Renusdforecast
REN- Looking good / Interoperability will be keyIntroducing RenVM, an open protocol providing access to inter-blockchain liquidity for all decentralized applications. 'Bring BTC, BCH, ZEC and more to your Ethereum app' as they state.
Interoperability, in a growing blockchain landscape might end up being the key.
I see value in the project and technically I am good to buy in it now.
ref:
renproject.io
REN could RUNif REN price breaks above this current resistance, we could see it go parabolic... REN has pretty great tokenonomics with their RenVM that generates fees and adds value to a sector of the DeFi community...I will continue to monitor Ren Darknode daily/weekly/monthly fee growth as we watch the RENUSD price for a possible breakout
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 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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*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.
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 / US DOLLAR (RENUSD) Daily Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
