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).
RENUSD trade ideas
ALKALINE PORTFOLIO - RENGood morning, Alkalites! As promised, today we will start our Altcoin portfolio!
⚠️ How are we going to do it?
This will be our Alkaline Free Crypto Portfolio. This portfolio will be held for the long term, so you must manage your capital to deal with potential dips in the crypto market. We will not provide every entry in one post, as we believe in the power of dollar-cost averaging. Leverage is not allowed, this portfolio must be followed by a Spot wallet.
Our analysis will be provided with an approximate entry price and the name of the token.
All the ideas provided must be taken with the same capital so that the performance is similar to the CryptoAlkaline portfolio.
You must divide your capital into entries of 2-5%. For example, a $10k bag will place entries of $200-$ 500, and in case of running out of money from the allocated capital, new entries must be taken with the same size.
It has been proven that the cryptocurrency market follows the same direction most of the time and that in this case, diversification does not eliminate the risk of losing money. However, we rely on diversification as a tool to increase our exposure to sporadic hikes in certain Altcoins.
Understand the risks involved in buying cryptocurrencies, and execute these activities legally according to the regulations of your country.
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We will add our first entry in Ren (REN/USD // REN/USDT)
ENTRY PRICE $ 0.477
NO LEVERAGE, NO TARGETS
Please read our "Free Crypto Portfolio Rules" before placing your positions.
From a technical view, Ren is undervalued when trading below the last cycle support. In addition, its low capitalization is a gem for our portfolio.
Ren describes itself as an open protocol created to provide interoperability and liquidity between different blockchain platforms. Its aim is to implement interoperability in the DeFi ecosystem, eliminating the obstacles that liquidity implies between blockchains.
Good luck, Alkalites!
REN/USD zonesWatch fr short term resistance to retest lower before markup .53-61 retrace price action
r/r 5.36
very undervalued DeFi project
UTXO coins on Eth/DeFi network
Summer2021PAMP!!!
Lets go~
Looking for a bounceI've been in and out of this one quite a bit. I like that it deals with liquidity between BTC and ETH from what I understand. Crypto market is overall very fearful right now. Good time to play these major support lines to see if you can get a bounce. RSI looking good as well with that reversal on the MACD.
Good luck to you.
$REN - Watch for a breakout here. At this point I'm fairly convinced that REN has finished it's correction. Like a lot of coins, we need to start looking for breakouts when BTC bounces around 38-40k.
REN i'll be waiting for new buy level REN
Best entry with back to demand level
ENTRY : 0.763
TP : 1.15
SL : 0.575
Risk : 25%
Profit : 50%
Trend since Oct '19Looking at the last year and a half, and if the trend continues, the next long leg up may put us in the 3.50 - 5.00 range. What do you think?
I am nobody's financial advisor!
Ren possible 200+% breakout.As we can see the weekly stock Rsi has cooled off, and now a third potential run is coming along with the bullishness of the whole crypto space.
The previous two breakouts exceeded all expectations and gone even beyond our Fib target, for this one i expect a 200% increase in the coming months.
REN/USDthis bullish channel can push the price very well.
put your SL by crossing channel down.
your TP is top of channel.
Reverse Head and Shoulders on REN/USDLooks like a moderate form of inverse head and shoulders - reversal confirmed.
PT0 .95 (create support zone)
PT1 1.02
PT2 1.12
$REN - Looks like we might have bottomed out here. It's a bit weird because both wave 2 and 4 were deep.
Correcting in the .786 area would take us into Wave 1 which is highly unlikely. This adds to the confluence of this being a reversal. My SL would be placed below the .786 region if I were to enter.
RENUSDT : BUY FROM THE MAJOR SUPPORTHi to all,
REN is moving around its major support level after the BTC correction. We can try to long it from here. Targets are on the chart.
Good Luck!
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Bullish Diamond breakout could target the 786 retrace and beyondThe MACD seems to be trying to build more positive momentum as volume picks up near a breakout zone I believe we could breakout and see much higher levels if this continues.
