RENBTC trade ideas
$ren looking interestingcoming out above a sym triangle. if we confirm reversal and retest 430 support on the daily, i'm picking up a sack.
RENBTC BreakoutQuiet possibly that RENBTC will breakout soon. I am watching it on a 1 minute chart and waiting to break the resistance line, then I will buy it.
RENBTC REN Update.So after establishing support on 400 price zone, RENBTC seems touched the bottom. My prediction is as follow:
1. REN goes till square and if it breaks that level it will continue going up.
2. REN goes till square and it doesn't manage to break, in which case it will go to it's short-term support.
Keep SL around 450.
Ren trying to find a bottom Ren find a top at 25 July 2019.
Since then, it keep going down and down and down.
Even if the fundamental seems strong in ren, this price correction is brutal and it doesn't seem to stop.
If i learn something in those two years of trading, it's to never try to trade against the trend so if you seek a long term entry, i don't believe it's there.
We still have three area of value on the 4 hour chart.
360
345
320
And it's not outside the realm of possibility that we revisit them.
Yes, Ren did have some bounce but every bounce got rejected quite fast.
The downtrend is still powerful and there is no sign of reversal.
The RSI on the daily just entered the lowest zone , even lower than May 2019 but the bollinger bands still show us some room for volatility (320 sat with this dynamic support)
Capitulation is not far but not already there.
In the same time,Ren offer many opportunity to daytrade those tiny bounce, i took many profitable trade during this downtrend but stop loss must be tight.
This idea is for those who seek some good swing opportunity on weekly timeframe.
RENREN / BTC
Exchange : #BINANCE
On a long term support line
Buy : 448
Target 1 : 480
Target 2 : 520
Target 3 : 560
Stop loss zone : 400 ~ 390
has REN bottomed?After a very long downtrend in the last weeks (-62% in the last month) REN has had a few upticks. Is this forming a triangle wich a chance to break up? Or are we still in a downward channel and do we have more to go... Then aim for 337 or 310 sats.
RENBTCNice bounce of the weekly Support. Since then it struggled to keep the upward momentum and got rejected at Resistances and also didnt hold Support on the Daily, which now acts as Resistance.
Falling RSI right now. Going to see how Ren reacts at the retest of the Weekly Support or the next try to break through the 1 Day Resistance.
REN - Redemption TimeAfter epic fall, from 1400 sats to 400 sats, REN recovered some ground and now nearing 500 sats.
REN has done similar in the past where it wiped out all the gains but rose again to new highs.
This time situations are different, BTC is raging again and it remains to be seen how REN perform in these situation.
REN remains one of the top pic in this market.
RENBTC Republic Protocol Oversold.So, RSI on lowest point, price falling already more than 1 month, what else to say ?
I've put my buy orders between 380-400 price levels, and I expect 20-30% gains from that levels. Be careful with your trade, as BTC is unstoppable )
$REN, On its way to ATL BTC support at ~420 sats $REN
On its way to ATL BTC support at ~420 sats
Over 60% down since the latest UCTS Signal on the 8H chart
RSI at ATL levels (oversold...)
Setting new alerts at the support level to evaluate potential bounce/reversal opportunities.
#REN
$REN, Reached ~512sats but no reversal yet...update on $REN
Reached ~512sats (55% down from our 1st tweet in this thread...)
Wait for true signals of reversal, for now I dont see any.
#REN
REN is coming home..!!REN is in continuing downfall, from ~1400 range to 530 range, almost one third.
I will rather be patient and will place buy order in and around 500 range. BTC surge should bring REN to that levels
$REN, Bounced from the ~925sats support after testing EMA200$REN, Bounced from the ~925sats support after testing EMA200 (red) on the 8H..
Overall trend is bearish in multiple TF, Falling from current support will lead to a drop to ~800sats support
On the other side, a cross over the yellow trendline will indicate a bullish signal.
#REN
REN - Sitting at Crucial supportREN is at crucial support breaking it will lead to sub 600 levels.
Hoping REN will bounce from here.
