RENUSD trade ideas
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.
RENUSD - COINBASE on the Daily 🤖360 Elite Trading Course
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**Not Financial Advice: please DYOR**
Charting:
Trend lines
Support & Resistance
Channels
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