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AlanSantana
Aug 18, 2020 8:06 PM

Ren Protocol (REN) Goes Parabolic... Next Target 

Ren / BitcoinBinance

Description

Ren Protocol (RENBTC) is no longer a "hidden gem" but quite known right now... It's gone parabolic.

Its price has grown by 1159% since the early Septemeber 2019 low.

Prices are likely to peak soon.

Here I am sharing the next potential targets based on Fib. proportions.

This is not financial advice.
You need to build your own plan/strategy before you trade.

We normally don't buy or considering buying with such a chart, we trade based on TA.

When prices are already moving and also high, the risk becomes higher.

For low risk and high potential reward, we look for altcoin pairs/charts that are bottomed out and trading near lows/support... This is what gets us the best results.

The only real problem you can have while trading crypto at this stage in the market, a bullish altcoins market, is underestimating how far up these altcoins can go.

The potential is huge... We can only guess based on the different tools we have, but they tend to go higher and for longer than we thought...

This is a good problem to have...
The more the market grows, the better it gets for all those involved.


Namaste.
Comments
hugujunior
I don't even know what to say about this project, Alan. My profile has always been long term. I bought a lot at an average of 440sats, and sold 75% in 900sats and the remaining 25% in 1100, I rushed and sold prematurely. I have been looking for a reentry point, but every day it becomes more difficult. It is more than 100% just this week, I know it can go much more. In crypto it is always good to save a little for the long.
MasterInvestment
buy time $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Onesatoshitwosatoshi
Looks like it just broke the supporting trend line at 4192 sat on the 1hr
emrearslanturk
Hi Alan, can you pls chart Ltc, thank you
hugujunior
Will we see a retracement close to 1800 sats? Now my bet is centered on Hbar, I believe that there is enormous potential ahead.
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