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RENUSDT trade ideas

REN (ex-Republic Protocol) (REN/USDT)..FUND & TECH ANALYSIS✅FUNDAMENTAL ANALYSIS Ren (REN), formerly known as Republic Protocol, is a unique open protocol that provides “inter-blockchain” liquidity access through the decentralized “Dark Pool.” The platform is built on a decentralized virtual machine and then replicated on thousands of machines: RenVM, similar to a blockchain. Ren focused on dealing with “huge” deals quietly and secretly to avoid upsetting the market. Ren Dark Pool feature will help you solve the problem in a completely simple way through privacy, interaction and reality. In short, Ren’s primary goal is privacy for all decentralized financial applications (DeFi). REN digital currency offers many outstanding advantages. Ren integrates with other blockchains to bring privacy and interactivity. By doing so, it improves on new and existing DEX applications, DeFi applications and dApps. Disadvantage of REN Weak internet marketing. In order to support the claimed large volume of transactions, the system requires first to acquire a large number of miners. ✅Conclusion REN is carrying a great potential plus a good team, able to adjust the development direction well. However, the process of developing a RenEx product in beta is still relatively immature, requiring investors to have patience. Therefore, before deciding to invest, you need to study the price cycle and market movements to invest in the right time. -------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS After breaking Dynamic support uptrend line - Price reduced by about 20% and in case of breaking its $ 0.20 support; More correction can be expected in the short and medium term, and buyers will probably will get long position around $ 0.13 after encountering key static and dynamic key support lines. -If REN can hit this area from the intersection, wait and look for buying opportunities... -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
Long
by PRO_SMART_Trader
4
REN.USDT (Y20.P4.E1).Price Action explainedHi, Keeping it short as I'm looking for an entry as this has shown some strength and the pullback is in progress. I have 2 levels of interest, here and the blue one. OBSERVATIONS: ====================================== > Bottom structure\reversal seems to be complete and is unlikely to test all the way down as per neckline, if so, too deep and hence not interested; > On the 4 HRLY, we have confluence with the MA and fib. levels (min. requirement is 2 elements) with confluence; > We have convergence with the MACD; > Now we are looking for that bullish candlestick on the 4 hrly or possibly 2 hrly; > And we have an uptrend on the smaller time frames, hence this is not something I'm saying to go Macro long; Just an potential opportunity until stopped out. Lets see how we go on this likely opportunity; Please give me a like or tick for this post. Regards, S.SAri Closeup Daily chart: Phoeix and Macd show upward pressure; Price above all 4 ema's.
Long
by ssari
RENUSDT AnalysisEngineeringRobo and I are both bullish about REN at the moment If you are holding REN at the moment, it would be advisable to hold and sell with EngineeringRobo sell signals aim to sell at the .4468 resistance level. - If you are interested in buying REN, you can buy now with EngineeringRobo Bull signal (between 0.305 - 0.324). - You could buy if the candles break the 0.4468 resistance level, turning it to the support level Pay close attention for those EngineeringRobo sell signals! If you're looking to use EngineeringRobo, DM me!
by DanFox0x7C6
4
ren receedingI think of this one as the double pump and dump, im looking at lower lows and lower highs and no clear sign of reversal, and to top it off I don't really like the fact that it was recently listed on coinbase, don't quote me but every time a coin lists on coinbase in recent history its been sent there to die a slow painful death, celo, yfi, uni, ren, im missing a dozen more I know but I just think of it as a way to wait for the pump and short for the win afterwards
Short
by track4success
RENUSDT Local Range| 200 MA| Volume Climax| Price Action Evening Traders, Second Analysis – RENUSDT – trading in a local range with defined boundaries, range low likely to be tested. Points to consider, - Range High Resistance ( 200 MA Confluence) - Range Low Support - Price Action Bearish Retest - Volume Climax RENUSDT’s immediate price action has established a bearish retest, allowing us to have a bearish on the market. The range high us current resistance that is in confluence with the 200 MA, price has initially respected it. Breaking above this level will be bullish leading into a change in market structure. Volume profile has a valid influx node marking a temporary top, the next influx will be likely at key trade locations. Overall, in my opinion, RENUSDT is a valid short with defined risk, price action is to be used up discretion/ management of trade. Hope this analysis helps Thank you for following my work! And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Short
by AzizKhanZamani
8