RENUSD - Primed For A SpikeRENUSD is showing negative MACD histogram on the 30 minute chart, as well as an OBV high for the month, indicating an undersold asset ready for positive price movement. RSI also indicates that it is undersold. A good time to buy!
Renusd
Still aboard the MF REN spaceshipI'm still aboard the MF REN spaceship, patience is key.
Reachable target. The question is not how but when it will happen.
REN- 68% Higher Since Last Post (Resistance ahead)REN has been doing well and almost 70% higher since our last post.
At this stage the price is approaching resistance at 1,05$ with 1.75$ being the next profit Target.
Keep it up,
the FXPROFESSOR
REN swing test- bullish pennantThe price is currently testing the previous highs from June 2021. If bulls manage to defend this level, this could be a good buying opportunity.
Entries:
Aggressive- 0.65
Stupid and greedy - after 0.71 is reclaimed
Safe- after upper trendline of the triangle or 0.86(TP1) is reclaimed
Long term targets only:
TP1: 0.8611
TP2: 1.1001
TP3: 1.3764
TP4: 1.7539
(short-term traders will figure this out themselves)
Remember about risk management, especially that BTC has been quite volatile lately.
REN - How our Levels worked During today's 'Storm'Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
the FXPROFESSOR
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
RENUSD daily scaleit can be in this shape of moving , at first sharp descending trend and then bull with ab=cd pattern
RENUSD SellHello traders!
Renusd is in the correction form and it is now ready to break it downside.
Stoploss is -4% of the investment and the target is 12% of the investment.
Thanks for your appreciation, don't forget to hit the like button and follow to stay connected.
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/USDthis bullish channel can push the price very well.
put your SL by crossing channel down.
your TP is top of channel.
REN/USDTNice RRR and potential brake out give us good chance to take profits. After the 1st TP will be hit you can set your SL to the entry position.
If the BTC will stay with minimal volatility we can go up :-)
Enjoy the weekend.
LbL_CZ
REN +15% BreakoutHi guys,
Ren short term trade setup, braking out of downward channel.
A shot to 1.18 from here really soon.
Not financial advice.
DYOR
Cheers!
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!
Will Take off very soonI see inverse head and shoulder formation. #ren did not pump nowadays. Now it is the time !!!
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 triangle breakout setting up for a reversal.Currently trading at more than 40% less than all time high. Expect a run on REN. Reverse Head and shoulder and trendline breakout will send it higher back towards the $1.44 levels and above.
