RENBTC trade ideas
breakout imminent for REN looking good for a breakout shortly, i shall be following with stop losses as soon as breakout happens
the target is what i call "the dream"
realistically i follow tight with stop loss increments of 1 percent moves
i am no pro trader by any means, im a carpenter with a hobby that pays (sometimes)
REN/BTC could run for about 7% soonIts currently bouncing off of the .236 FIB and 314MA simultaneously, RSI/STOCH are at the bottom turning up together, bullish divergence has formed, could run up to the next FIB .382 or higher. If it falls, it could find support at the 200MA not too far behind it
REN_BTC - Good buy time30mins are showing bottom formation and uptrend..
OBV making higher highs as well showing accumulation..good to enter here at 555
|RENBTC| Grab your Darknode at lowest possible price !Overview: Republic Protocol is a decentralized dark pool exchange protocol, built for trading large volumes of digital assets. It is a decentralized network that utilizes secure multi-party computation to match orders without exposing the price or volume or of the orders. Dark pool exchanges powered by Republic Protocol can support large volume trades, with minimal price slippage and market impact, whilst mathematically guaranteeing inherently fair order execution.
Intent: The team at Republic Protocol is determined to bridge the gap between traditional finance and digital assets. Building a base layer for the first provably fair dark pools is a necessary component to achieve this, with the ultimate goal of not only making a superior product but moving the entire ecosystem forward.
So basically you need 100.000 REN to own a Darknode and get fees from the REN exchange .
Perfect for Passive Income on the long run
Perfect entry would be at 556 sats
More details about ren republicprotocol.zendesk.com
Our Telegram @insiderfoundation
Twitter @insider_fund
strong FAthis coin has only 11mi mkcap and one of most insane product out here, development/research also fantastic.
SL : 540
Republic Protocol: Decentralized Dark Pools / NodesRepublic Protocol was recently added to Binance exchange and is currently sitting at a 12 million dollar market capitalization.
Republic Protocol is an open-source protocol powering dark pool exchanges. REN is a utility token that provides fuel and security to the engine.
Dark pools are currently a missing infrastructure component in the crypto ecosystem and exist for the purpose of facilitating large volume trades for institutional investors that would otherwise influence market conditions if displayed on book.
As a protocol, anyone will be able to build dark pool based exchanges or integrate dark pools into their current exchange infrastructure once the Republic Protocol team releases their sdk.
Speculation:
Republic Protocol was added to Binance during peak bear market and at a very low valuation. The main net will enter a public phase in January, allowing anyone to run a node. The token exists for this purpose. Anyone holding 100k Ren reserves the right to deploy one of these nodes.
The current supply is around 600mm ren, with the rest of the tokens being locked by a long vesting period to ensure the team works towards the future. At an adjusted market cap based on the circulating supply, ren is actually sitting at a 7.5mm usd valuation.
The Republic Protocol team also announced RenVM, which will allow people to use the ren network for private compute operations.
When the public is allowed to launch Ren nodes, this will constrain the supply and increase demand for the token, leading to a potential appreciation in price.
TA:
Only limited history is available on binance, but Ren is currently sitting around ATLs usd wise.
BTC wise, Ren has just broken this falling wedge structure to the upside and is pushing into a zone of resistance. However, the volume oscillator on the bottom of the chart indicates a shift of power from bears to bulls, signalling a potential ability for the technical pattern to play out.
DYOR as always, but I believe Ren to be a solid long term play and at least a potential short term flip based on public main net launch in January and the TA presented and the TA that is not able to be displayed on Tradingview.
Other infrastructure based protocols such as ZRX are currently trading at 100mm+ valuations, and Ren has some of the most actively developed GitHubs in all of crypto.
RENBTC a buying call for 30 to 60 percent profitRENBTC has completed a bullish gartley along with that it is also forming a bearish shark and C to D leg of shark is going to be started soon insha Allah, In my personal opinion
the price action is at the bottom of the buying zone insha Allah.
My Allah bless you all with best of luck, regards,
Atif Akbar
Binance listingSome positive news here, I see similarities between this and the ontology listing earlier this year, this is good news.
REN "REPUBLIC PROTOCOL" NEWLY LISTED MOON INCOMING!Hello my crypto friends!
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OVERVIEW
Newly listed coin. I see this going to test the airdrop wick at 880
Not much to go off of as far as technical's right now. BTC volume at the moment is
at 1,296
Thank's, LiquidMEX
!DISCLAIMER!:THIS IS NOT FINANCIAL ADVICE AS I AM NOT A FINANCIAL ADVISER. THIS CONTENT IS INTENDED FOR EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY!
