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RENUSD trade ideas

REN/USD - Consolidation before move higher? If you followed us in on the original chart. Congrats! Preferred entry was suggested at around the 0.145 We've seen some excellent returns since then at approx 250% to the good. Keep an eye on it now as we wait for indication that we are moving higher again. Although a move in now carries more risk there is still a lot of potential with this project. Reasonably tight SL advised if you're late to the party and pick your entry carefully, a lot of potential downside if it falls through support levels. As always not financial advice, just thoughts and TA. Bingaz.
RLong
by Bingaz
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Republic ===7.20.20 aka RENToday we will look at a very interesting project that is a little bit higher in market cap than i like to find in these smaller plays, but fundamentally it can not be underestimated. Now is this the time to buy? THAT IS FOR YOU TO DECIDE. In this space only you are to blame for your failures or your success. I only play long term so i dont care if it pulls back another 50 percent from here as i will continue to average in with even more money and drastically lower that entry price. Take a look at what REN is about i cant spoon feed anyone. Next up ELROND
RLong
by BrandonrG
REN/USD- Undervalued DEFI Project ????Pumps through most Defi projects are the norm over the last month. The key is finding the ones that still have more gains to come. REN worth watching over the next few days for either a loss of support, or pump through resistance. Currently testing bottom of bullish channel but may be rejected by previous resistance line and cause loss of support. That may create a nice entry option at the lower support levels. Currently in front of Loopring (which we saw massive gains from last chart posted) on CMC DeFi listing, REN maybe a valuable option over the next month or so as it's protocols answer some of the bigger questions within Defi. As always, not financial advice, just thoughts and TA. Bingaz
RLong
by Bingaz
REN Protocol - Mainnet RenVM has launched! Bullish!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 – all packed together in one. TL;DR - RenVM is a decentralised crypto asset custodian that: - enables universal interoperability between blockchains: anyone can use RenVM to send any asset to any application on any chain in any quantity. - has robust security: large bonds, large shard sizes, and continuous shuffling make RenVM extremely difficult to attack, even for irrational adversaries. In the unlikely event of a successful attack, RenVM can restore lost funds. - is scalable: as more assets are locked into the custody of RenVM, the algorithmic adjustment of fees allows RenVM to automatically scale its capacity to meet demand. - provides an optimal user experience: users can interact with multiple assets, applications, and chains with only one transaction.
RLong
by InBtcWeTrust
REN / US DOLLAR (RENUSD) Daily Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
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by Dinjin