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RENUSDT Perpetual Contract

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RENUSDT.P trade ideas

REN - Potential Breakout Forming? Wait for Confirmation!!REN looks like it's ready to make some moves on the daily chart. We see a clear parallel wedge, a bat style fractal that has similar proportions to a textbook bullish bat, RSI is in a very good position for growth, MACD is showing a huge bull divergence which could be the start of a new potential uptrend, and volume is good on the breakout so far (though still need more time on weekly for confirmation there!) This should be a clear breakout or fakeout play, it's literally at the upper limits now so if we see a punch through look to snap some up on the retrace afterwards as we're likely to see more upside. This isn't financial advice. Want some financial advice? Don't get baseboard heating, it will kill your hydro bill.
RLong
by cryptosince1963
LONG REN with profit targets and stopsLONG REN - Bouncing off 200 day SMA initial stop is at 0.238 target 1 is POC 0.324 sell 1/2 move stop to BE target 2 is VAH 0.400 or trail with 4 hr ATR ============================================ Ren built and released the first decentralized dark pool (RenEx) in 2018 and is now generalizing this technology to create an ecosystem for building, deploying, and running general-purpose, privacy-preserving, applications using zkSNARK on a newly developed secure multiparty computation protocol (sMPC). Ren's core product is now RenVM, which brings interoperability to decentralized finance (DeFi). RenVM is intended to be a decentralized and trustless custodian that holds your digital assets as they move between blockchains using zero-knowledge proofs over an sMPC based protocol. The state, inputs, and outputs of all programs that RenVM runs are kept hidden from everyone, including the Darknodes that power it. This allows RenVM to securely manage ECDSA private keys on different blockchains, making it possible to shift digital assets between blockchains in a trustless, permissionless, and decentralized way. Nodes that power RenVM, are referred to as Darknodes. These can be operated by any member of the public that posts a bond of 100,000 Ren tokens (REN). Projects that utilize RenVM pay a small fee to Darknodes for providing interoperability. Given the one billion maximum REN token supply (ERC-20), there is a maximum of 10,000 possible Darknodes. Ren is currently in phase sub-zero where there is only one group of nodes responsible for consensus and execution and it is run by the Ren team.
RLong
by HodlTradeCrypto
3
RENUSDT (Waiting for the support line Breakout in day chart) RENUSDT (1 DAY CHART) Technical Analysis Update Waiting for the support line Breakout in a day chart REN/USDT currently trading at $0.29600 SHORT Entry level: Enter short if the 1-day candle closed below the support line. STOP LOSS: 0.3500 Support level 1 (Target 1) : $0.23500 Support level 2 (Target 2) : $0.16500 Max Leverage: 2X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and comment on your thoughts.
RShort
by GreenCryptoTrades
1