RENUSDT trade ideas
Ignore the breakout: BTC dump will kill REN!REN is in a great position to spike up to resistance and then fall down and probably break through support. This assumes that (5) has completed.
It is worth noting this is a pretty aggressive and risky reversal trade since there is a triangle that broke out to the upside and there may also be an inverted head and shoulders forming.
REN (Ren Protocol) - Is the correction over?REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate.
It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents.
I have opened a trade on REN just as it broke out and will update as it goes along.
This is not financial advice
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REN to TEN but first....Ok look REN is the most under-valued project in crypto and that is a scientific fact. Don't argue, don't pretend otherwise, just accept it. REN is the bridge between blockchains and running darknodes is going to be like owning a crypto printer for btc and every other supported chain. You buy, you hold, you profit. Put your big-boy pants on and get yourself 100k and get that darknode running and financial freedom is right around the corner. Do it!
Can REN go parabolic?This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
🆓Republic Protocol/USDT Analysis (2/3) #REN $RENThere is a good strong force at 0.9$ and 1$ zones so we can expect a recovery in next days. We can start accumulating REN at 2 zones above and I think it will have a big recovery wave from March 5 and targets should be 1.4$ and 1.6$. If it can conquer 1.6$ zone, it will pump very strongly and 3$ will be reached soon!
📈BUY
-Buy: 1.00-1.05$. SL if B
-Buy: 0.88-0.92$. SL if B
-Buy: 1.55-1.60$ if A. SL if B
📉SELL
-Sell: 1.35-1.40$. SL if A
-Sell: 1.55-1.60$. SL if A
-Sell: 2.95-3.05$. SL if A
♻️BACK-UP
-Sell: 0.88-0.92$ if B. SL if A
-Buy: 0.50-0.53$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
RENUSDT Bullish flag- Long opportunityBased on bullish flag pattern long on this cryptocurrency, s/l below lowest price within the flag formation
RENUSDT long positionI think that price correction to the upper limit of the ascending channel can pump the price to the defined targets
Ren to 2.5$
I think there is clasic triangle pattern, and if the blue resistance line can hold theres a last chance to break it
What do yo think of it?
REN long swing/breakout playit tested its weekly pivot exactly. and is holding on it. low time frames also have it in a trend tight triangle. but even if it breaks that to the downside the projected range reversal support floor is supposed to be L3 so it wouldnt be bad. Target H3. then H4-5 Stoploss L4
ren is just brkeout i am not financial adviser.
trade in your won risk. i am just sharing my idea here.
wish you good luck.
