Looking towards defi projects I stumbled upon Tierion and Ren. Tierion is still pumping and in sat value is to risky for me to get in since its over 300% this year alone. Now Ren is up 100% already this year, yet with the high VPVR around this 510 sat value and only having a 30mil mc, seems like a great deal after seeing a pullback from 1394 sats would just be over a 2x closer to 3x return if it revisit its high.
Zones to watchout for for short term would be around 447 sats, since that was its lowest with high end of the vpvr, 704 sats or 754 sats depending on what you feel like.
Going with 704 will suggest short term means it would have double top short term and could see that range of 447 sats, or if you thinking 754 being a better play than you would argue an inverse head and shoulder from its top than dumping to create the head and shoulders and now looking for the upside.
Pros and Cons is that its similar to zrx in nature, so following zrx with Ren won't be a bad move along with OTC trading is picking up and with RenVM could see mjor upside. Con would be the twitter spotlight is filled with spam under the $ren tag and not much people talking about it, so 50/50 if you use social media indicators.
So my stance is Long on Ren, since I'm a believer in Zrx and Ren is doing similar things for defi, yet short term wouldn't be surprise if we see that range in the 447.
Zones to watchout for for short term would be around 447 sats, since that was its lowest with high end of the vpvr, 704 sats or 754 sats depending on what you feel like.
Going with 704 will suggest short term means it would have double top short term and could see that range of 447 sats, or if you thinking 754 being a better play than you would argue an inverse head and shoulder from its top than dumping to create the head and shoulders and now looking for the upside.
Pros and Cons is that its similar to zrx in nature, so following zrx with Ren won't be a bad move along with OTC trading is picking up and with RenVM could see mjor upside. Con would be the twitter spotlight is filled with spam under the $ren tag and not much people talking about it, so 50/50 if you use social media indicators.
So my stance is Long on Ren, since I'm a believer in Zrx and Ren is doing similar things for defi, yet short term wouldn't be surprise if we see that range in the 447.