REN looking ParabolicI'm feeling more confident that REN will test its ATH fairly soon. It's more bullish right now than the other cryptos. However, I will take profit as and where I can. I'm not aiming to cash out at any potential top. Obviously, REN's price movement is highly correlated to Bitcoin and certain macro factors...
RENUSD trade ideas
Ren PlanSo we can see Ren is having large upwards trajectory, with a inverse head and shoulders on the daily, I expect it to bounce off the ascending support line (between the .768 and .618) and head to the 1.618 fib extension.
With Ren’s Arbitrum bridge, value locked and volume all at all time highs, and progress on decentralizing the platform, Ren is primed for a(nother) major upwards move whilst still seemingly under the radar to most retail traders.
In the high cap alt market, the only alts I see with such gains ahead besides Ren are Tezos, Polkadot, and Curve.
$REN/USD: Moon Trading & Technical AnalysisThe performance of $REN the previous Moon Trading was amazing!!! And look now the % that we are up and it is not even giving us the "sell signal". This looks really promising! Let's see what brings the New Moon of the 6th of October.
Are you into this trade with me? Already +60% in profits here!
Mixed Signals - Wait and SeeI was pretty confident a few days ago of up a break upwards. It happened, more than I anticipated, reaching $1.175. Now, I am less sure of what happens next. There are contradictory trading signals and trends and the macro environment is leaning negative. This is a wait and see moment for me.
long on RENREN has been ripping as of late. Looking for a nice rebound I am longing REN looking for a TP around 1.16
Thoughts?
This is not financial advice. Do your own TA.
REN's Short-Term PathIt looks like Ren is bouncing between the ascending trend line and the 2hr 50 day-EMA. I expect a few days of consolidation and then a move up. Negative macro news could negate this.
Back to $0.90After a brief down trend, REN should head back to $0.90 before the middle of October, before moving up further.
REN nearing Apex at the Golden PocketIf REN breaks trend on MACD and RSI on 1H timeframe, then I'm looking at a strong LONG in the Golden Pocket region. Price is close to a Long term Support and Short term Resistance Apex. If my Golden Pocket entry thesis is correct, I aim for a take-profit range of $0.9-$0.915
RENUSD - Primed For A SpikeRENUSD is showing negative MACD histogram on the 30 minute chart, as well as an OBV high for the month, indicating an undersold asset ready for positive price movement. RSI also indicates that it is undersold. A good time to buy!
Still aboard the MF REN spaceshipI'm still aboard the MF REN spaceship, patience is key.
Reachable target. The question is not how but when it will happen.
REN Up 25.69% from PreliminaryREN has netted me 25.69% gains in the past 48 hrs. This is from an 82.81 preliminary entrance I took back on 9/14. More to come IMO!
Prognosis: I expect REN to smash the 1.618% Fib once more after it completes its current reconsolidation phase.
*Professional Wyckoffian VSA crypto swing trader (since 2017). I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
REN Advance Continuation pt. 2REN so far has netted me a 31.14% return in 16 days. It's been a nice solid swing so far I think. That was from a .51562500 preliminary entry on August 13.
Prognosis: I'm thinking REN has more climbing to do. Look for a possible retest of the current TRR (.5148) before a break further north. Keep an eye on vertical supply and demand (and BTC!) and be prepared to bail if we shoot beneath range midpoint (.4908)
*Fulltime Wyckoffian VSA crypto swing trader since 2017. I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
RENUSD daily scaleit can be in this shape of moving , at first sharp descending trend and then bull with ab=cd pattern
REN on supportRen is bounced from a resistance and is now on a support line, expecting a bounce from here if the market goes well, we will see which way it moves.
Much love <3
REN - usd pair REN / BTC is in a rounding bottom formation and currently breaking resistance. USD pair is in a ascending triangle . Both pairs looking great makes me confident this is a strong and great long opportunity.
REN LONGTrading the breakout by going all in long on spot out of this ascending triangle . 10% risk for 40%+ reward . Solid set up
REN is Pushing the LimitREN pushes the limit. If makes its way past range resistance, it may very well run to the fib targets.
Preliminary Entrance: 0.5122
Do you like big wins and big money? Do you have strong hands and patience?
I'm a full-time Wyckoffian VSA crypto swing trader (since 2017) and regularly seek out the most lucrative swings available on all the major exchanges.
My win rates are between 80-85%. Follow me on TradingView and see for yourself.
All my charts are clean, straightforward and easy to follow. No junk, no needless indicators, just solid volume spread analysis with simple 'take-the-money-and-run' Fibonacci target zones.
Good luck and safe trading!
** Not financial advice. Please trade at your own risk.
REN Next - $1.4-$1.5, Mid Term - $2.25-$2 5 Long Term - $5REN Next - $1.4-$1.5, Mid Term - $2.25-$2 5 Long Term - $5 (Not a Financial Advise)
REN, Time to RunRENUSD, Daily, The MACD & RSI are shifting positive with bullish, reversal divergence implied on this longer-term, time frame. The downsloping trendline is being broken with these recent candle closes, the first since the April 16 & 17 tweezer top, and this breakout occurs at the 96% retrace from local high. This has reversal written ALL OVER IT. Capital can be reclaimed at the first target, and profits take with additional holdings at the marked Fib levels.
buy REN to pay your RENTShort term REN trade setup. Great risk to reward on a high quality crypto project with actual use case.
RENGrayscale Investments updating this list with 13 additional assets: Polygon (MATIC), Solana (SOL), 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Ren (REN), UMA (UMA), and 0x (ZRX).
