RENUSDT_Daily_ Updated Analysis**************************************
Price : o.62 USDT
Entry LVL: 0.58- 0.62 USDT
Support Zone: 0.49– 0.52 USDT
Expected Return: 36%- 104%
Reward/Risk: 6.15
TP_LVL I: 0.83 USDT
TP_LVL II: 1.25 USDT
TP_LVL III: 1.66 USDT
SL: 0.46 USDT
**************************************
Renusdt
RENprotocol (REN) ready to launchREN is looking promising past days. The patern is above the EMA10 what shows that the bulls are in control.
We expect a break-out above 0.37$ trend line.
After confirmation of a clear break-out (retest trendline as support) the ATH will be tested.
Happy trading.
This is not financial advice
Top 4 ALTCOINS that retested on the last BTC dumpWe can say that todays dump made some of us sweat a bit.
Last week we had a lot of altcoins breakout. They were for most on the 4h and daily time frame.
Wich means it takes a bit of time to develop.
Today the king made them retest in a big way. And they held the trend!
Here is my top 4 of altcoins that broke out and retested AND are ready to fly.
IF it holds, IF the king doesnt continue down, IF god is with us!
Trade safe, tight SL.
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...
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10 CRYPTOCURRENCIES TO 10X IF INVESTED IN 2021 | 8: RENDISCLAIMER: The following is not financial advice. Invest at your own risk.
This is part 8 of the 10 part series of 10 Cryptocurrencies you should invest in 2021 to have exponential returns in the future.
The investment strategy centers on fundamentals and predictive models. It assumes all exponential assets obey the following:
Volume and Price action is everything.
Price always reaches the upper band (green in color in the chart) of the previous cycle high.
Ignores black swans and outliers ("A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.")
Price always regresses to the mean: Fibonacci zone 50%.
Each cycle's return diminishes by Fib levels: 100% to 78.6% to 61% and so on
Why you should invest in Republic Protocol:
Projected ROI on Log Scale: 1800% or more
Projected Price Target: 5.88524
Maximum Drawdown on Log Scale: 100 to 300%
Risk/Reward: 18X
Expected timeline: 1 to 3 years (Please note the predictive model doesn't predict time period. It simply predicts price projection)
Fundamentals of Price Movement:
Since chart data for Republic Protocol is limited, we are going to focus on key fundamentals like Problems, Solutions, Team, and Investors. Please do your research before investing. I provided links at the end to help you out. This is my favorite Defi Project among all craps.
Ren: What you need to know:
medium.com
Here is the investment research report:
medium.com
Taiyang Zhang, it's founder, is a beast. Look him up!
Massive inflows of Smart Money in Bitcoin means massive inflows of money into major altcoins based on Market Capital.
Altcoins are one cycle behind bitcoin, which means the return in altcoins will be 2X to 10X the return of Bitcoin.
Total Crypto Altcoin market cap expected to reach 2.5 to 5 trillion in this cycle.
See the chart below:
Research Materials to Learn More:
www.realvision.com
medium.com
medium.com
renproject.io
Don't forget to like this if it helps you. Welcome to the greatest wealth transfer of the generation. Check the previous post below. Next post will be about Horizen
REN looks ready for next leg upWe've been waiting patiently for REN to finish consolidating after its impressive rally last year.
The breakout on volume off of a .618 tag on bullish divergence looks very promising.
OBV is trending up, nearing highs.
If we get a close above $.38 on the daily, that's fresh bullish market structure and we'd expect this leg to take price up into the fib extension levels drawn off previous rally pivots.
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...
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