REN/USDT - False breakout, price return, exit from the triangle Hello everyone, analyzed the REN/USDT pair
On the graph, wine is all you need to make a decision.
A grid of buy orders will protect you from a big loss, if suddenly, bitcoin wants to drop lower. Trade wisely, don't overestimate the risks
This is just my opinion, and you trade in accordance with your trading plan.
Targets are indicated on the chart as a Fibonacci grid.
Stop loss, everyone chooses for himself, observing his own trading strategy
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
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LINK IN BIO
Renusdt
RSI Trend -> Something in the works?Looks like there is potential on the RSI. Once the RSI reaches oversold, perhaps there will be a pump.
Ren protocol [REN] support & Break-out setupHi everyone,
As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation.
When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this.
Strong fundamentals:
> Ren getting to the Greycore
> Partnership DigiByte (DGB) through LinkSwap bridge
> Partnership PlasmaFinance
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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This is not financial advice
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 (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
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🆓Republic Protocol/USDT Analysis (2/3) #REN $RENThere is a good strong force at 0.9$ and 1$ zones so we can expect a recovery in next days. We can start accumulating REN at 2 zones above and I think it will have a big recovery wave from March 5 and targets should be 1.4$ and 1.6$. If it can conquer 1.6$ zone, it will pump very strongly and 3$ will be reached soon!
📈BUY
-Buy: 1.00-1.05$. SL if B
-Buy: 0.88-0.92$. SL if B
-Buy: 1.55-1.60$ if A. SL if B
📉SELL
-Sell: 1.35-1.40$. SL if A
-Sell: 1.55-1.60$. SL if A
-Sell: 2.95-3.05$. SL if A
♻️BACK-UP
-Sell: 0.88-0.92$ if B. SL if A
-Buy: 0.50-0.53$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"