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RENUSDT trade ideas

LONG REN with profit targets and stopsLONG REN - Bouncing off 200 day SMA initial stop is at 0.238 target 1 is POC 0.324 sell 1/2 move stop to BE target 2 is VAH 0.400 or trail with 4 hr ATR ============================================ Ren built and released the first decentralized dark pool (RenEx) in 2018 and is now generalizing this technology to create an ecosystem for building, deploying, and running general-purpose, privacy-preserving, applications using zkSNARK on a newly developed secure multiparty computation protocol (sMPC). Ren's core product is now RenVM, which brings interoperability to decentralized finance (DeFi). RenVM is intended to be a decentralized and trustless custodian that holds your digital assets as they move between blockchains using zero-knowledge proofs over an sMPC based protocol. The state, inputs, and outputs of all programs that RenVM runs are kept hidden from everyone, including the Darknodes that power it. This allows RenVM to securely manage ECDSA private keys on different blockchains, making it possible to shift digital assets between blockchains in a trustless, permissionless, and decentralized way. Nodes that power RenVM, are referred to as Darknodes. These can be operated by any member of the public that posts a bond of 100,000 Ren tokens (REN). Projects that utilize RenVM pay a small fee to Darknodes for providing interoperability. Given the one billion maximum REN token supply (ERC-20), there is a maximum of 10,000 possible Darknodes. Ren is currently in phase sub-zero where there is only one group of nodes responsible for consensus and execution and it is run by the Ren team.
Long
by HodlTradeCrypto
3
RENUSDT (Waiting for the support line Breakout in day chart) RENUSDT (1 DAY CHART) Technical Analysis Update Waiting for the support line Breakout in a day chart REN/USDT currently trading at $0.29600 SHORT Entry level: Enter short if the 1-day candle closed below the support line. STOP LOSS: 0.3500 Support level 1 (Target 1) : $0.23500 Support level 2 (Target 2) : $0.16500 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment on your thoughts.
Short
by GreenCryptoTrades
1
REN / USDT 4 hr timeframeREN / USDT has respected the lower trend line of this long term bull pennant , having tested it twice and found support. Another retest or continued rising price action may indicate that it has bottomed out. The same trend line applies to a smaller pennant on the 4 hour time frame, and price action is reaching the tight end on both pennants . One to watch, and an opportunity for an agressive entry if this trend line support continues. The Stochastic has just ticked up on the 1hr and is about to on the 4 hr . The RSI on the 4 hour has ticked up, and there is plenty of room upwards on both 4 hr and 1 hour.
Long
by Bantrygeezer
REN / USDT 4hour and daily timeframesREN / USDT has respected the lower trend line of this long term bull pennant, having tested it and found support. Another retest or continued rising price action may indicate that it has bottomed out. The same trend line applies to a smaller pennant on the 4 hour time frame, and price action is reaching the tight end on both pennants. One to watch, and an opportunity for an agressive entry if this trend line support continues. The Stochastic has just ticked up on the 1hr and is about to on the 4 hr. The RSI on the 4 hour has ticked up, and there is plenty of room upwards on both 4 hr and 1 hour.
Long
by Bantrygeezer