RNDR/USDT Trading Scenario
The RNDR asset price demonstrated the formation of an inclined support level, which was successfully tested three times, followed by a confident rebound.
In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088.
Currently, the price has bounced off the sloping resistance level for the third time, which could lead to a continuation of the uptrend.
If the breakdown and consolidation above this level occurs, growth to the local maximum at $13.839 is possible.
In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088.
Currently, the price has bounced off the sloping resistance level for the third time, which could lead to a continuation of the uptrend.
If the breakdown and consolidation above this level occurs, growth to the local maximum at $13.839 is possible.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.