RENWe have a resistance in the red lines that can be touched if the green line is not lost, but it is difficult and there is a high pressure area
RENUSDT.P trade ideas
REN/USDT Ready for the Next Bull Wave? 👀🚀REN Analysis 💎 Paradisers, direct your attention to RENUSDT, as it displays a compelling market trend. REN is currently poised to challenge a key resistance level at $0.0736, which could be decisive for its upcoming market trajectory.
💎 Should Ren manage to break through this significant resistance, it might open the door to a substantial bullish trend. This possibility is underscored by the potential for a strong upward movement, especially if the price sustains its momentum above this pivotal level.
💎 However, if REN is unable to breach the resistance, we might witness a bullish revival from a lower support level at $0.0556. This scenario would suggest a shift in strategy, potentially focusing on a recovery from this alternative support point.
💎 The situation becomes more complex if #REN falls below the $0.0556 support. A drop beneath this level could shift the market sentiment towards bearish, possibly leading to a further downward trend.
💎 Stay alert and strategically prepared, Paradisers. Your ParadiseTeam is equipped with the latest market insights, ready to guide you through these potential shifts, ensuring you make the most informed trading decisions.
REN/USDTinside of the falling wedge pattern we have formed an ascending triangle pattern the two green lines are the targets for the ascending triangle pattern and the falling wedge pattern
REN/USDT Need to bounce from here to continue upward !!💎 REN has been drawing considerable attention in the market, currently in a consolidation phase within the demand area. For REN to resume its upward momentum, a strong bounce from this zone is essential. A successful rebound, marked by bullish candle formations, could set the stage for REN to progress upwards and re-engage with the resistance.
💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area.
💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
Loaded Ren for a Long MoveLooks very interesting here.
A nice entry for spot buyer here around 0.06000-0.06500.
Solid RR from here for spot buyers.
Done with my entry.
Targeting 360% move towards 0.30000
Will it launch?
Note: Not a financial Advice.
RENUSDTHi snipers, nothing is impossible. In the one-day time frame, the price has crossed the 103-day moving average and is close to the trend line. In case of breakout and stabilization above the 103-day moving average, there is a possibility of price growth again to high resistances. All analyzes are only possibilities.
#REN/USDT - Long - Potential 44.13%Strategy: Long
Exchange: BINANCE
Account: Futures
Entry mode: Market order in range
Invest: 2.5%
Leverage: 2x ISOLATED
Exit:
Target 3 : 0.09068 88.14%
Target 2 : 0.07479 37.66%
Target 1 : 0.06667 11.86%
Entry: 0.06294 ⌁ 0.06294
Current market price: 0.06294
Stop: 0.05485 (-25.7%)
Technical indicators:
- Breakout w/ Volume
- Break of 200MA
• ⎿ 24h Volume: 53626139.49831
• ⎿ Satoshis: 0.06294
• ⎿ Analysis: TradingView
$REN Ren Falling Channel...BME:REN price action has been in a falling channel for Months...
Current Price: 0.058
A clean break out of the channel will lead to up resistances: 0.072, 0.105, 0.136, 0.170, 0.206, 0.234
Else #Ren will retest previous support around 0.041
Currently a low Risk Spot Buy!
RENUSDT"As we enter the bullish season, the initial target to aim for is
target : 0.97 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
Ren chartRen is at a critical point between support and downtrend. You have here some important elvels for both sides
REN/usdt spot signalHello traders
This is ren chart and i am more bullish on it for now
market structure is upward now and important levels shown for you
If you are intersted to invest on REN please becaution don't take it with huge money
I recommended you , up to 100$ is good assest for it
REN, bullish in all levels.. don't question it. SEED!First an introduction.
Ren is an open protocol used for transferring cryptocurrencies within blockchains. Its aim is to facilitate the movement of digital assets around a multi-chain decentralised finance ecosystem. The system integrates into existing infrastructure and claims to be 100x faster than atomic swaps, allowing users to access tokens from any blockchain using existing smart contracts without the need to wrap or unwrap tokens. REN is the protocol’s native cryptocurrency.
Now on our technicals.
Ren recently surged to a parabolic peak at 0.090. As per the usual parabolic case of crypto pumps, profit takers took it back to 0.06 levels touching 78.6 fib level. It is now currently bouncing off this major order block levels with precision. Bullish rating remains firm on this coin.
Expect some major series of ascend from the current price range.
