RENUSDT trade ideas
#REN break out of the triangle and goes up in the new triangleRENUSDT broke the triangle and go up in the new triangle and I expect the pump to more than 60%
1-Price break the upper band of BB
2. EMA crosses
3. Break out of the ascending triangle to an altitude of more than 64%
REN Usdt - 4H ✅ As You May Know REN Is the The 86th Place Of Coin Market Cap ..
☑️ It has Some New News And Technical Updates ..
✅ It Looks Bullish And Breaking out From Triangle Chart Pattern , So I Think It is Good For Now ..
☑️ Thank You For Your Consideration ..
BINANCE:RENUSDT
$REN BreakoutExpecting fireworks from $REN in April very clean PA on this cryptocurrency. Solid coin fundamentally.
another falling wedgeSo, it looks that most of the coins which pumped in January are setting up to pump again in this period. At least those I'm stumbling into.
REN had a great run since end of December and now it looks at the end of this falling wedge, this looks clearly into a reversal (already started). If BTC doesn't mess up the market it should break out soon, however ADX+DI shows that the momentum is uncertain so I would suggest to enter only 30% now and wait for price to test 1.11USDT. Afterward, if it keeps going up you can buy the rest.
Very often wedges get retested after the breakout, I've a feeling this will. I might be wrong but this is my feeling. Stop loss is the bottom of the wedge and the maximum target is on the chart.
RENUSDT TRADE SETUP IDEAAwaiting breakout of the upper trendline may enter upon breakout and retest of the support. Will keep updated here. Targets looking at 34%-74%.
DAILY CHART:
REN/USDTREN is in a bullish falling wedge and ready to break it at any time.
After a confirmed breakout (4h) and a retest on breakout level, we could start a good trade here!
More updates on this idea will follow.
Like always do your own research and let my know what you think about my idea.
Cheers CryptoFox
RENUSDTEntry : 1.03 - 0.98
Targets : 1.15 - 1.20
Stoploss: 0.93
Enter stepwise and put stop loss in order to reduce the risk.
REN/USDT - False breakout, price return, exit from the triangle Hello everyone, analyzed the REN/USDT pair
On the graph, wine is all you need to make a decision.
A grid of buy orders will protect you from a big loss, if suddenly, bitcoin wants to drop lower. Trade wisely, don't overestimate the risks
This is just my opinion, and you trade in accordance with your trading plan.
Targets are indicated on the chart as a Fibonacci grid.
Stop loss, everyone chooses for himself, observing his own trading strategy
Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management.
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Ren usdt UpdatesThis is my View of Red When the Correction will be on So this is my 3 entry prices Good luck all
REN USD bullish signal at 4h frame 2x on the mid of Aprilthis is my upcoming prediction for ren/usdt 2x on the mid of April, dont forget you always need to do your own research
everything you need is on the chart
REN USDT trading signal idea What's your thought?Ren/usdt draws good pattern, check breakouts and wait.
RENUSDTJust wait until the correction in line 4 is finished and it'll be ready to launch.
DYODD, not financial advice.
REN (Ren) Token Analysis 23/03/2021Fundamentals:
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
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.
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.
As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).
RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes.
Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.
Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.
Technical Analysis:
As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement
there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts.
there are total of 3 targets where as the 1 TP will be vary easy to achieve
