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Renusdt

REN/USDT Break Alert! Indicating Continue the Bullish Movement.💎 REN has indeed left its mark in the cryptocurrency market. Currently, REN has successfully broken through the supply area and is currently undergoing a retesting phase at the demand area, which was previously the supply area. 💎 This sets the stage for a potential continuation of the upward movement, probability of reaching our target area. 💎 However, if REN retraces back to the demand area for a retesting phase, it needs to bounce decisively from this level to sustain the upward movement. Failure to hold the demand area could lead to a breakdown below it, potentially pushing the price toward the next demand area around $0.0697. 💎 At the demand area, it is crucial for REN to bounce convincingly, reclaiming the area above the previous resistance for continued upward momentum. Failure to do so may result in a continuation of the downward movement, eventually testing the strong support area.
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by MyCryptoParadise
RENUSDThello dear traders and investors ren with usdt pair breakout downtrnd channel and ready for rally Ren Price Live Data The live Ren price today is $0.083723 USD with a 24-hour trading volume of $34,118,889 USD. We update our REN to USD price in real-time. Ren is up 0.85% in the last 24 hours. The current CoinMarketCap ranking is #470, with a live market cap of $83,649,735 USD. It has a circulating supply of 999,127,500 REN coins and a max. supply of 1,000,000,000 REN coins. If you would like to know where to buy Ren at the current rate, the top cryptocurrency exchanges for trading in Ren stock are currently Binance, OKX, Bybit, DigiFinex, and UEEx. You can find others listed on our crypto exchanges page. What Is Ren (REN)? Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. To learn more about this project, check out our deep dive of Ren. 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.
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by mehdi_kb
1
🐳REN will Go Up Again🐳Hi. BINANCE:RENUSDT ✅Today, I want to analyze REN for you in a Weekly time frame so that we can have a MID-term view of REN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). REN has broken out of a falling wedge pattern on the 1-week timeframe Price appears poised for significant upside price movement based on this chart pattern. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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by CobraVanguard
1
REN ANALYSIS💥💥#REN Analysis 🚀🚀 🔮As we can see that #REN was trading in a Falling Wedge and there is breakout of pattern. We are expecting a good bullish move in #REN. 💸💸 👀Current Price: $0.0744 🚀 Target Price:   $0.1450 ⚡️What to do ? 👀Keep an eye on #REN price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #REN #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
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by ZEUS_Market_Alerts
REN has formed a 3 white soldiers patternREN has formed a 3 white soldiers pattern which refers to 3 large green candles which is an indication the market will go up 🔵Entry Zone 0.068600 - 0.071728 🔴SL 0.062321 🟢TP1 0.0777269 🟢TP2 0.0859800 🟢TP3 0.108784 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
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by JosephMcKenzie
REN/USDT Ready for the Next Bull Wave? 👀🚀REN Analysis 💎 Paradisers, direct your attention to RENUSDT, as it displays a compelling market trend. REN is currently poised to challenge a key resistance level at $0.0736, which could be decisive for its upcoming market trajectory. 💎 Should Ren manage to break through this significant resistance, it might open the door to a substantial bullish trend. This possibility is underscored by the potential for a strong upward movement, especially if the price sustains its momentum above this pivotal level. 💎 However, if REN is unable to breach the resistance, we might witness a bullish revival from a lower support level at $0.0556. This scenario would suggest a shift in strategy, potentially focusing on a recovery from this alternative support point. 💎 The situation becomes more complex if #REN falls below the $0.0556 support. A drop beneath this level could shift the market sentiment towards bearish, possibly leading to a further downward trend. 💎 Stay alert and strategically prepared, Paradisers. Your ParadiseTeam is equipped with the latest market insights, ready to guide you through these potential shifts, ensuring you make the most informed trading decisions.
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by MyCryptoParadise_Simon
2
REN/USDT Need to bounce from here to continue upward !!💎 REN has been drawing considerable attention in the market, currently in a consolidation phase within the demand area. For REN to resume its upward momentum, a strong bounce from this zone is essential. A successful rebound, marked by bullish candle formations, could set the stage for REN to progress upwards and re-engage with the resistance. 💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area. 💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
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by MyCryptoParadise
REN, bullish in all levels.. don't question it. SEED!First an introduction. Ren is an open protocol used for transferring cryptocurrencies within blockchains. Its aim is to facilitate the movement of digital assets around a multi-chain decentralised finance ecosystem. The system integrates into existing infrastructure and claims to be 100x faster than atomic swaps, allowing users to access tokens from any blockchain using existing smart contracts without the need to wrap or unwrap tokens. REN is the protocol’s native cryptocurrency. Now on our technicals. Ren recently surged to a parabolic peak at 0.090. As per the usual parabolic case of crypto pumps, profit takers took it back to 0.06 levels touching 78.6 fib level. It is now currently bouncing off this major order block levels with precision. Bullish rating remains firm on this coin. Expect some major series of ascend from the current price range. 4H metrics is registering consistent higher lows for REN conveying strength and momentum. We're on a bargain range again which won't last for long. Spotted at 0.0620 TAYOR.
