can benefit too ! 17% is not bad at all. ENTRY: CMP (2312 Sats ) Targets: 2495 2747 3989 SL: 2217. Do DCA and buy in Dip If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section. Remeber this always #Golden Rule #BTC moons Alts Rekt This is what I think. Share your opinion guys! Stay safe #PEACE
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by CryptPeak
5
RENBTC Double Top| Impulse Sell| Structural Support|21EMAEvening Traders, Today’s analysis –RENBTC- impulse sell coming into structural support where a bounce is probable. Points to consider, - Local double top - Support flipped (local resistance) - Structural support confluence - Oscillators above 50 - Volume below average RENBTC had an impulse reaction from its double top region, breaking a key level now turned local resistance. Structural support is the immediate trade location; it has technical confluence with the .50 Fibonacci, a bounce is probable at this key level. The 21 EMA and 200 MA are visual support guides; price likes to back test them with each impulse move away. Both oscillators are above 50, returning to neutral territory. Trading above the 50 mid-point gives a bullish bias on the market. The immediate volume is below average, an influx is probable when approaching key trade locations i.e. structural support. Overall, in my opinion, the structural support region is likely to be tested which will allow for a valid long with defined risk. Price action is to be used upon discretion/ management of the trade. What are your thoughts? Thank you for following my work! And remember, “a greater probability of one thing happening over another. In a sense, technical analysis allows you”― Mark Douglas
RLong
by AzizKhanZamani
RENUSDT ⚠️ How Low Can Ren Go In This Current Uptrend?Introduction: 💬Ren (RENUSDT) is looking good overall with its current overall uptrend, now the question remains of if this can hold going forward or if this current market structure is producing a top formation? Only Time will tell but we can surely plan accordingly for both the nest case situation of continuation and worst, being a rollover and breakdown of this current uptrend. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 Support: S1: This Bullish Orderblock is being tested ATM and we are hoping to see this be the "best case" scenario for a bottom being found. If that is not the case then we are looking at one level lower to keep us bullish. S2: We have a Bullish Orderblock and S/R flip contained within this range as shown on the chart. This range is seen as the true bull's last hope going forward, sure we could see that lower range retested but a retest of that would surely break the current uptrend structure and bring a fair amount of fear into the market. Resistance: R1: Considering that REN is in price discovery mode we are not looking at any major levels above other than the current range swing high where a Bearish Orderblock has been identified. If we get a break above this level and go higher it is expected that a retest would be a good entry point for a c continuation play. Summary: While REN is currently uptrending, we are cautious as this most recent cyclical move shows potential weakness is REN's price structure. Bulls better be planning for the worst and hoping for the best because this could surely get pulled down by the large-caps moving in lockstep with one another if a BTC or ETH correction happens. At the same time though this uptrend would be significantly attractive to anyone looking for a speculative long and so if large-caps make a move higher this one has room to run.
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by AlphaBotSystem
7
Ren Protocol (Going Back 1.5 Years...)Hello my fellow cryptocurrency trader, let's do it a bit differently today. I would like to show you the second chart we ever published for Ren Protocol (RENBTC). This one is dated Feb 19, 2019... See it here: Ren (RENBTC) A Hidden Gem?/b] Yes and no... A hidden gem no more since RENBTC even now after massive bullish action continues to grow. Where is the top? Who knows, we can only speculate since cryptocurrency is completely wild/crazy and it can surprise even the most experienced of us. But here I've marked the Fib. levels, which is a great indicator as to where prices will stop. Feel free to hit LIKE to show your support. Namaste.
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by AlanSantana
4
REN Protocol - Mainnet RenVM has launched! Bullish!As of May 27th, 2020, the Ren Team has successfully deployed the RenVM code to mainnet. This accomplishment is a massive leap forward for the DeFi space as we currently know it. Never before in the cryptocurrency ecosystem have we been able to utilize a custodian with such features as: trust-less, backed securely in value 1:1, linearly scale-able, decentralized – all packed together in one. TL;DR - RenVM is a decentralised crypto asset custodian that: - enables universal interoperability between blockchains: anyone can use RenVM to send any asset to any application on any chain in any quantity. - has robust security: large bonds, large shard sizes, and continuous shuffling make RenVM extremely difficult to attack, even for irrational adversaries. In the unlikely event of a successful attack, RenVM can restore lost funds. - is scalable: as more assets are locked into the custody of RenVM, the algorithmic adjustment of fees allows RenVM to automatically scale its capacity to meet demand. - provides an optimal user experience: users can interact with multiple assets, applications, and chains with only one transaction.
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by InBtcWeTrust
Ren ($RENUSD) 🟥 | Why Ren Never Works Out The Way You Plan🟨 Ren's RenVM MainNet is almost here and the bulls are still charging ahead. The upcoming technology is impressive and so is this run. Let's look at some levels to see the bull's path to glory and the bear's best chance of revenge. Support: The S1 S/R flip is the first point of support for the bulls. Finding support here preserves bullish momentum, which is exactly what the bulls want to see. If S1 can't hold, it likely marks the start of a proper corrective move. If we do get a corrective move, the S2 orderblock formed at the swing low and the S3 S/R flip at the clear price pivot point should both see reactions as illustrated on the chart. We would expect any healthy corrective move to find support on the S4 orderblock formed from the move up. If S4 can't hold, then the overall bullish price structure will be lost and REN will need to be reassessed. Resistance: The bulls don't have any real resistance to contend with given how hard REN has run. With that said, any support created now stands to work as resistance on the way back up if and when bulls falter. So that is worth keeping in mind for bears and bulls alike. Summary: REN has shown real strength, and it is never a bad idea to bet on a crypto that is showing strength. What the bulls want to do here is either keep running, with perhaps a quick touch of S1, or consolidate and then lift off again at S4 or higher. There is lots of room for bulls to keep this going into the MainNet launch, but if price structure is lost things can change quickly and much of the hard-won gains may start to be given up, so make sure to manage risk. Resources: www.prnewswire.com Hit that 👍 button to show support for the content and help us grow 🐣
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by AlphaBotSystem
1