RENUSDT in a falling wedgeThe price has been forming the falling wedge pattern.
The breakout may happen at any time as the wedge looks like it has developed well, however we may see further price decline towards the key support.
Moreover, we would see the potential higher low that would be bullish.
The target from the falling wedge would be corresponding with 0,618 fib level.
Good luck!
Renusdt
RENUSDT, 15M Short ScalpEPZ:
0.08077 - 0.0839
TP:
* 0.0795 (50% TP, move SL to entry)
* 0.0775 (25% TP)
* 0.0760 (25% TP)
SL:
0.0860
REN token forming bullish BAT for upto 95% pumpHi dear friends, hope you are well and welcome to the new update on REN token with US Dollar pair.
Previously I shared a long-term trade setup for REN, which is still in play:
Now again on a daily time frame, REN is about to complete a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
REN possible a bull run to 1$ 🚀🚀🚀Hello i think REN is one from the best projects in the market right now and it's vert undervalued right now and when i see this chart i think it's the best time to invest in this coin we can clearly spot a bullish engulfing on it with a high volume and weekly time frame this is good sign and we can also see a clear RSI divergence this what make me very bullish for REN. don't miss to follow me to see any update about this idea. thanks.
RENUSDTREN in regression period and showing bullish flag on the chart. Eyes on the breakout and there are mentioned 3 targets on the chart that REN may achieve.
PLESAE NOTE: Kindly manage your risk! This analysis is based on the chart trend, pattern, EMA & RSI. This is only for the education purpose.
Ren vs Tether | Bullish Breakout Confirmed Through VolumeWe have a lower low on RENUSDT which is also good since the stop-losses have been activated.
The market has the liquid it needs to grow.
Todays trading volume is the highest since September 2021, more than a year ago.
It is also the second highest volume day on the history of this chart, RENUSDT on KuCoin.
This is normally a real move but still early as the daily candle hasn't close.
The 22-Nov. candle sends out a reversal signal and today we get confirmation as prices move above EMA10 on high volume.
A close above EMA10, $0.0788, fully confirms a bullish breakout.
What these signals are telling us is that there is room for additional growth.
Will we have a bullish wave across the cryptocurrency markets in December?
It is looking like it.
Many trading pairs are starting to wake up.
You too... Wake Up!
Time to make some money, we've seen red long enough.
Namaste.
REN's Significant growth!REN has had good price growth in the last few days and the previous 24 hours. Its price, which was placed in a powerful support area, experienced very rapid growth with the support of buyers in the range of $0.065 to $0.070. Also, the $0.10 range has become support, and if the price returns to this area, we can expect support for further growth. One of the very strong and important resistances of this currency is in the range of 0.200 dollars, and if the price hits this range, the possibility of short-term buyers saving profits is high. The closest support range to the current price is in the area of $0.120 to $0.123, and if signs of support are found in this range, the price can continue to move upward by forming an ascending channel from this range.
Ren usdt limit short trade idea Greetings from Team : Trading The Tides.
lets discuss a short sell opportunity on (REN/USDT)
Target area for initiating short :0.11
DCA Limits :
TP :0.09
SL : not yet .using hedge mode
Hold Time : short
Technical Chart Pattern: rising wedge
Posible liquidity area :
Exchange:binance
Rules :
We use big capital with less leverage .
Max leverage : 3x
Better take trades with 1x.
We only post the exact setup we are following for the trades .
But DYOR .
Not a Financial Advice !
From Team :
Trading The Tides
Like , Share ,Follow
Thanks a lot and see you soon on the next trade .
ALGORITHMIC DATA SHOWS REN CAN BREAKOUT 70%OUR ALGORITHMIC DATA shows that REN can break out 70% coming time or more.
This depends on last trends in data.
We will follow and see how this trend will play out coming time.
REN is on an important level also in the 4H range.
It's THE NO 1 coin with 100% CC SUPPLY.
This means there are not more adding of coins. ( price stable) and more high chance for a long-term increase trend.
This is our ALGORITMIC trend view, but its adding with more adds/settings when we use it.
REN/USDT BUYING SETUP (SWING)#REN/USDT BUYING SETUP (Swing)
$REN Retesting resistance become support after breakout Inverted HNS Bullish pattern . Daily close before is Doji candle if REN next candle with Green candle potential continue upward movement . Buy with money management
Entry : 0.1657 - 0.15 - 0.135
Target : 0.1864 - 0.2119 - 0.2420 - 0.2751 - 0.3098
Stop : 0.125
REN Weekly Bullish DivergenceWeekly:
Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory.
Daily:
Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the daily and it made a high. Not it has retracted to the value zone, and if this holds, I'll buy . EFI is at the zero level.
I have not entered, I would like to see Stochastic RSI turning back, or get into a good setup on the 4H chart. I will update when I have entered.
Entry: below 0.119 (I'll try to find an entry on the 4H or daily setup)
Target 1: 0,356
Target 2: 0,402
Stop loss: 0,0795
R/R:
TP1: 1:5,7
TP2: 1:7