RENUSDT trade ideas
REN/USDT technical AnalysisIn my opinion, Ren is going to have a head & shoulder bottom pattern and after touching the 0.30304 USDT support line based in Fibo Retracement ,probably will increase until 0.418 USDT and it means that it will result in 38% profit. Please write you opinion about this tutorial technical analysis.
Best Regards
Sell RenVolume is very low, last candle near the trend line, we expect price down to the last support.
REN (ex-Republic Protocol) (REN/USDT)..FUND & TECH ANALYSIS✅FUNDAMENTAL ANALYSIS
Ren (REN), formerly known as Republic Protocol, is a unique open protocol that provides “inter-blockchain” liquidity access through the decentralized “Dark Pool.” The platform is built on a decentralized virtual machine and then replicated on thousands of machines: RenVM, similar to a blockchain.
Ren focused on dealing with “huge” deals quietly and secretly to avoid upsetting the market. Ren Dark Pool feature will help you solve the problem in a completely simple way through privacy, interaction and reality. In short, Ren’s primary goal is privacy for all decentralized financial applications (DeFi).
REN digital currency offers many outstanding advantages. Ren integrates with other blockchains to bring privacy and interactivity. By doing so, it improves on new and existing DEX applications, DeFi applications and dApps.
Disadvantage of REN
Weak internet marketing.
In order to support the claimed large volume of transactions, the system requires first to acquire a large number of miners.
✅Conclusion
REN is carrying a great potential plus a good team, able to adjust the development direction well. However, the process of developing a RenEx product in beta is still relatively immature, requiring investors to have patience. Therefore, before deciding to invest, you need to study the price cycle and market movements to invest in the right time.
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✅TECHNICAL ANALYSIS
After breaking Dynamic support uptrend line
- Price reduced by about 20% and in case of breaking its $ 0.20 support; More correction can be expected in the short and medium term, and buyers will probably will get long position around $ 0.13 after encountering key static and dynamic key support lines.
-If REN can hit this area from the intersection, wait and look for buying opportunities...
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
Short term drop imminent? Lower volume. BTC is not boosting it at all. Slow bleed and low volatility. Not enough buyers.
Kinda feels like the whale has left the building and is waiting for a lower price to buy in.
Ren's likely to make second topBuy at a low level and wait for the breakout of the ascending triangle to move upwards
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This is my personal opinion and observation. It is not financial advice..
ren:usdtits all about breaking the res line in 0.44 price
taget 1 ( price : 0.70) >> target 2 (price : 0.30)
REN.USDT (Y20.P4.E1).Price Action explainedHi,
Keeping it short as I'm looking for an entry as this has shown some strength and the pullback is in progress.
I have 2 levels of interest, here and the blue one.
OBSERVATIONS:
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> Bottom structure\reversal seems to be complete and is unlikely to test all the way down as per neckline, if so, too deep and hence not interested;
> On the 4 HRLY, we have confluence with the MA and fib. levels (min. requirement is 2 elements) with confluence;
> We have convergence with the MACD;
> Now we are looking for that bullish candlestick on the 4 hrly or possibly 2 hrly;
> And we have an uptrend on the smaller time frames, hence this is not something I'm saying to go Macro long; Just an potential opportunity until stopped out.
Lets see how we go on this likely opportunity;
Please give me a like or tick for this post.
Regards,
S.SAri
Closeup
Daily chart: Phoeix and Macd show upward pressure;
Price above all 4 ema's.
REN Bullish Twist on 4EMARENVM is about to make a nice bullish twist on the daily with the 8/13/21/55 flipping on top of eachother.
This is nice.
RENUSDT AnalysisEngineeringRobo and I are both bullish about REN at the moment
If you are holding REN at the moment, it would be advisable to hold and sell with EngineeringRobo sell signals aim to sell at the .4468 resistance level.
- If you are interested in buying REN, you can buy now with EngineeringRobo Bull signal (between 0.305 - 0.324).
- You could buy if the candles break the 0.4468 resistance level, turning it to the support level
Pay close attention for those EngineeringRobo sell signals!
If you're looking to use EngineeringRobo, DM me!
