REN testing support level, high chances of it to bounce back upTesting multiple support levels right now, including EMA 200 and fibonacci. Long position placed with good risk-reward ratio. High probability of winning!
Renusdt
renusdt 1h chartpossible entry at 0.95 and 0.9
focus on price action at these levels
enter after rejection
RENUSDT AnalysisHello friends.
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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 $1 target)
SL: n/a(*)
Additional Reading
If you want to read more about Ren on CoinMarketCap, click here .
What do you think?
Any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
(*) I do not use Stop-Loss for the simply because that I do not margin trade, and I trade only assets that I do not mind keeping long-term should the price suddenly crash.
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Some of my charts represent actual trades, and some are just paper trading. Check them out!
Needless to say, this is not financial advice!
RENUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: 0.88-0.92
target: 1.05 - 1.13 - 1.25
after first target reached move ur stop to breakeven
stop: ~0.75 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2+
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
REN- 68% Higher Since Last Post (Resistance ahead)REN has been doing well and almost 70% higher since our last post.
At this stage the price is approaching resistance at 1,05$ with 1.75$ being the next profit Target.
Keep it up,
the FXPROFESSOR
REN swing test- bullish pennantThe price is currently testing the previous highs from June 2021. If bulls manage to defend this level, this could be a good buying opportunity.
Entries:
Aggressive- 0.65
Stupid and greedy - after 0.71 is reclaimed
Safe- after upper trendline of the triangle or 0.86(TP1) is reclaimed
Long term targets only:
TP1: 0.8611
TP2: 1.1001
TP3: 1.3764
TP4: 1.7539
(short-term traders will figure this out themselves)
Remember about risk management, especially that BTC has been quite volatile lately.
REN - How our Levels worked During today's 'Storm'Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
the FXPROFESSOR
REN BREAK/KIRILIMReds resistance
Yellows supports
2 arrow possible scenarios
Kırmızılar direnç
Sarılar destek
2 ok olası senaryolar
REN- I like this Chart at this Stage but No Stimpy? They use to tell me 'Ren to Ten'... I am happy with 1$ and 1,8$ that I can see on the chart.
REN is a nice project and they seem to have found some purpose in thei industry:
Ren is bringing decentralized stablecoins to Dogecoin (DOGE) and others
Stablecoins created using Bitcoin, Dogecoin, Digibyte, and others can now be used for reliable payments & DeFi transactions.
What I really don't like is their marketing/management.. I google REN and the first result I get is ' Ren and Stimpy' which was the funniest thing to watch back in the day during my times in the MidWest. Coming from Europe I ahd no idea what this was, until I ended up watching it sometimes too. (Gross neurotic chihuahuas can be funny ).
One Love,
the FXPROFESSOR
RENUSDT LONG IN BINANCE AND KUCOIN SPOT R/R with first target is about = 1 !!!
but you need money management in this trade because of my stoploss price !!!
you can set a "buy stop limit" order on the trigger price !!!
after that sell 50% of your position on tp1 and upgrade your stoploss to your trigger price and wait for tp2 or more ... it means : risk free !!!!
just like and folowfor more ... 8D
RENUSD daily scaleit can be in this shape of moving , at first sharp descending trend and then bull with ab=cd pattern
RENUSDT Is Going Up
Welcome back Traders, Investors, and Community!
RENUSDT on H4 has been moving along the Ascending channel and has been making HHs and HLs in the channel. After the rejection from the support line it is expected to go higher.
⬆️Buy now or Buy at 0.58184
⭕️SL @ 0.53048
✅TP1 @ 0.65000
✅TP2 @ 0.67000
✅TP3 @ 0.70000
✅TP4 @ 0.80000
✅TP5 @ 0.90000
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
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Have a Profitable Day
RENUSDT see and watch :)
The trend line is broken and it seems that it can increase up to the specified range ...
RENUSD SellHello traders!
Renusd is in the correction form and it is now ready to break it downside.
Stoploss is -4% of the investment and the target is 12% of the investment.
Thanks for your appreciation, don't forget to hit the like button and follow to stay connected.
RENUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has started to move after hitting the support level and we intend to be able to touch its target. But in case of failure of the support line and stabilization below the support line, we consider more losses.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
REN.USDT (Y21.P5.E1).Stalking breakout tradeHi Traders,
Here is one worth stalking both on the daily and 4 hrly.
We have 2 resistances to break at the same time.
I'm looking for the 3rd retest
Looking at both directions
All the best,
S.SAri
RENUSDT Will Go Higher After the Breakout
Welcome back Traders, Investors, and Community!
Hi Traders, RENUSDT on H4 has broken above the Resistance however there might be Pullback before it goes higher.
⬆️Buy now or Buy at 0.33761
⭕️SL @ 0.25000
✅TP1 @ 0.40836
✅TP2 @ 0.49835
✅TP3 @ 0.62506
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
