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Renusdollar

BUY RENUSD (bullrun can start any minute now)Hey guys, I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical. As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade. Arguments: -Correction completed ABC where C = 1.618 of A. -Correction completed .702 retracement reached for a 2. -Bullish divergence of RSI. -Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD. -Signs of correction being over on BTC as well to kickstart everything. As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
RLong
by HodlCrypot
5
REN (Ren) Token Analysis 23/03/2021Fundamentals: Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains. Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH). RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes. Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions. Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.” Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital. Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren. Technical Analysis: As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts. there are total of 3 targets where as the 1 TP will be vary easy to achieve
Long
by BitonGroup
13
REN (Ren Protocol) - Is the correction over?REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate. It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents. I have opened a trade on REN just as it broke out and will update as it goes along. This is not financial advice If you enjoyed this analysis please like and follow!
by JamesVitaly
RENUSDT (Waiting for the resistance zone Breakout)#RENUSDT(Day chart) Technical Analysis Update Waiting for the resistance zone breakout REN/USDT currently trading at $0.385 Long Entry-level: Above 0.440 (only enter long after resistance zone breakout) STOP LOSS: I will update once I see the breakout Target 1:$0.560 Target 2: $0.700 Max leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Long
by GreenCryptoTrades
5
RENUSDT (Waiting for the support line Breakout in day chart) RENUSDT (1 DAY CHART) Technical Analysis Update Waiting for the support line Breakout in a day chart REN/USDT currently trading at $0.29600 SHORT Entry level: Enter short if the 1-day candle closed below the support line. STOP LOSS: 0.3500 Support level 1 (Target 1) : $0.23500 Support level 2 (Target 2) : $0.16500 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment on your thoughts.
Short
by GreenCryptoTrades
1
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... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades
1
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.
BINANCE:RENUSDLong
by CryptoRush_
1
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.
BINANCE:RENUSDLong
by CryptoRush_
1
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.
BINANCE:RENUSD
by Dinjin