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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Renusdtanalysis
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!
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It's not financial advice.
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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!).
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
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Have a Profitable Day
REN (Ren) Token Analysis 23/03/2021Fundamentals:
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.
As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).
RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes.
Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.
Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.
Technical Analysis:
As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement
there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts.
there are total of 3 targets where as the 1 TP will be vary easy to achieve