RENBTC trade ideas
REN/BTC Bullish Price Action | Structural Support | Trade SetupREN/BTC
Overall healthy uptrend with strong bull volume follow-through
A recent strong push to 1.618 fib extension
Currently retraced to .618 fib retracement in confluence with structural support
Break out of counter-trend wave validates next target of 2.618 fib extension, also in confluence with structural resistance
Headed for 1200 sats$REN is a solid project.
Broke the trend line today.
Headed to 1200 sats, imo.
Then new ATH and price discovery.
Ren Protocol Starts To Retrace... Bullish AfterRen Protocol (RENBTC) peaked recently and prices are starting to retrace.
Now that EMA50 has been tested as support, we are likely to see a bounce before prices continue to drop.
After the retrace is complete... We expect another jump!
Namaste.
REN / BTC %36 Growth PotentialIf REN can break above 1013 Satoshi zone with volume, it can grow up to its higher resistance zones. Pullback to support can also be good entry point.
$Ren #Ren PatienceA Buying Opportunity should present itself, but you need to be on the lookout to see it. NOT FINANCIAL ADVICE. PUNT your life away
Ren Potrocol Is Set up To Print Another Jump!Based on the previous analysis, RENBTC was positioned to go up, you can see it on the chart below:
Now that the orange trendline and the high hit 18-Apr. have been broken, the RENBTC bulls are in full control.
We are looking at the green arrow next, there seems to be little resistance on the way up.
What's your take?
Share with us in the comments section below.
Namaste.
Always A Winner, Ren Protocol Goes For Higher HighRen Protocol (RENBTC), always good/profitable to us, will now resume its uptrend and is aiming at a higher high (HH).
The way this chart is looking, prices will continue going up.
I am thinking that 0.00001416 can be the next main target, but resistance is sure to be found at 0.00000900 followed by 0.00001179 next.
Conditions for change
If prices drop, MA200 (0.00000616) is where strong support is found.
Below MA200 the bearish bias becomes stronger.
Above MA200, black line on the chart, we remain strongly bullish.
Thanks a lot for reading.
Namaste.
RENBTC Potential H&SREN is retesting previous resistance. If it holds, it needs to break up through the 760 sat range or risk getting rejected and forming a right shoulder.
Potential supports highlighted.
$REN, Showing continuation signals from R/S Flip at ~820 sats$REN
Showing continuation signals from R/S Flip at ~820 sats level
~925+ sats as target
#REN
$REN long ideaIf it can consolidate above the support and not lose it, next resistance touch in play.
Ren Protocol Ascending Channel Bullish BreakAbout Ren
Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchain. Ren's core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi).
Chart Analysis by Alan Masters
Ren Protocol (RENBTC) is trading above resistance and now breaking out of a triangular pattern.
I can see prices easily gaining momentum going up strong.
All the signals on this chart are 100% bullish, not a single bearish signal.
Here you have 70%+ potential profits mapped.
Thanks a lot for reading.
Namaste.
