REN is going for a new ATH!Since in that coin history the is no reristance for this level, i don't know what should be the target?
- volume is increasing parabolicly.
- The sky is the limit???
If someone knows, don't hesitate to explain me.
Day-to-day, i develop my own work philosophy.
I wish to anyone to enjoy trading as i do.
Not financial advice.
RENUSDT trade ideas
Ren guessI'm bullish for Ren in medium term, there is no direct competitor to Ren in the market atm.
Ren can bridge Btc into Cosmos ecosystem, bridge Dot and Cosmos while other projects focus on liquidity by atomic swapping such as: uniswap, kyber, thorchain, synx - these projects are purely about trading pairs. If you need your btc to execute or pay a smartcontract then this is the case for Ren
RENUSDT formed bullish Gartley | Upto 20% moveWorld's 114th ranked crypto token REN has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look at the dimensions of REN price action's move:
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.03138 to $0.02967
Sell between: $0.03266 to $0.03590
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
REN - LONG opportunityREN seems ready for a bounce!
My "Long Short V3 Strategy" script found bearish trend is losing strength, possibile 2.1R
RENUSDT forming bullish Gartley | Upto 20% expectedPriceline of REN / US Dollar is forming a bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.05409 to 0.05129
Sell between: 0.05629 to 0.06155
Regards,
Atif Akbar (moon333)
