Ren getting squeezedSimple chart showing Ren following the ascending trendline while getting squeezed under strong resistance. Rby PumptyMcDumptyPublished 3
Ren breaking out of accumulation.Ren has sat in this symmetrical triangle for a long time. It has pushed above and now is finding support. Thanks for your support!RLongby derekmoravitzPublished 113
REN approaching pivotal point?I dont typically like charting coins new to the coinbase exchange because of the "Coinbase Affect" but here is REN looking like it wants to touchdown on what I can consider an important support line, just food for thought.Rby PumptyMcDumptyPublished 1
REN Move SoonI'm new to trading so just sharing my thoughts so please take with a grain of salt :) Looks like REN approaching an interesting spot here. Its been rejecting off a descending trend line and also bouncing off an ascending trendline. It has also flipped the support to resistance. A couple possible outcomes I can see from this point, 1. If it breaks out of the descending trendline I will wait to take a long position after it has also broken the resistance on the blue area at .35 and reclaimed as support. If it does it will probably retest .39 then .42 and higher if market permits. 2. If it breaks below the ascending trendline and also breaks through the orange support at .30 we could see as low as .20 for a re test. Any predictions?by PumptyMcDumptyPublished 225
RENUSD possible breakout soon and levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.RLong08:15by CryptoRush_Published 2
SICK FACE...last time a seen a face on algo usd ...and the market ripped up hard ... here's another face thumbs up pleaseRby CHILLSHOTPublished 5
Not selling off like the market - is there more upside?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.Long06:15by CryptoRush_Published 115
Not selling off like the market - is there more upside?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. Long09:56by CryptoRush_Updated 110
SHORT TERM RETRACEMENT ON RENUSD?Good morning traders. leave a like or a comment if the analysis can be useful. The recent REN rally, also driven by the listing of the crypto on coinbase, seems to have stopped at the FIB 23.6 level where investors likely took their profits. Today's market appears to be in perfect balance as shown by the forming small body candle. The main indicators still do not confirm any trend reversal that could proceed upwards, although a return to trendline 1 before a rebound cannot be ruled out. Tomorrow's moves could confirm an immediate long entry strategy or a full retracement above the 0.5 FIB level before a buy entry. The main trend remains upward.Longby wanderlust_87_Published 0
Ren Making Higher Highs. RENUSDSure does! We might see a little drawback first thought, as divergence on the RSI indicator. And there are quite a few fractals at play here. Zooming out, we can see that we have successfully completed Wave 1 and 2. All that is on the chart is some part of Wave 3. Hold on to your.. well.. hats - this one should climb quite a bit being a DEFI token. Goals are in gold, invalidation in red. NFA.Longby Rykin_CapitalPublished 3
Ren- support Partial buy on REN at the pivot (yellow line) above. Most if not all of my current holdings are charted using support and resistance zones (red areas) and a yellow pivot line in the middle. The pivot zone represents equilibrium between the bulls and the bears. If price is in a confirmed uptrend on a higher time frame (in this case the daily chart) then pullbacks to the pivot usually represent decent buy areas. Only partial buys though until the PARSAR is back under price and the SMS is at least green and trending higher. Sells are taken at resistance unless resistance is broken and looks to flip into support. Longby ralis24Published 1
REN ThoughsI see a move like this for REN. ~$2.00 for next parabolic top before next macro distribution/accumulation phase. by eso773Published 555
ren buy timeits close to the trend line and 0/32 fib ! buy in range 0/4 - 0/42 stop loss : 0/38Rby mohsalehi740Published 4
REN - dip buyMay be a touch early on this dip buy. Better to wait for the PARSAR reversal on the 4 hour chart for conservative traders. Liking the fisher transform bullish cross from oversold levels combined with rising MACD bars and rising SMS. Smallish buy till more confirmation from the 4 hour chart. Longby ralis24Published 4
REN/USD - Consolidation before move higher? If you followed us in on the original chart. Congrats! Preferred entry was suggested at around the 0.145 We've seen some excellent returns since then at approx 250% to the good. Keep an eye on it now as we wait for indication that we are moving higher again. Although a move in now carries more risk there is still a lot of potential with this project. Reasonably tight SL advised if you're late to the party and pick your entry carefully, a lot of potential downside if it falls through support levels. As always not financial advice, just thoughts and TA. Bingaz. Longby BingazPublished 337