Watch this coin as I believe if it all plays out we could hit $2.40 in the near future. Buy zone is at the bottom of the flag formation. If it does not break out at top, we could have correction wave E and do a quick trade before the BOOM. This is a potential of 4x profit. I will follow up as time passes. It just broke the 50 day Moving Average so it should bounce...
REN is poised for gains, having taken a lateral trajectory from the ascending channel. The yellow rays are my DCA points. I expect more upward action with the PA after a period of reconsolidation.
*Professional Wyckoffian VSA crypto swing trader. I regularly seek out the most lucrative swings on all major crypto exchanges.
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I'm feeling more confident that REN will test its ATH fairly soon. It's more bullish right now than the other cryptos. However, I will take profit as and where I can. I'm not aiming to cash out at any potential top. Obviously, REN's price movement is highly correlated to Bitcoin and certain macro factors...
So we can see Ren is having large upwards trajectory, with a inverse head and shoulders on the daily, I expect it to bounce off the ascending support line (between the .768 and .618) and head to the 1.618 fib extension.
With Ren’s Arbitrum bridge, value locked and volume all at all time highs, and progress on decentralizing the platform, Ren is primed for...
The performance of $REN the previous Moon Trading was amazing!!! And look now the % that we are up and it is not even giving us the "sell signal". This looks really promising! Let's see what brings the New Moon of the 6th of October.
Are you into this trade with me? Already +60% in profits here!
I was pretty confident a few days ago of up a break upwards. It happened, more than I anticipated, reaching $1.175. Now, I am less sure of what happens next. There are contradictory trading signals and trends and the macro environment is leaning negative. This is a wait and see moment for me.
REN has been ripping as of late. Looking for a nice rebound I am longing REN looking for a TP around 1.16
Thoughts?
This is not financial advice. Do your own TA.
It looks like Ren is bouncing between the ascending trend line and the 2hr 50 day-EMA. I expect a few days of consolidation and then a move up. Negative macro news could negate this.
