REN Easy TradeRen looks strong but don't forget BTC can influence the trend. so be fast if BTC dip to stop and take profits if BTC pump!
-We have big support on the trend line at 0.30$
-We are in a good demand Zone
So if u want to play it safe here we go :
Buy zone : Wait for 0.33$+ ! to be sure Ren breaks up 3EMAs!
TP1 : before 0.39$ ( Before 61.8% for safety )
TP2 : before 0.50$ ( Only if it breaks 0.40$ Strongly!) (78.6% Fibo)
Stop Loss : 0.28$
Happy Tr4Ding !
Renusd
RENUSDT (Reversing From Support)#RENUSDT (4H CHART) Technical Analysis Update
Reversing From Support ine
REN/USDT currently trading at $0.3190
LONG ENTRY LEVEL: Above 0.3320 (only enter long after 4h candle close above resitance level at 0.3320
STOP LOSS ( support): Below $0.2840
Resistance level1(target):$0.3970
Resistance level2(target):$0.47600
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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REN approaching pivotal point?I dont typically like charting coins new to the coinbase exchange because of the "Coinbase Affect" but here is REN looking like it wants to touchdown on what I can consider an important support line, just food for thought.
RENBTC - Positive reaction of supportAt this moment, according to lower resolutions, I think it more likely to goes up but since that Risk/Reward is not good for me.. I haven't open long.
Short term drop imminent? Lower volume. BTC is not boosting it at all. Slow bleed and low volatility. Not enough buyers.
Kinda feels like the whale has left the building and is waiting for a lower price to buy in.
Not selling off like the market - is there more upside?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Not selling off like the market - is there more upside?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
REN.USDT (Y20.P4.E1).Price Action explainedHi,
Keeping it short as I'm looking for an entry as this has shown some strength and the pullback is in progress.
I have 2 levels of interest, here and the blue one.
OBSERVATIONS:
======================================
> Bottom structure\reversal seems to be complete and is unlikely to test all the way down as per neckline, if so, too deep and hence not interested;
> On the 4 HRLY, we have confluence with the MA and fib. levels (min. requirement is 2 elements) with confluence;
> We have convergence with the MACD;
> Now we are looking for that bullish candlestick on the 4 hrly or possibly 2 hrly;
> And we have an uptrend on the smaller time frames, hence this is not something I'm saying to go Macro long; Just an potential opportunity until stopped out.
Lets see how we go on this likely opportunity;
Please give me a like or tick for this post.
Regards,
S.SAri
Closeup
Daily chart: Phoeix and Macd show upward pressure;
Price above all 4 ema's.
RENBTC - Looking for pullback to short entryRENBTC has broken down the uptrend and faced with MA resistances.
On lower frames, we can see positive divergence.. So a pullback is probably on the way.
We will looking for a good entry point for short position.
Ren Making Higher Highs. RENUSDSure does! We might see a little drawback first thought, as divergence on the RSI indicator. And there are quite a few fractals at play here. Zooming out, we can see that we have successfully completed Wave 1 and 2. All that is on the chart is some part of Wave 3. Hold on to your.. well.. hats - this one should climb quite a bit being a DEFI token. Goals are in gold, invalidation in red. NFA.
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
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REN/BTC (Bearish Trendline Breakdown)BINANCE: RENBTC
-After the broken trendline of support break down
-The price fell down by -30% its value
-The next major of support is located at 2100 sat range
-This is a previous key resistance before the strong uptrend last August 10
-Let's wait if REN can hit this area of confluence and look for a buying opportunity
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REN ThoughsI see a move like this for REN. ~$2.00 for next parabolic top before next macro distribution/accumulation phase.
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:
