Renprotocol
Ren Protocol Developing Bottom Pattern (300% Potential Profits) 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.
Namaste.
REN PROTOCOLRen is a utility token that aims to incentivize a global network of users to allow anyone to transfer both new and existing assets across different blockchains.
For example, with Ren, users can lock bitcoins (or other assets) in a smart contract, and in return, receive the equivalent of ether on the Ethereum blockchain. From there, Bitcoin holders could use Ren to access Ethereum’s suite of decentralized finance (DeFi) products without having to sell their bitcoins or even transferring their assets across blockchains.
Using these Ethereum tokens, a user could even participate in Ethereum’s DeFi ecosystem, including on lending and borrowing platforms such as Compound or Aave. All the while, the user’s bitcoins would remain locked in Ren software.
Should a user seek to unlock their funds, they would need to use the REN cryptocurrency, which is needed to pay nodes for operating and maintaining the network.
Symmetrical Charting shows potential projections
The best buying opportunity is the capitulation events on this chart
Study this chart and see if you find value in this
REN is currently ranked #164
Market Cap $538,642,866
Still aboard the MF REN spaceshipI'm still aboard the MF REN spaceship, patience is key.
Reachable target. The question is not how but when it will happen.
$REN preparing to breakout from the descending channel.$REN
Testing the upper side of the descending channel.
Might retest the median zone of the channel.
The retest at $0.7 level was clean and with increasing volume.
Currently, the volume is increasing as well.
REN BTC Daily. Under the Radar Defi....Moving Up?REN Protocol. I hold this coin, it's fundamentally extremely good, I have no doubt this coin will do extremely well. Check out a very good recent piece on REN by 'Selcuk Aslantas' on Medium.
To me, the chart looks good. A break out of the recent downtrend looks underway. Price has broken through the descending dashed line and is now approaching the 180EMA. If we can close above this EMA then I see this as a potentially very good long opportunity. But, waiting for this trade to develop has taken some time!
Note the bounce off the Fibonacci 0.786 retracement.
Neutral for now with a bullish sentiment!! Go REN....
$REN - Ready for the next leg up.Looks like REN is ready to finish its correction of the impulse from 0.2 to 1.8.
TP1 short-term, TP2 mid-term, TP3 long-term.
Big player with huge potential.
Yesterday partnered with DigiByte & 1INCH.
Considering its nature, the project will continue to announce partnerships.
Ren protocol [REN] support & Break-out setupHi everyone,
As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation.
When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want to see the right volume and price action to confirm this.
Strong fundamentals:
> Ren getting to the Greycore
> Partnership DigiByte (DGB) through LinkSwap bridge
> Partnership PlasmaFinance
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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This is not financial advice
REN Daily Breakout Setup REN Cryptocurrency token is ready to breakout here
it is breaking out on daily time frame volume on previous day also looks good ready to breakout
Start making position here with stop below support zone.
Long : 1.15 below
Stop : 0.97
Target : 1.19, 1.28 , 1.97 , 1.58 , 1.75
REN (Ren Protocol) - Is the correction over?REN has corrected almost 50%. This seems like an overcorrection and I believe we will see strong movements upward now to compensate.
It's recently broke above a trend line and seems to be in the process of moving upward, If the move fails we could see drops down to a higher demand zone - as low as 60 cents.
I have opened a trade on REN just as it broke out and will update as it goes along.
This is not financial advice
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REN/USD LongREN here looks primed for a move upward
especially if some volume comes in to add
confluence
-A running flat (3 3 5) has been formed here
-The MA100 is well below the EMA30 which is
temporarily acting as support creating more
bullish confluence.
-If the gold line keeps holds as support and the
bull pennant (gray) breaks out the top diagonal
we should see a move toward $1.50 at least
Ren Protocol provides interoperability between
different blockchain platforms.
REN is fundamentally sound and is
Decentralized Finance (DeFi) so will be getting
a lot of attention this coming year and long term
will likely be a good investment as well as being a
solid short term swing.
REN could RUNif REN price breaks above this current resistance, we could see it go parabolic... REN has pretty great tokenonomics with their RenVM that generates fees and adds value to a sector of the DeFi community...I will continue to monitor Ren Darknode daily/weekly/monthly fee growth as we watch the RENUSD price for a possible breakout
RENprotocol [REN] ready to growHi everyone,
It looks like REN is in a situation were it can take off. We just need to wait when the volume kicks in.
Target points are marked on the chart:
> TP1: 1,12$
> TP2: 1,33$
> TP3: 1,67$ (possible)
After confirmation of a clear break-out, new ATH's will be made!
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Happy trading.
This is not financial advice
Previous analysis => Spot on
RENprotocol (REN) ready to launchREN is looking promising past days. The patern is above the EMA10 what shows that the bulls are in control.
We expect a break-out above 0.37$ trend line.
After confirmation of a clear break-out (retest trendline as support) the ATH will be tested.
Happy trading.
This is not financial advice
REN Price in Triangle REN cryptocurrency chart looks really good
ren protocol price now in the triangle
breakout above 0.35$ will send price higher
Buy breakout above 0.35$
Ren Protocol (RENBTC) Holds At EMA100, Long-term ChartRen Protocol (RENBTC) peaked in late August 2020 after a massive bull run.
This bullish run printed a total of 1510% in profits.
Now, a strong correction took place for 3.5 months and is likely coming to an end.
We can see that RENBTC went below the 0.786 Fib. retracement level of this last bullish run.
Support was found at EMA100, blue line, where we can see a long lower wick on last's week's candle, and this week we see prices moving up.
If EMA100 holds, Ren Protocol can finally resume its growth.
This is not financial advice.
Thanks a lot for your continued support.
Namaste.
Ren Will Continue To Grow, Only Getting Started!RENBTC can easily go for a higher high now that prices bounced off the MA200.
Currently, we can see RENBTC safely moving above EMA50, while gaining in bullish momentum.
The MACD is now above zero and ready to boom:
There is also a hidden bullish divergence...
While the RSI is also very strong:
The signals here are very clear... Ren protocol can go for a higher high next.
Namaste.
Previous chart: Ren Protocol (Going Back 1.5 Years...)