4H metrics is registering consistent higher lows for REN conveying strength and momentum.
We're on a bargain range again which won't last for long.
Spotted at 0.0620
TAYOR.
RENUSDT ready to pump on weekly time renusdt reday to pump , a very good long position in weekly time frame , looking for pump soon
REN IS BULLISHREN is inside a large diametric pattern. Looks like wave E is over. Now ready to move up for the F wave. It can go up while maintaining the green area.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$REN near to Breakout Trading a descending broadening wedge pattern involves a systematic approach to identify potential entry and exit points. Here's a step-by-step guide on how to trade a descending broadening wedge:
**1. Identify the Descending Broadening Wedge:**
- First, you need to recognize the pattern on a price chart. Look for two converging trendlines with the upper trendline sloping down more gradually than the lower trendline. This pattern typically forms during a downtrend.
**2. Confirm the Pattern:**
- Confirm the descending broadening wedge by ensuring that the price touches both the upper and lower trendlines at least twice.
**3. Entry Point:**
- Trading the descending broadening wedge involves waiting for a breakout. You can choose to enter a trade when the price breaks above the upper trendline (bullish breakout) or below the lower trendline (bearish breakout).
- It's essential to wait for confirmation through a strong candle close outside the trendlines and, preferably, with increased trading volume.
**4. Set Stop-Loss and Take-Profit Levels:**
- Implement risk management by setting stop-loss and take-profit levels. A common approach is to place your stop-loss just below the lower trendline (for a bullish trade) or above the upper trendline (for a bearish trade).
- Take-profit levels can be determined by measuring the widest part of the wedge and projecting it in the direction of the breakout. This gives you a target price.
**5. Risk-Reward Ratio:**
- Ensure that your potential reward (profit) justifies the risk (loss) you're taking. A common rule of thumb is to aim for a risk-reward ratio of at least 1:2, meaning your potential profit should be at least twice the size of your potential loss.
**6. Monitor the Trade:**
- Once you enter the trade, monitor it closely. Pay attention to how the price behaves around your stop-loss and take-profit levels.
- Consider moving your stop-loss to break-even or trailing it as the price moves in your favor to protect your gains.
**7. Trade Management:**
- If the trade goes against you and the price reverses inside the wedge, consider exiting the trade to limit losses.
- If the price breaks out in your favor, let the trade run until it reaches your predetermined take-profit level or until you see signs of a trend reversal.
**8. Trade Psychology:**
- Stick to your trading plan and avoid emotional decisions. Market conditions can change rapidly, so it's essential to have a clear plan and discipline.
**9. Confirm the Trend Reversal:**
- Keep an eye on other technical and fundamental indicators to confirm the potential trend reversal suggested by the descending broadening wedge. Additional confirmation can improve the reliability of your trade.
Remember that trading involves risk, and not all pattern breakouts result in profitable trades. It's crucial to practice risk management and only trade patterns like the descending broadening wedge when you have a clear plan and confidence in your analysis. Additionally, consider using other technical and fundamental analysis tools in conjunction with pattern recognition to make informed trading decisions.
REN IS GOING TO EXPLODE AS IT LOOKSThanks for reading this update.
REN Showing high volume whale trend, and can explode with new candles in the coming time.
Unexpected volume did start, we did add before about it.
REN NEW INCREASE VOLUMERen seems to be ready for a new increase in volume in the coming hours.
It will stay trading, there is no guarantee that this volume will come, but the possibility is high.
ren looks ready for massive rally seems like has already bottomed out and long downtrend ended
falling wedge breakout has already confirmed while rsi printed massive bullish divergence expecting massive recovery in coming days
expecting 3 to 4x bullish wave
reniA rather short picture emerges in this asset, let’s look at it. First, let's look at the local downward trend (it also acts as resistance), which formed after the upward trend was broken down. We tested it a couple of times, but we never saw any penetration.
REN/USDT In the crucial Zone. Potential Upward Momentum ???💎 REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching higher supply zones.
💎 However, if REN falters in its breakout attempt or faces a rejection, it might need to retreat, possibly revisiting the demand zone ranging from $0.0425 to $0.042 to gather fresh momentum.
💎 The situation could turn grim if, during its reassessment in the demand zone, REN encounters an inability to hold off the sellers. A definitive breach of this demand threshold could spell trouble, potentially triggering a sustained downward trajectory for REN, directing it towards a crucial support area.
