RENUSD trade ideas
REN to $3.35 on the next leg upA big breakout seems imminent. Volume has declined over the past few weeks. Currently almost at the long term trendline. EMAs having been holding well. $3.35 is my target on the next leg up.
RSI Trend -> Something in the works?Looks like there is potential on the RSI. Once the RSI reaches oversold, perhaps there will be a pump.
REN/USD: Be Prepared...big move incoming...both trend lines have been touched multiple times so i don't expect it to hold...which one will it be?
REN, Gann Fan and sentiment analysisRen seems to be trying to break out of that micro downtrend into the 0.236 fib support if it follows such plan it will be working towards $1.27
REN Uptrend Revs-up Ren Protocol is a permissionless and trustless protocol that allows users to transfer tokens across different blockchains.
We went long REN/USD on 26 March 2020 at $0.04 and are +2525%. Today we see a new possible entry point at $1.05 after a 41.6% retracement from its 20 February high of $1.80.
REN has found support at the 50 MA and looks primed for a resumption of its uptrend. Both the 50 MA and the 120 EMA are rising and buying volume has been healthy.
In August 2020, Ren teamed up with Acala Network to bring Bitcoin to the Polkadot ecosystem. That September, Ren announced they would also be supporting the Binance Smart Chain.
Last October, the Ren token was listed on Coinbase. The following month, Ren unveiled their Multichain upgrade, portending support for Digibyte, Dogecoin, Filecoin, and Terra.
Last month, Ren officially integrated the Binance Smart Chain. They also became a part of Alameda research and are working on bringing wrapped assets to the Solana blockchain.
Ren's main objective is to become the interoperability hub for the entire cryptocurrency space.
We remian bullish on REN/USD.
REN 4 HR looking SpicyJust my opinion we could see a break from the trend line today or tomorrow. I have no projections on price target though, still learning how that all works.
Rennies to them Penniesrennies to them pennies? i thinks not rightz nows. rennies to them pennies would be dream but my dear rennies... a nice ride sooon. buy zone now $1.09... if lucky again at $0.975... or even $0.79 but ren look like move any days up.
RENUSDBounced From Upper Channel to the Bottom of the Descending Channel.
Multiple levels of the Resistance above
Target : Below $1.00
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Undervalued and Overlooked GemREN will probable me crypto favorite after it passes $10. Right now it is a bargain with a trend line only beginning. Do your own DD.
REN/USD78.6% fib retrace tagged with a clear break of the short term downtrend. Now we are looking for the 1.03 area to hold as support. Projected short term move into 1.40
