REN LongRED might break out of symmetrical triangle and head for FIB 2.618 as it did in previous instances.Longby JakubSolarPublished 118
$Ren possible W formation ?$Ren looks like having a possible double bottom W shape on daily and sitting perfectly on fibo 0.5 support. If upwards movement follows, we can see the fibo 1.0 (1.84 usd) is W formation target.Longby DezinhoPublished 7
Just a thought from a student...I would like to get some feedback. My thought is backed by the upcoming events and utilization of the token. It pretty much is a middlemen to reduce Ethereum fees. Currently strong use potential and they have daily contact with their support base via twitter as well as they will launch testnet and upgrade to mainnet soon.by fuhrmannecknPublished 114
REN- Looking good / Interoperability will be keyIntroducing RenVM, an open protocol providing access to inter-blockchain liquidity for all decentralized applications. 'Bring BTC, BCH, ZEC and more to your Ethereum app' as they state. Interoperability, in a growing blockchain landscape might end up being the key. I see value in the project and technically I am good to buy in it now. ref: renproject.io Longby FX_ProfessorPublished 4417
RENUSDT Local S/R| Swing High| Price Action| Volume Evening Traders, Today’s analysis – RENUSDT – trading above a key technical location where a deviation is probable, Points to consider - Price Action Impulsive - Local S/R Support - .618 Fibonacci Resistance - Swing High Objective RENUSDT’s immediate price action is impulsive, trading above the Local S/R, confirming it as support allows for a bullish bias towards the .618 Fibonacci Resistance. The Swing High is current objective, exceeding this level will increase the probability of continuing the current trend. Current volume profile is increasing, this needs to sustain for continued momentum to the upside. Overall, in my opinion, RENUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Stocks are bought not in fear but in hope. They are typically sold out of fear.” – Justin Mamis Longby AzizKhanZamaniPublished 1139
Shorting REN for a 30% dropI am convinced to short RENUSDT here for a 30% drop for the C wave down, and then I expect a rally for a larger degree wave 3.Shortby XANABI_on_CHARTSPublished 330
$REN - Swing trade set upSymmetrical triangle formation accompanied by volume decreasing in a similar manner. Breakout should follow with large volume expansion - ideally a long position should be taken at the swing high point. Breakout from the triangle could go up or down but this protocol has excellent DeFi fundamentals, so expect up side. dyor ;)by vita-mindPublished 0
$ren $renusdt$ren $renusdt...good buying opportunity from .97 cents to .75 centsby jainmitesh24Published 0
Ignore the breakout: BTC dump will kill REN!REN is in a great position to spike up to resistance and then fall down and probably break through support. This assumes that (5) has completed. It is worth noting this is a pretty aggressive and risky reversal trade since there is a triangle that broke out to the upside and there may also be an inverted head and shoulders forming.Shortby bowtrixPublished 5
REN (Ren Protocol) - Is the correction over?REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate. It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents. I have opened a trade on REN just as it broke out and will update as it goes along. This is not financial advice If you enjoyed this analysis please like and follow!by JamesVitalyPublished 7
REN to TEN but first....Ok look REN is the most under-valued project in crypto and that is a scientific fact. Don't argue, don't pretend otherwise, just accept it. REN is the bridge between blockchains and running darknodes is going to be like owning a crypto printer for btc and every other supported chain. You buy, you hold, you profit. Put your big-boy pants on and get yourself 100k and get that darknode running and financial freedom is right around the corner. Do it!Longby Fomosexual9Published 225