Renusdt
RENUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 1.35 - 1.45 - 1.6
after first target reached move ur stop to breakeven
stop: ~0.91 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2+
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
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Open to your questions or suggestions(Looking for investors!).
REN - this is the best place to buy 🤑🤑A broadening wedge structure has formed on the Ren chart.
The price is now in consolidation in the middle of this wedge.
The best buying opportunity will be after a false break or a test of the lower boundary of this wedge as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Ren PlanSo we can see Ren is having large upwards trajectory, with a inverse head and shoulders on the daily, I expect it to bounce off the ascending support line (between the .768 and .618) and head to the 1.618 fib extension.
With Ren’s Arbitrum bridge, value locked and volume all at all time highs, and progress on decentralizing the platform, Ren is primed for a(nother) major upwards move whilst still seemingly under the radar to most retail traders.
In the high cap alt market, the only alts I see with such gains ahead besides Ren are Tezos, Polkadot, and Curve.
RENUSDT - Trend Breakout+Retacement!RENUSDT (4H Chart) Technical analysis
REN/USDT (4H Chart) Currently trading at $0.948
Buy level :Above $0.939
Stop loss: Below $0.869
TP1: $1.06
TP2: $1.14
TP3: $1.21
TP4: $1.30
Max Leverage 2x
Always keep Stop loss
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REN on the dailyRen is an interoperability platform aiming to connect popular blockchains, according to them you can transfer your tokens between different blockchains without worrying about compatibility.
✅ A big Cup & Handle has been formed in the last few months
✅ A breakout of this pattern has happened few days ago
✅ We need a daily candle close above the 1.11$ to confirm the breakout
✅ Suggested levels that are shown in the chart measured and based on the levels that the breakouts can give
✅ MACD crossed and showing a nice momentum
✅ RSI also suggests that we are going up
⛔️ If the breakout failed we will go back to the 0.61-0.92 channel where the 200EMA can hold as a Strong support
⛔️ A daily close above 0.61$ will suggest that we are going down again
⚠️ September is a tricky month for Crypto,be extra careful.
⚠️ The leader in this market is Bitcoin , keep an eye on it .
RENUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price is fluctuating within an uptrend channel. We expect the price to reach the bottom of the channel and then start moving towards our target.
But if it goes below the channel line and stabilizes, we predict a drop to the next support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
REN Long Opportunity 20210917Signal: Blue -> Green
Context: Green
Structure Confirmation: Break Through the Resistance Line
REN, RENUSD, RENUSDT, RENUSDTP, BITCOIN, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
RENUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 1.13 - 1.2 - 1.25
after first target reached move ur stop to breakeven
stop: ~0.79 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
Still aboard the MF REN spaceshipI'm still aboard the MF REN spaceship, patience is key.
Reachable target. The question is not how but when it will happen.
#REN, Enter now for a potential +34% profit?A quick look at Ren (#RENUSDT, 1D, Binance):
According to CoinMarketCap, "Ren is an open protocol built to provide interoperability and liquidity between different blockchain platforms." The token bounced back nicely at the 200 EMA during last drop and it's on a steady recovery.
Main Points
Following the recent dip, the last two daily candles have brought a +15% increase in price, confirming the $0.63 level as support. I expect price to reach previous resistance at $1.04 for a +34% profit at the time of posting.
If rejected, Fib retracement levels between $0.86 and $0.76 should offer good support. If not, $0.63 should do.
Strategy
TP1: $1.04 (I set a more conservative $1 target)
SL: n/a(*)
Additional Reading
If you want to read more about Ren on CoinMarketCap, click here .
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
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Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Needless to say, this is not financial advice!