REN 31/08/20Between that wedge and it's score on quantifycrypto.com I thought it would be good to hold a little bit of this, have set an alert to check it's score if it touches that lower support
RENUSDT trade ideas
RENUSDTThe currency is in a general bullish trend and is nearing the end of the bearish correction
It's a good idea to go long after the wedge has broken higher
Targets are shown in the chart, stop loss and price return below the entry point
Good luck
REN.USDT and BTC (Y20.P3.E1).Solid trend but be patientHi All,
REN is another solid performer as one just has to look at its past price action.
I am anticipating after a peak like this one, it will pull back to the 21/34 EMA and\or the top of its previous channel and continue.
I did see this with both KAVA and LINK so the likely chance REN does the same.
There isn't much words since this post is about stalking REN.
Lets see if we can get this right.
Cheers,
S.Sari
REN/USDT 2 Day chart: upward pressure on both Phoeix and MACD indicators
REN/BTC pairing chart:
RENUSDT - Long - Potential 46.75%RENUSDT - Long - Potential 46.75%
Entry - 39222
TP1- 48170
TP2- 57006
SL - 31746
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!
Perfect bounces in the trend channel plot the path of the bull.Hello TradingView community, hope everyone has been having a great day.
As many of you may have noticed that REN has formed a consistent trend channel on the lower time frames. However the consistency of the intra trend bounces is truly surprising. For the last couple of days or so every bear move has formed a 58 degree angle from peak to trough whereas every single bull move has been marked by a 72 degree angle from Trough to peak. The similarities don’t end there as every bull rally in this short channel has add 11-12 cents in price.
As long as this trend remains intact Itseems the wisest course of action would be to follow it hence I’ll probably be going long at $0.505 and closing the trade at $0.605 (sold at 0.558).
What do you guys think? Anything to this analysis or just mindless ramblings? Let me know with ur likes and comments. Thanks For your time guys!
Ren- Muti-time frame analysisAnother hot oracle/infrastructure token riding on the DeFi hype. Good for short swing trade that lasts for a few days or weeks.
RENUSDT AnalysisPeople who bought REN from Super Buy & BUY 2 signal, enjoy your 129.88 PROFIT that you made less than a month!
There's also the green cloud present as a buy signal.
If you are holding REN, do not hurry to sell. You can sell when there is a sell signals present or wait for candle to open-close below the support level (0.39).
If you want to buy REN, wait for a candle to open closed above the support level for 1D (0.39). There's a candle above the support level but I would wait for another candle to open close since the last candle is still on the support level.
After you buy, watch out for EngineeringRobo's sell signals to not lose your money or your profit.
RENUSDT ANALYSISI have 4 positive signals It also above the up trend line and support line
I saw buy3 this coin too . It means this coin most likely on the rise
I am bullish at the moment you can join this train now and watch carefully EngineeringRobo' s sell signal.
Have a good trade . If you want to use EngineeringRobo please dm me.
RENUSDT analysisWe can buy at support 0.223usdt and watch for sell3, sell2, sell1 or hell signal for sell decision. The chart is very bullish and at an all time high.
RENUSDT ANALYSISAccording to my analysis, I will wait that the candles pass the resistance line(0.19290). In addition, EngineeringRobo's signals give the buy, so If you wanna buy now, it's okay as well.
After the resistance line(0.19290), no more line so. If we buy it, we should watch the signals every time.
The TWD VPV Risk Range Indicator on the 1hr RENUSDTThis asset has been ranging nicely offering great long and shorts signals. I am accumulating this coin so I have been selling part of my REN position on the short signals rather than going outright short and increasing the amount of REN coins I hold by buying them back on the buy signals. I have been using the signals linked to automated bots to manage the position.
RENUSDT ⚠️ How Low Can Ren Go In This Current Uptrend?Introduction:
💬Ren (RENUSDT) is looking good overall with its current overall uptrend, now the question remains of if this can hold going forward or if this current market structure is producing a top formation?
Only Time will tell but we can surely plan accordingly for both the nest case situation of continuation and worst, being a rollover and breakdown of this current uptrend.
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Support:
S1: This Bullish Orderblock is being tested ATM and we are hoping to see this be the "best case" scenario for a bottom being found. If that is not the case then we are looking at one level lower to keep us bullish.
S2: We have a Bullish Orderblock and S/R flip contained within this range as shown on the chart. This range is seen as the true bull's last hope going forward, sure we could see that lower range retested but a retest of that would surely break the current uptrend structure and bring a fair amount of fear into the market.
Resistance:
R1: Considering that REN is in price discovery mode we are not looking at any major levels above other than the current range swing high where a Bearish Orderblock has been identified. If we get a break above this level and go higher it is expected that a retest would be a good entry point for a c continuation play.
Summary:
While REN is currently uptrending, we are cautious as this most recent cyclical move shows potential weakness is REN's price structure. Bulls better be planning for the worst and hoping for the best because this could surely get pulled down by the large-caps moving in lockstep with one another if a BTC or ETH correction happens. At the same time though this uptrend would be significantly attractive to anyone looking for a speculative long and so if large-caps make a move higher this one has room to run.
REN/USDT 12hr Chart (Beginner Trader)Nice small pullback after a few days of bullish price action. Hopefully the 12hr candle closes small and the next candle breaks the high of it which will trigger our trade.
If it fits your rules have a look at it.
Any positive feedback would be greatly appreciated cheers.
Ren - supportPossible support area for REN here at .174. Scale buy here, another bite on reversal confirmation.
RENUSDT Looking Like It Will Continue To Set Higher Highs... Ren is still looking bullish... If we can get a break out AND a close above the two tops we could see REN move up another 20ish percent. Ignore my long position graph i only trade FUD and FOMO... jk but i am feeling quite confident REN will continue its bull run and break out to new highs.. Based on the short term decline in price from the top, we may see a bit more of a correct within our ascending wedge before another solid breakout happens.
Ascending Wedge is looking tasty and i'm going to be keeping my eye on the Volume and Momentum indictors for further reassurance.
Let me know what you think. :)
RENUSDTRENUSDT, the has been increasing and about to reach the resistance line. Possible scenarios at this point;
1. It will continue to increase and hit the resistance line above with an open-close candle. it is time to buy.
2. It might start to decrease, wait until it pulls back the uptrend line with an open-close candle, it is time to sell. The next movement will be through the support line.
Binance Hot list coin July, 3rd 2020 : RENUSDT #4The EMA 55 in this chart pattern (yellow) is having a significant effect that drive the price as a dynamic support. In align with this moves, the price is forming a contracting triangle pattern which is now trending very close with the APEX of the triangle. At this stage, there will be a war in the order book between the bears and the bulls. But, it's worth of waiting that in case the price can breaks out to the upside, we'll see a further push toward the interim swing high region.
RENUSDT - GAIN +25% [LONG] 2W25% in 2 weeks.
Keep it going until it goes sideways out of the channel.
