RENBTC trade ideas
REN/BTC (Bearish Trendline Breakdown)BINANCE: RENBTC
-After the broken trendline of support break down
-The price fell down by -30% its value
-The next major of support is located at 2100 sat range
-This is a previous key resistance before the strong uptrend last August 10
-Let's wait if REN can hit this area of confluence and look for a buying opportunity
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Can REN Break the resistance nowEither we break the trend today or we will retreat over the next few days.
We need to wait for a clear signal
#REN wait for the breakoutBTC is moving so it is possible this may very well just crash down, hence wait for the breakout retest to enter the trade
#notfinancialadvisor
#DoYourOwnResearch
REN setting up for next run or is time upRENBTC
4hr: flagging, volume picking up - look for breakout either way.
The only thing that worries me with these defi's is they have such huge runs and you can't set targets on most of them so for that reason, I don't risk much on these types of setups guys. I treat them more like practice.
This ones had over a 200% run, is there more in it.... I dunno 😏
Watch for breakout either side of the flag
REN Cup and handle ... with some risksREN looks like it is forming a cup and handle.
But it is not a 'good' cup and handle for the following reasons
- the handle is very flat ... could go either way
- MACD is crossing
- EMA 100 is off the chart
- but good uptrend
What to look for
- confirm break out of 4115 = buy
- confirm break out 3990 = cancel everything
If you are feeling lucky ... buy now.
REN/BTC: BINANCE🛒 Pair: REN/BTC 🛒
⏰ 1399/05/31 ⏰
🕰 21/08/2020 🕰
📈 SCALP 📈
Ex: Binance
🛒 Buy 1 : 3750 - 3800 🛒
👉Sell Targets👈
🎯TP1: 3950 🥉
🎯TP2: DM🥈
🎯TP3: DM🥇
🎯TP4: DM🏆 BONUS
⛔️ SL : 3470
Ren Protocol (REN) Goes Parabolic... Next TargetRen Protocol (RENBTC) is no longer a "hidden gem" but quite known right now... It's gone parabolic.
Its price has grown by 1159% since the early Septemeber 2019 low.
Prices are likely to peak soon.
Here I am sharing the next potential targets based on Fib. proportions.
This is not financial advice.
You need to build your own plan/strategy before you trade.
We normally don't buy or considering buying with such a chart, we trade based on TA.
When prices are already moving and also high, the risk becomes higher.
For low risk and high potential reward, we look for altcoin pairs/charts that are bottomed out and trading near lows/support... This is what gets us the best results.
The only real problem you can have while trading crypto at this stage in the market, a bullish altcoins market, is underestimating how far up these altcoins can go.
The potential is huge... We can only guess based on the different tools we have, but they tend to go higher and for longer than we thought...
This is a good problem to have...
The more the market grows, the better it gets for all those involved.
Namaste.
REN/BTC: BINANCEBINANCE:RENBTC 🛒 Pair: LTO/BTC 🛒
⏰ 1399/05/28 ⏰
🕰 18/08/2020 🕰
📈 SCALP 📈
Ex: Binance
🛒 Buy 1 : 3800 - 3900 🛒
👉Sell Targets👈
🎯TP1: 4000 🥉
🎯TP2: 4200 🥈
🎯TP3: 4400 🥇
🎯TP4: 4600 🏆
⛔️ SL : 3699
#RENBTC Long another potential 60%REN looks prime for a LONG here !
After breakout and confirmation, we can see REN gain over 60%.
For Long term holder can be easily 5x by end of year.
If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there.
Remember REN is a huge GEM so we can see huge potential for REN especially on the coming Bull market that will be like anything we have seen before.
I am extremely bullish on REN
and this is one of your long term HODL coins.
Short term traders can benefit too ! 17% is not bad at all.
ENTRY: CMP (2312 Sats )
Targets:
2495
2747
3989
SL: 2217. Do DCA and buy in Dip
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Remeber this always
#Golden Rule
#BTC moons Alts Rekt
This is what I think.
Share your opinion guys!
Stay safe
#PEACE
TD Sequential on $REN/BTC Hello colleagues
The chart gives us an example how works the Thomas DeMark strategy and strong signals from the ATS.
RENBTC. Bullish 2H chartBullish Trend.
-Uptrend Candlestick with uptrending volume. Means the pullback is to prepare for bigger push. When the volume is increasing when candle stick goes up, the buying momentum is increasing and the pull back is where they start taking profits. but since the buying volume is increasing, it will continue going upward.
how to enter?
- RSI Oversold (checked)
- check on MACD Histogram. once the green upper bar is decreasing, means the buying power is getting weaker and selling power taking over again. when they start crossover, you may enter at nearest support level or when selling momentum i over.
Descending channel pattern formed.Descending channel pattern formed in a short-term bearish move forming part of a longer-term uptrend as continuation pattern to new ATH shortly.
The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line.
RENBTC Double Top| Impulse Sell| Structural Support|21EMAEvening Traders,
Today’s analysis –RENBTC- impulse sell coming into structural support where a bounce is probable.
Points to consider,
- Local double top
- Support flipped (local resistance)
- Structural support confluence
- Oscillators above 50
- Volume below average
RENBTC had an impulse reaction from its double top region, breaking a key level now turned local resistance. Structural support is the immediate trade location; it has technical confluence with the .50 Fibonacci, a bounce is probable at this key level.
The 21 EMA and 200 MA are visual support guides; price likes to back test them with each impulse move away.
Both oscillators are above 50, returning to neutral territory. Trading above the 50 mid-point gives a bullish bias on the market.
The immediate volume is below average, an influx is probable when approaching key trade locations i.e. structural support.
Overall, in my opinion, the structural support region is likely to be tested which will allow for a valid long with defined risk. Price action is to be used upon discretion/ management of the trade.
What are your thoughts?
Thank you for following my work!
And remember,
“a greater probability of one thing happening over another. In a sense, technical analysis allows you”― Mark Douglas
short RENBTCwe have a good resistance and the price has reaction from that then it claim to goes down
#REN/BTC LONG REN REVERSED THE BEAR TREND
FIB CROSSED THE CRUCIAL AREA OF 0.50%.
WE ARE ABOUT TO BREAK THE RESISTANCE WHICH IS ALSO NEAR TO FIB 0.61, THAT WOULD BE DOUBLE GIFT.
NEXT TARGET IS FIB 1.0 (2040)SAT
