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Renusdtanalysis

Small Cap Crypto Multi-bagggers: Don't miss out! RENUSD RENUSD got up over 7% today. It is fast approaching it's 200EMA on a daily chart and currently sits at the 50EMA. I think many of these smaller cap Crypto's will take off once they are soon above their 200EMA and many are already. Disclosure: I already have a parcel of CFD's in RENUSD. What exactly is RENUSD? From coinmarketcap.com see below. Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. They get paid well for their blockchain service is my understanding.
EIGHTCAP:RENUSDLong
by Easy_Explosive_Trading
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.
by MyCryptoParadise
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.
by MyCryptoParadise
BUY RENUSD (bullrun can start any minute now)Hey guys, I'm sharing this with you all because it's such a gem. Ren is a buy, long and hold. The chart speaks for itself. Roseusd had a similar setup before a significant bullrun (see picture below). The setup of Ren is almost identical. As you can see we are currently at the best buying oppurtunity after the bottom. I know it's a lot of ifs and there are a lot of assumptions being made, but this is a buy in every textbook. If you do not have the courage to buy at these levels you shouldn't trade. Arguments: -Correction completed ABC where C = 1.618 of A. -Correction completed .702 retracement reached for a 2. -Bullish divergence of RSI. -Similar setup (RSI and price structure) lead to a magical bullrun on RoseUSD. -Signs of correction being over on BTC as well to kickstart everything. As allways, it's just an idea, no financial advise, DYOR. If you like it, feel free to share and like this post.
RLong
by HodlCrypot
5
REN/USDT TRADE SETUP! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Do consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice. #LONG REN/USDT breakout this ascending triangle pattern. ENTRY: CMP and add more up to $0.42 SELL- 70% STOP LOSS: $0.4 This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart. Would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
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
by CRYPTOMOJO_TA
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
Short
by Abtin00