RENUSDTREN ~ 1W ✅
#REN Do you have Conviction on this Coin?,. If yes,. This is a very good price to start buying again.
Renusdtforcast
RENUSDT - Fomo shopping?It is not worth buying an asset that has risen 50% in two days.
It is now trading under the important levels.
The yellow levels are weekly.
The green ones are daily levels.
To break through these levels you need a new bargaining power.
Personally, I'm waiting for a breakdown of support. I will be sharpening this move.
On the global support I will try to add volume.
Just a whole strategy, waiting for the bump and then shorting that bump)
REN/USDT 4 HOURS ANALYSIS Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
REN/USDT just broke out the channel and retested it.
Entry: CMP or upside the 21MA
Targets: 80%TO 100%
Stop Loss: $0.2700
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
RENUSDT, Its good for futures traderGood night guys
According to the chart you can see the price change the trend to the upward and break the key point level
At this time we need correction of the powerful candle then we are ready to buy in support buy zone area then we can go up toward the target
BECAREFUL GUYS :
We put Stop loss at the bottom of support zone area but the price and come a litthe below this zone then go up, At first take signal then entrance in any position and take long position
This analysis is good and have nice R/r for futures trader, if you can not take trigger for entrance you can send us messages in private we will help you
Dont forget use stop loss
Good Luck
Abtin
REN/USDT : breakout from bearish trendline BINANCE:RENUSDT
Hello everyone 😃
Ren had a breakout from it's bearish trendline.
Now It's breaking resistance zone around 1.15$..
Volatility is reaching buy limit zone.
So we expect a retest on current zone after taking hold above it !
Then it will be possible for REN to climb our targets 🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
REN +100% in April ✅ Buy: 0.95 - 1.08 ✅
🎯TARGETS:
1- 1.35 (37.42%)
2- 1.76 (75.50%)
3- 2.06 (108.2%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily close below 0.79
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REN (Ren) Token Analysis 23/03/2021Fundamentals:
Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.
Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.
The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.
Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.
Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.
As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).
RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes.
Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.
Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”
Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.
Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.
Technical Analysis:
As we ca see the Token is trying to break down the Support of 61.8% of Fibonacci Retracement
there are good chances that the 78% level of Fibonacci Retracement stands and and if so then the New Rally Starts.
there are total of 3 targets where as the 1 TP will be vary easy to achieve
