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Ren / Bitcoin

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RENBTC trade ideas

REN/BTC can be your most profitable trade this year! Here's why:NEXT LEVEL CRYPTO Altcoin pick: REN REN was and still is one of our Top 3 favorite longer term holds. We usually don't hold altcoins. We just trade them to gain more BTC. One exception is REN. Between now and the mainnet is when this amazing project will experience the most growth in value. This is just the beginning. We will buy every dip! Join our free group on Telegram NOW: t.me DM for our private signal group (auto trading function possible)! Please press the like button and subscribe to our profile if you want us to continue giving away free Analysis and Trades! Please share your thoughts or idea in the comments
Long
by NextLevelCrypto
2
Ren Is Moving Ahead Of The Pack (Bullish Signal 4 The Market)Ren Protocol (RENBTC) has been great to us paying great profits each time we trade it. Found this one on the Full Moon back in February with a trade that generated over 100% profits... You can see it here: Then again over 180% of profits collected in May, you can see it here: We noticed that RENBTC is moving ahead of the pack and that is why we want to call your attention to this chart today. After a long or strong period of growth, we tend to see a long/strong retrace, but RENBTC moved down only to the 0.618 fib. retracement level from the last bullish wave and went on to grow by as much as 80% in just 4 days with the chart looking pretty bullish. With many altcoins hitting new lows, consolidation and starting to move up, this can be taken as a signal that the altcoins market is starting to wake up. As for RENBTC, it is likely to retrace before continuing up, but it all really depends on today's candle close. If the last high can be broken (magenta), you can expect RENBTC to move higher. If not, you can expect a retrace + consolidation before the signals start to develop for the next move. We believe that most of the altcoins, about 80-85% will start to move positive soon. So get ready to collect profits... This market was born for me and you! Namaste.
Long
by AlanSantana
12
Ren Price Analysis REN / BTC: Breaking OutFundamental Analysis Ren gained momentum after the project’s July development update. The team is still improving and stabilizing the RenVM Testnet in preparation for its upcoming release. Overall, the project is growing well, and now is in the final stages before the Testnet will become available to the whole community. Ren / Bitcoin Short-term price analysis Ren has a bullish short-term trading bias against Bitcoin, with the REN / BTC pair testing back towards its current 2019 trading high. The four-hour time frame shows that the REN / BTC pair has now moved above a falling wedge pattern. The projected upside move of the bullish breakout would take the cryptocurrency to a new all-time trading high. Technical indicators across the four-hour time horizon are bullish, although they are starting to appear overstretched to the upside. Pattern Watch Traders should note that falling wedge patterns are typically considered bullish and usually breakout in the direction of the prevailing trend. Relative Strength Index The Relative Strength Index on the four-hour time frame is bullish, although it is starting to appear overstretched. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to generate a buy signal. Ren / Bitcoin Medium-term price analysis Ren has a bullish medium-term outlook against Bitcoin, with the REN / BTC pair rallying back above critical resistance on the daily time frame. The daily time frame shows that the REN / BTC pair is trading back above the neckline of a large inverted head and pattern, following numerous false upside breakouts. Technical indicators on the daily time frame are bullish and continue to issue a strong buy signal. REN / BTC Daily Chart by TradingView Pattern Watch Traders should note that multiple daily price closes above the neckline of the bullish pattern may encourage the next round of technical REN / BTC buying. Relative Strength Index The RSI indicator is bullish on the daily time frame and shows scope for significant upside. MACD Indicator The MACD indicator is bullish on the daily time frame and is generating a strong buy signal. Conclusion Ren is starting to appear increasingly bullish across the four-hour and daily time frames, with both time horizons showing a bullish breakout in progress. The key technical developments to watch over the coming trading sessions will be fresh higher highs and multiple daily price closes above key neckline support on the daily time frame.
Long
by CryptoBriefingTA