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Renusdt

RENUSDT Local Range| 200 MA| Volume Climax| Price Action Evening Traders, Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested. Points to consider, - Range High Resistance ( 200 MA Confluence) - Range Low Support - Price Action Bearish Retest - Volume Climax RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on the market. The range high us current resistance that is in confluence with the 200 MA, price has initially respected it. Breaking above this level will be bullish leading into a change in market structure. Volume profile has a valid influx node marking a temporary top, the next influx will be likely at key trade locations. Overall, in my opinion, RENUSDT is a valid short with defined risk, price action is to be used up discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Short
by AzizKhanZamani
8
REN/BTC (Retest Key Support Area?)💎Technical Analysis Summary💎 BINANCE: RENBTC -REN is rejected at the 100D Dynamic resistance area -If this small rally is over, it is likely to retest key support at the 1500s sat -From there, we will have to wait for any Bullish signs or pattern -But my recommendation is to enter only once the trendline resistance is broken upward -This will give us an early signal that the Bulls have entered the market again `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
12
Will DEFI Continue to Correct?DEFI has been a huge part of the crypto market as of late. So it is important to keep an eye on the index for this group. Today we will be looking at the DEFI ticker and see what we can find out. Let’s hop onto the chart! So since the market topped, we have watched the DEFI downtrend take place. There are some signs of a reversal here, but we need to see a higher low be put in on the price and the RSI to be sure of a reversal. Right now, we are seeing a failure on the trend line, but we could see the 61.8% retracement act as a support. If we fail here, we will likely go down to the 78.6% retracement and put in a lower low. This would likely create a second bullish divergence and we would feel comfortable taking a long position if this occurs. Overall, it looks like the trend will continue for now. Happy Trading!
FTX:DEFIPERP
by derzzycharts
REN.USDT and BTC (Y20.P3.E1).Solid trend but be patientHi All, REN is another solid performer as one just has to look at its past price action. I am anticipating after a peak like this one, it will pull back to the 21/34 EMA and\or the top of its previous channel and continue. I did see this with both KAVA and LINK so the likely chance REN does the same. There isn't much words since this post is about stalking REN. Lets see if we can get this right. Cheers, S.Sari REN/USDT 2 Day chart: upward pressure on both Phoeix and MACD indicators REN/BTC pairing chart:
Long
by ssari
3
#RENBTC Long another potential 60%REN looks prime for a LONG here ! After breakout and confirmation, we can see REN gain over 60%. For Long term holder can be easily 5x by end of year. If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there. Remember REN is a huge GEM so we can see huge potential for REN especially on the coming Bull market that will be like anything we have seen before. I am extremely bullish on REN and this is one of your long term HODL coins. Short term traders can benefit too ! 17% is not bad at all. ENTRY: CMP (2312 Sats ) Targets: 2495 2747 3989 SL: 2217. Do DCA and buy in Dip If you like these setups,join our TG channel @CryptoPeak and please hit the like button and share your views in the comment section. Remeber this always #Golden Rule #BTC moons Alts Rekt This is what I think. Share your opinion guys! Stay safe #PEACE
Long
by CryptPeak
5
RENUSDT AnalysisPeople who bought REN from Super Buy & BUY 2 signal, enjoy your 129.88 PROFIT that you made less than a month! There's also the green cloud present as a buy signal. If you are holding REN, do not hurry to sell. You can sell when there is a sell signals present or wait for candle to open-close below the support level (0.39). If you want to buy REN, wait for a candle to open closed above the support level for 1D (0.39). There's a candle above the support level but I would wait for another candle to open close since the last candle is still on the support level. After you buy, watch out for EngineeringRobo's sell signals to not lose your money or your profit.
by EngineeringRobo
1
RENUSDT ⚠️ How Low Can Ren Go In This Current Uptrend?Introduction: 💬Ren (RENUSDT) is looking good overall with its current overall uptrend, now the question remains of if this can hold going forward or if this current market structure is producing a top formation? Only Time will tell but we can surely plan accordingly for both the nest case situation of continuation and worst, being a rollover and breakdown of this current uptrend. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 Support: S1: This Bullish Orderblock is being tested ATM and we are hoping to see this be the "best case" scenario for a bottom being found. If that is not the case then we are looking at one level lower to keep us bullish. S2: We have a Bullish Orderblock and S/R flip contained within this range as shown on the chart. This range is seen as the true bull's last hope going forward, sure we could see that lower range retested but a retest of that would surely break the current uptrend structure and bring a fair amount of fear into the market. Resistance: R1: Considering that REN is in price discovery mode we are not looking at any major levels above other than the current range swing high where a Bearish Orderblock has been identified. If we get a break above this level and go higher it is expected that a retest would be a good entry point for a c continuation play. Summary: While REN is currently uptrending, we are cautious as this most recent cyclical move shows potential weakness is REN's price structure. Bulls better be planning for the worst and hoping for the best because this could surely get pulled down by the large-caps moving in lockstep with one another if a BTC or ETH correction happens. At the same time though this uptrend would be significantly attractive to anyone looking for a speculative long and so if large-caps make a move higher this one has room to run.
by AlphaBotSystem
7
RENUSDT Looking Like It Will Continue To Set Higher Highs... Ren is still looking bullish... If we can get a break out AND a close above the two tops we could see REN move up another 20ish percent. Ignore my long position graph i only trade FUD and FOMO... jk but i am feeling quite confident REN will continue its bull run and break out to new highs.. Based on the short term decline in price from the top, we may see a bit more of a correct within our ascending wedge before another solid breakout happens. Ascending Wedge is looking tasty and i'm going to be keeping my eye on the Volume and Momentum indictors for further reassurance. Let me know what you think. :)
Long
by pat71ck
2
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.
BINANCE:RENUSDLong
by InBtcWeTrust