BME:REN price action has been in a falling channel for Months...
Current Price: 0.058
A clean break out of the channel will lead to up resistances: 0.072, 0.105, 0.136, 0.170, 0.206, 0.234
Else #Ren will retest previous support around 0.041
Currently a low Risk Spot Buy!
First an introduction.
Ren is an open protocol used for transferring cryptocurrencies within blockchains. Its aim is to facilitate the movement of digital assets around a multi-chain decentralised finance ecosystem. The system integrates into existing infrastructure and claims to be 100x faster than atomic swaps, allowing users to access tokens from any...
REN is inside a large diametric pattern. Looks like wave E is over. Now ready to move up for the F wave. It can go up while maintaining the green area.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trading a descending broadening wedge pattern involves a systematic approach to identify potential entry and exit points. Here's a step-by-step guide on how to trade a descending broadening wedge:
**1. Identify the Descending Broadening Wedge:**
- First, you need to recognize the pattern on a price chart. Look for two converging trendlines with the upper...
Logarithm. Time frame 3 days. Exit from the downtrend in the long-term trend.
Local trend. The price is at the lower zone of the horizontal channel at its support. For local trading, it is important to break the descending line of the local trend (purple color). In general, this is the accumulation zone of this cryptocurrency.
Line chart. This squeeze under...
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REN Showing high volume whale trend, and can explode with new candles in the coming time.
Unexpected volume did start, we did add before about it.
Ren seems to be ready for a new increase in volume in the coming hours.
It will stay trading, there is no guarantee that this volume will come, but the possibility is high.
seems like has already bottomed out and long downtrend ended
falling wedge breakout has already confirmed while rsi printed massive bullish divergence expecting massive recovery in coming days
expecting 3 to 4x bullish wave
💎 REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching...
The REN symbol is inside a timing diametric that looks like we are nearing the end of wave E of this diametric.
The green area could be where wave E ends and wave F begins.You need confirmation and trigger to enter the position.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#Ren
We see a bearish flag on the 3D frame with a strong support area from which the price bounced more than once before.
With a trend that is about to be broken by the price higher
With oversold saturation, we expect a rebound upwards from the support area marked in green, upwards from 0.0368 to 0.0427.
We can take goals in several stages.
First stage ...
Hbar 1W chart looking amazing. Coiling up to breakout in the next few weeks/months. Definitely a great project with great fundamentals as well. Keep your eye on this one when it rips
REN is looking great on the 1hr chart. Peeking it’s head out the A-tri, would like to see a 1-4hr close above the trend line & preferably a backtest for confirmation
Hi dear friends, hope you are well and welcome to the new trade setup of REN token with Bitcoin pair.
Previously we caught almost 180% of REN as below:
Now on a 4-hr time frame, REN has formed bullish Butterfly move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop...
Currently, we are in a large renge, and the main areas are marked on the ceiling and floor, and each of these areas can be entered into position with resin.
Logarithm. Time frame 1 week. The main trend.
The psychology of accumulation and distribution zones.
The graph shows and describes the logic of work in the accumulation and distribution zones of large and small market participants (fuel). Coin as an example. It's always the same. But, always those who are “market fuel” are sure: "This time it will be...
