Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position. Trade Setup: Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone. Take Profit: First target: $5.90 - $7.05 Second target: $9.80 - $11.00 Stop Loss: Just below $3.90 📊 This setup takes advantage of the support...
#Render 1D chart; Continues the downtrend that started in March with lower highs It was last downtrending at $6.3 (CHoCH) A close above the $7.2 level is required before we can talk about a rebound Otherwise, the levels where it can go by making lower highs; First OB support at $3.7 If it loses here, the IMB level will be $2.8. Of course, although its first...
Overview: Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They...
Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three...
Render has suffered a lot lately but it on the verge of breakout. We grabbed liquidity 2 weeks ago and since then we have be trading within a bullish inside bar. Once we close above this inside bar it is bullish for Render with the next resistance 40% up.
RENDER is one of my top altcoin pics for 2024.🏆 It increased a generous 305% since the beginning of the year, and a new bullish cycle is likely next s soon as we hit the ideal re-accumulation zones where whales prefer to buy back. A -77% retracement hit the next major demand zone, where I expect to see a decent bounce. Between this zone and the lower zone ,...
Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market...
RNDR is moving inside the descending channel and bounced from the support zone (Blue) at $2.866 - $3.272. Currently the price finds the support at $4.245 level and resistance at the middle line of descending channel. If the price breaks above the descending channel and the resistance zone (Green) at $5.747 - $6.038 with high volume. If the price fails to holed...
🔍 Technical analysis: Ascending channel & Bullish Flag -The 4H frame time is moving in an uptrend channel. - Currently, given that the channel ceiling is facing sales pressure. - In a density in the middle of the channel, a upward flag is formed. - In the event of a green box area, it can touch the specified targets. 🛑 Resistors: 0.134 - 0.146 -...
Yello, Paradisers! Is #RNDRUSDT gearing up for a significant breakout? Let's dive into the analysis and find out! 💎#RNDR is potentially forming a triple-bottom pattern, indicating a crucial turning point. Over the next few hours, all eyes will be on RNDR as it approaches the formidable resistance zone of $6.90 to $7.20. This range is critical for bulls to conquer...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉After breaking below the last major low marked in red, RNDR has been overall bearish. However, RNDR is currently rejecting a strong support zone marked in green. 📈 For the bulls to take over, and shift the momentum again, a break above the last major high marked in blue is...
Hello everyone, Here are my targets for RENDER during the bull market, as shown on the chart: I'm setting the ATH (All-Time High) of this coin at $47 this season. However, as I've mentioned before, you cannot predict what will happen in a bull market. So, I always have a plan B with a more ambitious target of $320. Although supports and resistances are...
RNDR looks promising, like many other coins. My plan is to dollar-cost average (DCA) on dips, and I already hold it with an average entry of $5.85. Once it flips the $8 area, it could go parabolic with a target of nearly $30+. Is it likely to happen? No one knows, but fundamentally, RNDR is one of the strongest coins, potentially offering good returns during the...
As we see It could clearly sweep the last major low which is noticeable on daily timeframe. Based on my strategy and the market situation, RNDR has taken all the licence! Entry on 6.28 to 6.17 / short-term and mid-term targets are mentioned on the chart above.
Yello Paradisers! Is #RNDRUSDT on the verge of a major breakout or a sharp decline? Let's dive in to find out why this could be a game-changer for your trading strategy. 💎#Render is currently compressed between the falling wedge's trend lines. We are expecting a bullish breakout soon due to increasing volume and improving macro market sentiment. 💎If #RNDR is...
📉 RNDR/USDT Weekly Chart Analysis 📈 🌟 Trade Idea: We're observing the RNDR/USDT perpetual contract on Binance. The price is currently showing signs of a potential reversal. We're targeting the **Sellside Liquidity** area for this setup. 💡 Key Levels: - Current Price: **$6.10** - **Sellside Liquidity** Zone: Around **$4.00-$5.00** 🔍 Trade Setup: 1. Wait...
Render has completed its bullish cycle and is now moving steeply into bearish phase. Now this does not mean I am not enthusiastic about RNDR - In fact, it was on my list of top AI coins to watch for 2024: I also called for higher prices early on. And now, it's time for a pullback. This is NOT a bad thing - it gives you a chance to buy back in at lower prices,...
I would like to share a long-term accumulation strategy for RNDRUSDT that I've been eyeing. Chart Patterns and Indicators: Descending Channel: The price is currently moving within a descending channel, indicating potential breakout opportunities. Harmonic Pattern (XABCD): The pattern suggests potential reversal points at identified accumulation zones. Volume...