#REN/USDT BUYING SETUP (Swing)
$REN Retesting resistance become support after breakout Inverted HNS Bullish pattern . Daily close before is Doji candle if REN next candle with Green candle potential continue upward movement . Buy with money management
Entry : 0.1657 - 0.15 - 0.135
Target : 0.1864 - 0.2119 - 0.2420 - 0.2751 - 0.3098
Stop : 0.125
$REN has broken out of it's bottoming formation and has retested support at $.162.
Now it looks to be setting up a big move to the upside with targets at $.305-$.38. 75%+ upside from here.
I've set sell orders from $.27-$.38.
Let's see how it plays out over the coming weeks. I've put key dates on the chart to watch for changes in price action.
Ren (RENUSD) almost hit today its 1D MA200 (orange trend-line) and instead of breaking it (would have been the first time since December 27 2021), it got heavily (so far) rejected to a point that the 1D candle is flat. This is far from an ideal sign, especially since the rejection also took place a few points below the October 05 2021 Lower Highs trend-line, as...
Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory.
Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the...
Took the trade based on the most recent 2D Buy signal by the UCTS.
Currently sitting on a 25% profit 👌
Looking for a potential R/S Flip around the ~700 sats area that would allow the uptrend to continue
The price action for REN seems really messy and volatile. The volatility could be a good sign of volume arriving.
There is the formation of an inverse head and shoulders here, with like a consolidation/build up potentially starting here for the right shoulder under resistance.
The green box below could be a good place to take long positions. Looking for...
Hi dear friends, hope you are well and welcome to the new update on REN token.
On a monthly time frame, REN has formed a big bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
We have a low followed by a lower low on RENBTC, when we look at January vs May.
As for the RSI, we have a higher low in these two days and that's our bullish divergence.
A strong signal if you ask me and supports additional growth.
The counter trendline is the main/short-term target at 70%+...
There can be more.
We can see the Tether pair for Ren Protocol (RENUSDT) starting to go bullish.
Just today prices start going above EMA10 as the RSI comes out of oversold.
With the entire cryptocurrency market going bullish, we can expect for REN to follow and also grow.
The blue space is support.
The yellow marked areas are the targets...
Additional details on the chart.
Nice to meet you, everyone
I'm an alt trader
I'm analyzing and recommending things that are similar to my personality among many alt coins
MacD is also showing an upward trend
It will rise after a successful test
the trendline is super close and we are probably about to break it in the next few 4h candles
Im looking for a good close above the one to try and go for a LONG position targeting an almost 8% gain
always keep your stoploss guys
what do you think about this?