So after establishing support on 400 price zone, RENBTC seems touched the bottom. My prediction is as follow: 1. REN goes till square and if it breaks that level it will continue going up. 2. REN goes till square and it doesn't manage to break, in which case it will go to it's short-term support. Keep SL around 450.
Ren find a top at 25 July 2019. Since then, it keep going down and down and down. Even if the fundamental seems strong in ren, this price correction is brutal and it doesn't seem to stop. If i learn something in those two years of trading, it's to never try to trade against the trend so if you seek a long term entry, i don't believe it's there. We still have...
After a very long downtrend in the last weeks (-62% in the last month) REN has had a few upticks. Is this forming a triangle wich a chance to break up? Or are we still in a downward channel and do we have more to go... Then aim for 337 or 310 sats.
Nice bounce of the weekly Support. Since then it struggled to keep the upward momentum and got rejected at Resistances and also didnt hold Support on the Daily, which now acts as Resistance. Falling RSI right now. Going to see how Ren reacts at the retest of the Weekly Support or the next try to break through the 1 Day Resistance.
After epic fall, from 1400 sats to 400 sats, REN recovered some ground and now nearing 500 sats. REN has done similar in the past where it wiped out all the gains but rose again to new highs. This time situations are different, BTC is raging again and it remains to be seen how REN perform in these situation. REN remains one of the top pic in this market.
So, RSI on lowest point, price falling already more than 1 month, what else to say ? I've put my buy orders between 380-400 price levels, and I expect 20-30% gains from that levels. Be careful with your trade, as BTC is unstoppable )
Don't like a knife catching stuff, but it looks sotempting. Let's go.
$REN On its way to ATL BTC support at ~420 sats Over 60% down since the latest UCTS Signal on the 8H chart RSI at ATL levels (oversold...) Setting new alerts at the support level to evaluate potential bounce/reversal opportunities. #REN
Pretty firm rejection of supply zone (bullish) no real signs of reversal yet
update on $REN Reached ~512sats (55% down from our 1st tweet in this thread...) Wait for true signals of reversal, for now I dont see any. #REN
REN is in continuing downfall, from ~1400 range to 530 range, almost one third. I will rather be patient and will place buy order in and around 500 range. BTC surge should bring REN to that levels
$REN, Bounced from the ~925sats support after testing EMA200 (red) on the 8H.. Overall trend is bearish in multiple TF, Falling from current support will lead to a drop to ~800sats support On the other side, a cross over the yellow trendline will indicate a bullish signal. #REN
REN is at crucial support breaking it will lead to sub 600 levels. Hoping REN will bounce from here.
Not financial advise just my personal analysis and chart for tracking purposes. Expect to see 900-1000 sats short to mid term. Possible we see another retest below 800 sats before going up. Project has strong fundamentals & team. Floating around historical support. Daily MACD is bullish.
Sorry folks, royally fucked up and published the idea below privately. I would've loved to help you guys get a good entry on REN, my apologies. Link to idea: Link is also attached in related.
#Accumulation_Recommendation Pair : #REN / #BTC Technical Analysis Pattern Creation : On the daily time frame of REN and BTC pair on Binance we have seen that a creation of a bullish engulfing candle stick with a good shape of a falling wedge. It is still trying to break out from the falling wedge and can't be considered as a confirmed call unless we see a close...
The price broke down current dynamic support. Right now next zone, where it's gonna be interesting to buy it is around 0.2 fibo level and main uptrend. Zones of interest and targets are on the chart. Good luck everyone! DISCLAIMER: This is just my opinion and view of the market. Please keep this in mind and consider in your trades. Hit "Like" if you like...