Short term drop imminent? Lower volume. BTC is not boosting it at all. Slow bleed and low volatility. Not enough buyers.
Kinda feels like the whale has left the building and is waiting for a lower price to buy in.
Renusdt
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
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*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.USDT (Y20.P4.E1).Price Action explainedHi,
Keeping it short as I'm looking for an entry as this has shown some strength and the pullback is in progress.
I have 2 levels of interest, here and the blue one.
OBSERVATIONS:
======================================
> Bottom structure\reversal seems to be complete and is unlikely to test all the way down as per neckline, if so, too deep and hence not interested;
> On the 4 HRLY, we have confluence with the MA and fib. levels (min. requirement is 2 elements) with confluence;
> We have convergence with the MACD;
> Now we are looking for that bullish candlestick on the 4 hrly or possibly 2 hrly;
> And we have an uptrend on the smaller time frames, hence this is not something I'm saying to go Macro long; Just an potential opportunity until stopped out.
Lets see how we go on this likely opportunity;
Please give me a like or tick for this post.
Regards,
S.SAri
Closeup
Daily chart: Phoeix and Macd show upward pressure;
Price above all 4 ema's.
RENUSDT AnalysisEngineeringRobo and I are both bullish about REN at the moment
If you are holding REN at the moment, it would be advisable to hold and sell with EngineeringRobo sell signals aim to sell at the .4468 resistance level.
- If you are interested in buying REN, you can buy now with EngineeringRobo Bull signal (between 0.305 - 0.324).
- You could buy if the candles break the 0.4468 resistance level, turning it to the support level
Pay close attention for those EngineeringRobo sell signals!
If you're looking to use EngineeringRobo, DM me!
RENBTC - Looking for pullback to short entryRENBTC has broken down the uptrend and faced with MA resistances.
On lower frames, we can see positive divergence.. So a pullback is probably on the way.
We will looking for a good entry point for short position.
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
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
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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!
REN/USDT - Short on Binance - Aiming for 2 TPsHello traders
I'll try to share a few trades a day from now on
First one of the day
A short on REN/USDT with 2 Take Profits
- TP1 a bit before the Weekly Traditional Pivot S1
- TP2 a bit before the SMA 100 Daily
This is a swing trade based on an hourly chart so it might take some time to develop
Will update if hard exited and when I'll set my Stop to breakeven
REN/BTC (Bearish Trendline Breakdown)BINANCE: RENBTC
-After the broken trendline of support break down
-The price fell down by -30% its value
-The next major of support is located at 2100 sat range
-This is a previous key resistance before the strong uptrend last August 10
-Let's wait if REN can hit this area of confluence and look for a buying opportunity
**If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
RENUSDTPossible Cup and Handle formation on the the 2hr. Given the market mood, use a tight stop. Not advice. Good luck!
REN 31/08/20Between that wedge and it's score on quantifycrypto.com I thought it would be good to hold a little bit of this, have set an alert to check it's score if it touches that lower support
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:
REN/BTC +250% "W" Bottom Breakout Hopium What looks like a giant "W" or double bottom formation breakout.
A bit late posting this as it is 30+% over the breakout point.
Still roughly 150% to go if potential target is hit.
Lettuce pray for this meme.
Happy trading :)
#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
TD Sequential on $REN/BTC Hello colleagues
The chart gives us an example how works the Thomas DeMark strategy and strong signals from the ATS.
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.
RENUSDT ANALYSISI have 4 positive signals It also above the up trend line and support line
I saw buy3 this coin too . It means this coin most likely on the rise
I am bullish at the moment you can join this train now and watch carefully EngineeringRobo' s sell signal.
Have a good trade . If you want to use EngineeringRobo please dm me.
RENUSDT analysisWe can buy at support 0.223usdt and watch for sell3, sell2, sell1 or hell signal for sell decision. The chart is very bullish and at an all time high.