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by JSAL
$REN near to Breakout Trading a descending broadening wedge pattern involves a systematic approach to identify potential entry and exit points. Here's a step-by-step guide on how to trade a descending broadening wedge: **1. Identify the Descending Broadening Wedge:** - First, you need to recognize the pattern on a price chart. Look for two converging trendlines with the upper trendline sloping down more gradually than the lower trendline. This pattern typically forms during a downtrend. **2. Confirm the Pattern:** - Confirm the descending broadening wedge by ensuring that the price touches both the upper and lower trendlines at least twice. **3. Entry Point:** - Trading the descending broadening wedge involves waiting for a breakout. You can choose to enter a trade when the price breaks above the upper trendline (bullish breakout) or below the lower trendline (bearish breakout). - It's essential to wait for confirmation through a strong candle close outside the trendlines and, preferably, with increased trading volume. **4. Set Stop-Loss and Take-Profit Levels:** - Implement risk management by setting stop-loss and take-profit levels. A common approach is to place your stop-loss just below the lower trendline (for a bullish trade) or above the upper trendline (for a bearish trade). - Take-profit levels can be determined by measuring the widest part of the wedge and projecting it in the direction of the breakout. This gives you a target price. **5. Risk-Reward Ratio:** - Ensure that your potential reward (profit) justifies the risk (loss) you're taking. A common rule of thumb is to aim for a risk-reward ratio of at least 1:2, meaning your potential profit should be at least twice the size of your potential loss. **6. Monitor the Trade:** - Once you enter the trade, monitor it closely. Pay attention to how the price behaves around your stop-loss and take-profit levels. - Consider moving your stop-loss to break-even or trailing it as the price moves in your favor to protect your gains. **7. Trade Management:** - If the trade goes against you and the price reverses inside the wedge, consider exiting the trade to limit losses. - If the price breaks out in your favor, let the trade run until it reaches your predetermined take-profit level or until you see signs of a trend reversal. **8. Trade Psychology:** - Stick to your trading plan and avoid emotional decisions. Market conditions can change rapidly, so it's essential to have a clear plan and discipline. **9. Confirm the Trend Reversal:** - Keep an eye on other technical and fundamental indicators to confirm the potential trend reversal suggested by the descending broadening wedge. Additional confirmation can improve the reliability of your trade. Remember that trading involves risk, and not all pattern breakouts result in profitable trades. It's crucial to practice risk management and only trade patterns like the descending broadening wedge when you have a clear plan and confidence in your analysis. Additionally, consider using other technical and fundamental analysis tools in conjunction with pattern recognition to make informed trading decisions.
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by Crypto-Adda_Official
REN/USD Secondary trend. Channel formation. 08 2023Logarithm. Time frame 3 days. Exit from the downtrend in the long-term trend. Local trend. The price is at the lower zone of the horizontal channel at its support. For local trading, it is important to break the descending line of the local trend (purple color). In general, this is the accumulation zone of this cryptocurrency. Line chart. This squeeze under the support is not visible on it. Secondary trend (publication 2022 01 03) REN/USD Secondary trend. Wedge. % of key zones Major trend (publication 2022 01 03) REN/USD Major trend. Accumulation of 637. Distribution 637
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by SpartaBTC
4
REN/USDT In the crucial Zone. Potential Upward Momentum ???💎 REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching higher supply zones. 💎 However, if REN falters in its breakout attempt or faces a rejection, it might need to retreat, possibly revisiting the demand zone ranging from $0.0425 to $0.042 to gather fresh momentum. 💎 The situation could turn grim if, during its reassessment in the demand zone, REN encounters an inability to hold off the sellers. A definitive breach of this demand threshold could spell trouble, potentially triggering a sustained downward trajectory for REN, directing it towards a crucial support area.
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by MyCryptoParadise