REN token formed bullish Gartley for upto 42% moveHi dear friends, hope you are well and welcome to the new trade setup of REN token with US Dollar pair.
Previously I shared a long-term trade setup for REN, which is still in play:
Now a daily time frame, REN has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Renusdc
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.
RENUSD possible breakout soon and levels to watch for*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.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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.
