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
RENUSDT trade ideas
REN/USDT Bullisch divergenceHello al, this is the first chart I publish, so feetback is welcome.
I see bullish divergence on REN, I think it's time to buy, but I keep my stoploss tight, just in case.
If BTC behaves we might reach the targets you can see in the chart, the red lines.
REN Short-term SignalREN/USDT we are seeing strong bullish action taking place.
I wouldn't be surprised if we more gains.
This is not financial advice.
Trade at your own risk.
Please like, share, follow and comment.
ENJOY!
RSI divergenceHi guys,
Ren reversed yesterday, but it maybe fall again, it can fall to the 0.11170, you can see the hidden RSI divergence.
REN/USDT - Short on Binance - Aiming for 2 TPsHello traders
I'll try to share a few trades a day from now on
First one of the day
A short on REN/USDT with 2 Take Profits
- TP1 a bit before the Weekly Traditional Pivot S1
- TP2 a bit before the SMA 100 Daily
This is a swing trade based on an hourly chart so it might take some time to develop
Will update if hard exited and when I'll set my Stop to breakeven
RENUSDTPossible Cup and Handle formation on the the 2hr. Given the market mood, use a tight stop. Not advice. Good luck!
Potentially > 100% profits in explosive REN move above $1.Hello fellow Traders and Community members.Hope you’re all having a great week.
REN seems to have started the ascent from the bottom of the recent correction below $0.4 and is now trading around $0.5. In my analysis I have determined that this could be the last leg in the parabolic 5th wave up from the Covid-19 crash. As such using the high and low trend lines we determine potential targets. Looking at the previous upward wave on the lower timeframe that took us up to 0.55 we see that the upward momentum started on the last day of the month, similar to this month, and culminated at the top trend line on the 18th of August.This was followed by a correction till the 30th of August.
If we estimate a similar timeframe and the increasingly parabolic nature of the curve I believe a target of $1.2 is probably by the 18th of September. Here I plan on selling into USDT and buying back between $0.8-0.9 (0.5 fib like August) around the beginning of October.
Forecasting such a big move in such a market is obviously just a few steps above shooting in the dark but considering the frothiness we are seeing in the Alt market paired with the DeFi boom that’s ongoing makes this double your money trade a real possibility in my untrained opinion.
Of course this is all just just my opinion and would love to hear what you have to say. Likes and comments are always appreciated.
Ps. Please don’t take investment advice from someone as fresh as me lol. Stay safe and form your own opinions. I don’t use leverage in the crypto market FYI.
Peace
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
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.
