Renusd
Breakout!! Interesting chart setup here. Bounce from the long term support, Breakout of the downtrend resistance and right at 0.23 fibonacci resistance!! a break of the resistance and test of 0.5 fib resistance is on the cards. the next steps will be determined based test of 0.5 fib resistance. a breakout with good volume will set it up for a run higher.
Entry - 21000 ren at 0.49
Trade - open
buy REN to pay your RENTShort term REN trade setup. Great risk to reward on a high quality crypto project with actual use case.
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%
REN/USD BullishREN has always been on of my favorite coins.
Looking at this, i'm feeling a possible breakthrough.
REN rising to the top.
I say REN goes to $2.00 possible $2.15
Lmk what you think!
REN pullback?There are big possibilities we could see some pullback here due to RSI on 4 hour and below already on overbought area. RSI on lower TF also make bearish divergence. Big support around 0.9 cent and 0.8 cent area. This could a great place to long. Daily RSI also trying to make a pullback and on healthy level . We will see some pump if BTC going sideway or dint dump.
But there are possibilities we could go lower due to volatility of BTC . If BTC crash from here, we could see REN will follow to dump.
REN is very good project which didn`t pump hard yet.REN is very good project which didn`t pump hard yet. So If you are searching coin which didn`t made 200% in last month it can be good investment for you. But of course we recommand diversification on all coins from our golden list - this is key to success.
If you want to know our golden list of altcoins for this bullrun and play with us on short term signals feel free to join us on our website!
Ren is in an upward channelMy projection still stands @ $1.18-1.24 for this current run-up. Hopefully, BTC doesn't come in with a wrecking ball before we reach our target.
Still learning
Trade at your own risk
DISCLAIMER
I'm an idiot with a crayon drawing imaginary lines on an imaginary currency chart about an imaginary currency. Anything can happen.