Hello my fellow cryptocurrency trader, let's do it a bit differently today.
I would like to show you the second chart we ever published for Ren Protocol (RENBTC).
This one is dated Feb 19, 2019... See it here:
Ren (RENBTC) A Hidden Gem?/b]
Yes and no... A hidden gem no more since...
We have Ren Protocol (RENBTC) moving higher while gaining momentum... Prices are now aiming at new highs.
The ATH for RENBTC is sitting at 0.00001396, which is just 55% away from current prices, here we are looking at the weekly timeframe.
If the bulls continue to push, which looks very likely based on the signals coming from this chart, RENBTC will not only...
As of May 27th, 2020, the Ren Team has successfully deployed the RenVM code to mainnet. This accomplishment is a massive leap forward for the DeFi space as we currently know it. Never before in the cryptocurrency ecosystem have we been able to utilize a custodian with such features as: trust-less, backed securely in value 1:1, linearly scale-able, decentralized –...
🟨 Ren's RenVM MainNet is almost here and the bulls are still charging ahead. The upcoming technology is impressive and so is this run.
Let's look at some levels to see the bull's path to glory and the bear's best chance of revenge.
The S1 S/R flip is the first point of support for the bulls. Finding support here preserves bullish momentum, which is...
Ren Protocol (RENBTC) peaked recently and prices are starting to retrace.
Now that EMA50 has been tested as support, we are likely to see a bounce before prices continue to drop.
After the retrace is complete... We expect another jump!
-since the last Buy priority signal from Cross Ultimate indicator
-the price went up over 200% til now
-there are multiple entry points during its strong uptrend
-showed in the chart for good pullback entries or breakout entry
-REN also hits an ATH on exchange history
-I do not recommend to buy at current levels
-wait for a corrective pullback and...
What looks like a giant "W" or double bottom formation breakout.
A bit late posting this as it is 30+% over the breakout point.
Still roughly 150% to go if potential target is hit.
Lettuce pray for this meme.
Happy trading :)
Not fully convinced yet since volume is still decreasing & there is a TD9 signalling a potential retrace here (back to 1200?)
but if continuation happens, then it may go to retest ATH (binance) BTC values (~1400sats)
UCTS is green across all timeframes 👌
Based on the previous analysis, RENBTC was positioned to go up, you can see it on the chart below:
Now that the orange trendline and the high hit 18-Apr. have been broken, the RENBTC bulls are in full control.
We are looking at the green arrow next, there seems...
-breakout and new higher high
-new immediate support at 0.071s
-the cross ultimate indicator flashes a Long signal
-trading priority is to the upside
-the potential target is the swing top at 0.0869s+
-key stoploss below immediate support
Ren Protocol (RENBTC), always good/profitable to us, will now resume its uptrend and is aiming at a higher high (HH).
The way this chart is looking, prices will continue going up.
I am thinking that 0.00001416 can be the next main target, but resistance is sure to be found at 0.00000900 followed by 0.00001179 next.
Conditions for change
If prices drop,...