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RENBTC trade ideas

REN/BTC { REN } - BULLISH SETUPANALYSIS 🔎 - REN/BTC bounced off the descending triangle's horizontal support as expected from my previous analysis. - Price is testing the descending triangle's inclined resistance as well. - There's a breakout potential above the descending triangle's inclined resistance. - This breakout can be seen as a bullish signal. BUY ENTRY ⬆️ - Breakout above the descending triangle's inclined resistance. TARGETS 🎯 - Horizontal resistance level (@0.00003350). - Horizontal resistance level (@0.00004975). SETUP INVALIDATION ❌ - Breakdown below the descending triangle's horizontal support level (@0.00000863).
Long
by Chibuike_Odoh
REN/BTC { REN } - BULLISH SETUPANALYSIS 🔎 - REN/BTC is bounded in the descending triangle pattern. - Price is testing the descending triangle's horizontal support. - The swing downtrend was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - Price action is printing the inverse head and shoulders pattern. - The inverse head and shoulders pattern is a bullish reversal pattern. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the inverse head and shoulders neckline resistance. - Limit entry: Retest of the right shoulder's horizontal support level. TARGETS 🎯 - The descending triangle's inclined resistance. - There's a brokeout potential of the descending triangle's inclined resistance. SETUP INVALIDATION ❌ - Initial invalidation: breakdown below the right shoulder's horizontal support level. - Final invalidation: breakdown below the descending triangle's horizontal support (@0.00000863).
Long
by Chibuike_Odoh
RENBTC After Breakout Can Go Up Welcome back Traders, Investors, and Community! RENBTC After breakout it is expected to go up ⬆️Buy now or Buy at 0.00000965 ⭕️SL @ 0.00000850 ✅TP1 @ 0.00001240 ✅TP2 @ 0.00001560 ✅TP3 @ 0.00002099 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! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
REN Falling wedge Breakout with 80% + Move to the upside Great opportunity to Buy REN Currently we are sitting above the POC *Point of control and have the 30/50/100/200 EMA underneath us . Previously this resistance pulled us back beneath the EMAS in which case we continued to consolidate and now have broken through the resistance . We are ready for take off provided there is no eratic BTC movements and we close above our resistance currently 2 hrs until the daily closes so you can always set a alert or a reminder if required. Targets are displayed up until the 1-1 Extension and i encourage profit taking . Too many get greedy and lose profits simply by not selling on the way up at key resistances . The price labels are there to make it easier for you if need be but of course have your own plan including stop loss and invalidation . Pls Like and Follow for more setups ..The more Likes and follows the more motivated I am to share my money making Setups for Free . ALSO ENSURE TO CHECK OUT MY OTHER SETUPS . Thanks for your Support
Long
by SJTRADESFUTURES
REN BTC Daily. Under the Radar Defi....Moving Up?REN Protocol. I hold this coin, it's fundamentally extremely good, I have no doubt this coin will do extremely well. Check out a very good recent piece on REN by 'Selcuk Aslantas' on Medium. To me, the chart looks good. A break out of the recent downtrend looks underway. Price has broken through the descending dashed line and is now approaching the 180EMA. If we can close above this EMA then I see this as a potentially very good long opportunity. But, waiting for this trade to develop has taken some time! Note the bounce off the Fibonacci 0.786 retracement. Neutral for now with a bullish sentiment!! Go REN....
by iDoji
$REN/BTC 3D (Binance Spot) Big falling wedge breakout and retestRen (formerly known as Republic Protocol) broke bullish few months ago and looks ready to push higher now. Current Price= 0.00001572 Buy Entry= 0.00001594 - 0.00001370 Take Profit= 0.00002362 | 0.00003330 | 0.00004375 Stop Loss= 0.00001130 Risk/Reward= 1:2.5 | 1:5.25 | 1:8.22 Expected Profit= +59.38% | +124.70% | +195.21% Possible Loss= -23.75% Fib. Retracement= 0.5 | 1 | 1.5 Margin Leverage= 1x Estimated Gain-time= 6 months
Long
by TradingOn
Crypto|REN/BTC|LongLong REN/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
19