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RENUSDT trade ideas

REN ANALYSIS (2H)REN seems to be forming a diametric on small time frames. It is now in the middle of the bullish wave E of this diametric. By maintaining the specified demand, it can move towards the target. The first target is the red box. Closing a 4-hour candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
REN - falling wedgeOn the above 6-day chart price action has corrected 96% since October 2021. A number of reasons now exist to be bullish, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. 3) The trend reversal prints on legacy support and resistance. Support is confirmed. 4) The falling wedge breakout forecasts a 1800% move to $1. Is it possible price action corrects further? Sure. It is probable? No. Ww Type: Trade Risk: <=6% Timeframe for long: This month Return: 1800%
Long
by without_worries
5
REN/USDT Break Alert! Indicating Continue the Bullish Movement.💎 REN has indeed left its mark in the cryptocurrency market. Currently, REN has successfully broken through the supply area and is currently undergoing a retesting phase at the demand area, which was previously the supply area. 💎 This sets the stage for a potential continuation of the upward movement, probability of reaching our target area. 💎 However, if REN retraces back to the demand area for a retesting phase, it needs to bounce decisively from this level to sustain the upward movement. Failure to hold the demand area could lead to a breakdown below it, potentially pushing the price toward the next demand area around $0.0697. 💎 At the demand area, it is crucial for REN to bounce convincingly, reclaiming the area above the previous resistance for continued upward momentum. Failure to do so may result in a continuation of the downward movement, eventually testing the strong support area.
by MyCryptoParadise
RENUSDThello dear traders and investors ren with usdt pair breakout downtrnd channel and ready for rally Ren Price Live Data The live Ren price today is $0.083723 USD with a 24-hour trading volume of $34,118,889 USD. We update our REN to USD price in real-time. Ren is up 0.85% in the last 24 hours. The current CoinMarketCap ranking is #470, with a live market cap of $83,649,735 USD. It has a circulating supply of 999,127,500 REN coins and a max. supply of 1,000,000,000 REN coins. If you would like to know where to buy Ren at the current rate, the top cryptocurrency exchanges for trading in Ren stock are currently Binance, OKX, Bybit, DigiFinex, and UEEx. You can find others listed on our crypto exchanges page. What Is Ren (REN)? Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms. To learn more about this project, check out our deep dive of Ren. Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Long
by mehdi_kb
1
🐳REN will Go Up Again🐳Hi. BINANCE:RENUSDT ✅Today, I want to analyze REN for you in a Weekly time frame so that we can have a MID-term view of REN regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). REN has broken out of a falling wedge pattern on the 1-week timeframe Price appears poised for significant upside price movement based on this chart pattern. ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
REN ANALYSIS💥💥#REN Analysis 🚀🚀 🔮As we can see that #REN was trading in a Falling Wedge and there is breakout of pattern. We are expecting a good bullish move in #REN. 💸💸 👀Current Price: $0.0744 🚀 Target Price:   $0.1450 ⚡️What to do ? 👀Keep an eye on #REN price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #REN #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
REN has formed a 3 white soldiers patternREN has formed a 3 white soldiers pattern which refers to 3 large green candles which is an indication the market will go up 🔵Entry Zone 0.068600 - 0.071728 🔴SL 0.062321 🟢TP1 0.0777269 🟢TP2 0.0859800 🟢TP3 0.108784 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
REN/USDT Ready for the Next Bull Wave? 👀🚀REN Analysis 💎 Paradisers, direct your attention to RENUSDT, as it displays a compelling market trend. REN is currently poised to challenge a key resistance level at $0.0736, which could be decisive for its upcoming market trajectory. 💎 Should Ren manage to break through this significant resistance, it might open the door to a substantial bullish trend. This possibility is underscored by the potential for a strong upward movement, especially if the price sustains its momentum above this pivotal level. 💎 However, if REN is unable to breach the resistance, we might witness a bullish revival from a lower support level at $0.0556. This scenario would suggest a shift in strategy, potentially focusing on a recovery from this alternative support point. 💎 The situation becomes more complex if #REN falls below the $0.0556 support. A drop beneath this level could shift the market sentiment towards bearish, possibly leading to a further downward trend. 💎 Stay alert and strategically prepared, Paradisers. Your ParadiseTeam is equipped with the latest market insights, ready to guide you through these potential shifts, ensuring you make the most informed trading decisions.
Long
by MyCryptoParadise_Simon
2
REN/USDT Need to bounce from here to continue upward !!💎 REN has been drawing considerable attention in the market, currently in a consolidation phase within the demand area. For REN to resume its upward momentum, a strong bounce from this zone is essential. A successful rebound, marked by bullish candle formations, could set the stage for REN to progress upwards and re-engage with the resistance. 💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area. 💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
by MyCryptoParadise