$REN BreakoutExpecting fireworks from $REN in April very clean PA on this cryptocurrency. Solid coin fundamentally. Longby JD_XBTPublished 3
another falling wedgeSo, it looks that most of the coins which pumped in January are setting up to pump again in this period. At least those I'm stumbling into. REN had a great run since end of December and now it looks at the end of this falling wedge, this looks clearly into a reversal (already started). If BTC doesn't mess up the market it should break out soon, however ADX+DI shows that the momentum is uncertain so I would suggest to enter only 30% now and wait for price to test 1.11USDT. Afterward, if it keeps going up you can buy the rest. Very often wedges get retested after the breakout, I've a feeling this will. I might be wrong but this is my feeling. Stop loss is the bottom of the wedge and the maximum target is on the chart.Longby ShotokhanUpdated 3
RENUSDT TRADE SETUP IDEAAwaiting breakout of the upper trendline may enter upon breakout and retest of the support. Will keep updated here. Targets looking at 34%-74%. DAILY CHART: Longby Trader_E9Updated 119
RENUSDTRen is about to fly. Not financial advice, DYODD and use stop loss. Trade safe!Longby zsharyginzPublished 5
REN/USDTREN is in a bullish falling wedge and ready to break it at any time. After a confirmed breakout (4h) and a retest on breakout level, we could start a good trade here! More updates on this idea will follow. Like always do your own research and let my know what you think about my idea. Cheers CryptoFoxLongby artschi88Published 2
RENUSDTEntry : 1.03 - 0.98 Targets : 1.15 - 1.20 Stoploss: 0.93 Enter stepwise and put stop loss in order to reduce the risk. Shortby Amir0rezaUpdated 443
REN/USDT - False breakout, price return, exit from the triangle Hello everyone, analyzed the REN/USDT pair On the graph, wine is all you need to make a decision. A grid of buy orders will protect you from a big loss, if suddenly, bitcoin wants to drop lower. Trade wisely, don't overestimate the risks This is just my opinion, and you trade in accordance with your trading plan. Targets are indicated on the chart as a Fibonacci grid. Stop loss, everyone chooses for himself, observing his own trading strategy Trade with your trading system, do not overestimate the lot in the position and do not overestimate the risk management. Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading. LINK IN BIOLongby CryptoJaegerBPublished 2212
Ren usdt UpdatesThis is my View of Red When the Correction will be on So this is my 3 entry prices Good luck all by CryptoObattalPublished 114
REN USD bullish signal at 4h frame 2x on the mid of Aprilthis is my upcoming prediction for ren/usdt 2x on the mid of April, dont forget you always need to do your own research everything you need is on the chartLongby tothemoonmoonPublished 118
REN USDT trading signal idea What's your thought?Ren/usdt draws good pattern, check breakouts and wait.Longby sasha_will_buyPublished 556
RENUSDTJust wait until the correction in line 4 is finished and it'll be ready to launch. DYODD, not financial advice.Longby zsharyginzPublished 2
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 Longby BitonGroupPublished 131317
Ren protocol [REN] support & Break-out setupHi everyone, As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation. When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this. Strong fundamentals: > Ren getting to the Greycore > Partnership DigiByte (DGB) through LinkSwap bridge > Partnership PlasmaFinance In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 Please like and leave a comment 🌜 This is not financial adviceby M00N_BEAMSPublished 5
Buy 1DRen very bullish structure.. Early long before breakout. Targetting 1.4 Longby eltipo_618Published 0
REN Daily Breakout Setup REN Cryptocurrency token is ready to breakout here it is breaking out on daily time frame volume on previous day also looks good ready to breakout Start making position here with stop below support zone. Long : 1.15 below Stop : 0.97 Target : 1.19, 1.28 , 1.97 , 1.58 , 1.75Longby TheLightCryptoPublished 0
RENUSDTRen is looking bullish af right now. A great token to hold with spot and x2-3 your money in 1-2 months. Not financial advice but I am hodling so DYODD.Longby zsharyginzPublished 0
REN possible setupRen is setting up to be a great buy right now. There are two ways to approach this, 1. Buy it before break of trendline, you get a for a cheaper price but the risk is higher, next major support for REN is around the 0.88region chances of it dropping that low are not very high as the $1 mark also holds as a very good psychological level. 2. Buy it after clear break from the trendline (white arrow structure). if you choose to go this route, a retest of the trendline may not always happen and it can just jump past it. Enter the trade at your own risk, i am not a financial advisor.by SilentAerisPublished 0