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Ren / TetherUS

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RENUSDT trade ideas

RENUSDT FAlling Wedge pattern, bullish divergency, LONGThis idea is based on a felling wedge pattern the t/p is our next resistance level but it might be a good idea to cash 50-75% at the indicated level and keep remaining investment as the price of Ren might go higher as the world turns to cryptos and decentralised finance ecosystems. You can see the chop index is over 60 (4h) while Stoch is quite low thus meaning there is one direction to go :) Please remember this is just an idea not an advise, position your s/l to protect your capital
Long
by lb-counts
REN - The Bullish Sequence ✨In 2020 when we had the bullish breakout, we saw a very particular sequence of events take place. We saw: 1. MACD divergence 2. Trendline Breakout 3. Double Bottom 4. BULLRUN We are now seeing a very similar sequence of events happening. So far we can see: 1. MACD divergence 2. Trendline Breakout We are yet to see Double Bottom and the BULLRUN. Trade Idea: - Watch for price to retrace back to the double bottom - Enter with stops below the lows - Hold on tight for another bullrun! It is quite possible that we may not come down to the double bottom. Incase we don't, look for lower timeframe bullish corrections to enter. Goodluck!
by Altsignals
5
REN/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. REN/USDT just broke out the channel and retested it. Entry: CMP or upside the 21MA Targets: 80%TO 100% Stop Loss: $0.2700 What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
by CRYPTOMOJO_TA
REN formed big BAT for upto 330% moveHi dear patrons, hope you are well and welcome to the new update on REN token. During the previous market crash of Aril to Jun 2021, REN formed a big bullish BAT, which I shared as below: Now during the current market drop again on a weekly chart, REN has again formed another bullish BAT pattern. Buy and sell targets: Buy between: $0.3874 to $0.2668 Sell between: $0.7455 to $1.12 Stop loss: Below: $0.2668 Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of up to 319%, and a loss possibility is 32%, but right now loss ratio can be 20% coz REN is being traded at $0.3320, at the time of writing. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
The Sun Sets on REN I had high hopes for REN! I've been a hodler for around two years; however, I think it's time to say goodbye. This project is steadily becoming irrelevant. Monetizing open source/public use protocols is a tough business...how many email protocols are monetized directly by users (they are maintained by data collection and ads)? This project has slipped technically (it use to be a top 50 coin, I think) and fundamentally (i.e. value add does not justify high token price). There are other projects that have much brighter futures. I'll hold REN a while longer and sell once we hit the $0.40s to recoup my recent losses.
Short
by WildBill2535
RENUSDT, Its good for futures traderGood night guys According to the chart you can see the price change the trend to the upward and break the key point level At this time we need correction of the powerful candle then we are ready to buy in support buy zone area then we can go up toward the target BECAREFUL GUYS : We put Stop loss at the bottom of support zone area but the price and come a litthe below this zone then go up, At first take signal then entrance in any position and take long position This analysis is good and have nice R/r for futures trader, if you can not take trigger for entrance you can send us messages in private we will help you Dont forget use stop loss Good Luck Abtin
Short
by Abtin00
REN PROTOCOLRen is a utility token that aims to incentivize a global network of users to allow anyone to transfer both new and existing assets across different blockchains. For example, with Ren, users can lock bitcoins (or other assets) in a smart contract, and in return, receive the equivalent of ether on the Ethereum blockchain. From there, Bitcoin holders could use Ren to access Ethereum’s suite of decentralized finance (DeFi) products without having to sell their bitcoins or even transferring their assets across blockchains. Using these Ethereum tokens, a user could even participate in Ethereum’s DeFi ecosystem, including on lending and borrowing platforms such as Compound or Aave. All the while, the user’s bitcoins would remain locked in Ren software. Should a user seek to unlock their funds, they would need to use the REN cryptocurrency, which is needed to pay nodes for operating and maintaining the network. Symmetrical Charting shows potential projections The best buying opportunity is the capitulation events on this chart Study this chart and see if you find value in this REN is currently ranked #164 Market Cap $538,642,866
Long
by AxeCapp
4