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Tuesday, August 18, 2020

Ren Protocol (REN) Goes Parabolic... Next Target

Ren Protocol (REN) Goes Parabolic... Next Target


Ren Protocol ( RENBTC ) is no longer a "hidden gem" but quite known right now... It's gone parabolic.

Its price has grown by 1159% since the early Septemeber 2019 low.

Prices are likely to peak soon.

Here I am sharing the next potential targets based on Fib. proportions.

This is not financial advice.
You need to build your own plan/strategy before you trade.

We normally don't buy or considering buying with such a chart, we trade based on TA.

When prices are already moving and also high, the risk becomes higher.

For low risk and high potential reward, we look for altcoin pairs/charts that are bottomed out and trading near lows/support... This is what gets us the best results.

The only real problem you can have while trading crypto at this stage in the market, a bullish altcoins market, is underestimating how far up these altcoins can go.

The potential is huge... We can only guess based on the different tools we have, but they tend to go higher and for longer than we thought...

This is a good problem to have...
The more the market grows, the better it gets for all those involved.


from Trading Ideas
via gqrds

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