A great swing trade opportunity... I was waiting for a good correction but doesn't seem to be happening so went in yesterday again and out at $0.51.. will be looking to get back in at around $0.45... maybe - if it looks solid and ready for another overnight leg up.
@Libratus, Thanks ;)...caught it at 0.467 and its heading right back up... looking very solid.. Hope you in or got in.. enjoy.
MiCell
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please keep it updates as prices headed?. im just new into Ren. thanks
GreenmanSA
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@MiCell, Also new to Ren trading but been watching the last month.... I just exited at $0.53 as it looks likes its stalling between $0.51 - $0.55 and may head down again as BTC also looking like it may go lower.. so will sit on the sidelines until I see what it looks like it may do.. lots of great work being done with RenVM so also to not get caught on the sidelines.. so if you do exit then keep an eye. I will be looking to get back in in the mid $0.40's as I do believe longer term this is quite the winner - so playing my hand swing trading it as it is a good earner....
Plus I could be completely wrong and shoots up to $0.59 tonight ;)
Libratus
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@MiCell, On the 4hr time frame, trading range is starting to form while on the daily time frame, the trend is still parabolic. I would get in between 0.42-0.46 for a quick swing trade. But watch out for the volatility as BTC seems to struggle to stay above 11.6-11.7k as two mini-drops have happened over the 24hr period.
@MiCell, Ren aims to provide the second layer blockchain interoperability solution. Daily volume is low and parabolic structure is broken on the daily time frame. On 4 hr timeframe, downward channel is taking place with double top formed at around 0.48.