Renusdt
Update For REN/USDT Analysis 📈📉As I expected before for RENUSDT in the past analysis ,it was be able to grow up and almost hitted my Target according to my prediction 🎯 more than 600 % profit💰
so now!
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on WEEKLY timeframe it has been declining in a wide range channel , that now it is trading in pivot zone, so if it lose this zone it will go down to the bottom of the channel and even lower support levels and if it go up of this zone with good enough volume as confirmation it will reach the top of the channel again ,but as always it all depends to crypto market condition and there is the possibility of further fall right now as much as in can grow up if we see bullish signs in the crypto market again , but in order to have any bullish rally it needs to break out the descending trend line of higher line of channel and go up the resistance zone .
🛑resistance level: $0.94- $1.07 /// upper trendline of channel
🆚pivot zone: $0.28 - 0.38 $
❇️support levels: $0.2181 , $0.1336, $0.0713 /// lower trend lines
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
REN - The Bullish Sequence ✨In 2020 when we had the bullish breakout, we saw a very particular sequence of events take place.
We saw:
1. MACD divergence
2. Trendline Breakout
3. Double Bottom
4. BULLRUN
We are now seeing a very similar sequence of events happening. So far we can see:
1. MACD divergence
2. Trendline Breakout
We are yet to see Double Bottom and the BULLRUN.
Trade Idea:
- Watch for price to retrace back to the double bottom
- Enter with stops below the lows
- Hold on tight for another bullrun!
It is quite possible that we may not come down to the double bottom. Incase we don't, look for lower timeframe bullish corrections to enter.
Goodluck!
REN/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
REN/USDT just broke out the channel and retested it.
Entry: CMP or upside the 21MA
Targets: 80%TO 100%
Stop Loss: $0.2700
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
REN formed big BAT for upto 330% moveHi dear friends, hope you are well and welcome to the new update on REN token.
During the previous market crash of April to Jun 2021, REN formed a big bullish BAT, which I shared as below:
Now during the current market drop again on a weekly chart, REN has again formed another bullish BAT pattern.
RENUSDT, Its good for futures traderGood night guys
According to the chart you can see the price change the trend to the upward and break the key point level
At this time we need correction of the powerful candle then we are ready to buy in support buy zone area then we can go up toward the target
BECAREFUL GUYS :
We put Stop loss at the bottom of support zone area but the price and come a litthe below this zone then go up, At first take signal then entrance in any position and take long position
This analysis is good and have nice R/r for futures trader, if you can not take trigger for entrance you can send us messages in private we will help you
Dont forget use stop loss
Good Luck
Abtin
REN PROTOCOLRen is a utility token that aims to incentivize a global network of users to allow anyone to transfer both new and existing assets across different blockchains.
For example, with Ren, users can lock bitcoins (or other assets) in a smart contract, and in return, receive the equivalent of ether on the Ethereum blockchain. From there, Bitcoin holders could use Ren to access Ethereum’s suite of decentralized finance (DeFi) products without having to sell their bitcoins or even transferring their assets across blockchains.
Using these Ethereum tokens, a user could even participate in Ethereum’s DeFi ecosystem, including on lending and borrowing platforms such as Compound or Aave. All the while, the user’s bitcoins would remain locked in Ren software.
Should a user seek to unlock their funds, they would need to use the REN cryptocurrency, which is needed to pay nodes for operating and maintaining the network.
Symmetrical Charting shows potential projections
The best buying opportunity is the capitulation events on this chart
Study this chart and see if you find value in this
REN is currently ranked #164
Market Cap $538,642,866
Crypto RENUSDT (Upside poentail?)View On RENUSDT (25 Nov 2021)
We are seeing some swing up activity in REN recently.
It has further explosive potential but we need to watch out $1 region, as the level can act as a strong resistant.
But once that $1 level is cleared strongly, we can see further upside.
$0.55~$0.6 is a good support.
Let's see how high it can go.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
REN broke down rising wedge#RENUSDT
$REN broke down from lower line of rising wedge and now pullback to confirm support as resistance.
after this pullback price can drop more to support zone between 0.5 and 0.618 fib levels of last swing high.
if price break out from descending and ascending resistance this bearish scenario will be invalid.
REN - possible upside after trendline breakout ❗❗❗Ren broke the trend line, but then there was a false break and the price came back below the trend line. The price could now correct and gather liquidity below the 0.93 and 0.9 levels. If the trend line breaks again, it could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.