Render Token Long Term StrategyHi folks,
Let's look at what Render Token is
🏳️Render Token is a project token focused on blockchain technology and cryptocurrencies. Render Token (RNDR) is an ERC-20 token developed and distributed by a company called OTOY.
🏳️Render Token serves as a payment unit for the distribution of 3D graphics, virtual reality experiences, and cloud-based computing power. RNDR enables users to share their computing power while allowing token holders to receive payment in return for this computing power. Thus, those sharing their computing power earn more Render Tokens, while token holders make payments to utilize this computing power for rendering 3D graphics or other computationally intensive tasks.
🏳️Render Token holds significant value for professionals and companies in 3D graphics and virtual reality fields. By using this token, individuals and organizations in need of computing power can access more resources and render complex graphics faster. At the same time, token holders can earn passive income by providing their computing power.
🏳️Being an Ethereum-based token, Render Token operates on the Ethereum network. This ensures fast and low-cost transactions for the token. Render Token is also listed on exchanges, allowing token holders to exchange it with other cryptocurrencies.
Bonus Chart 1: Wide Angle
Technical Data
🎯Orange --> EMA50 --> 1,86 (support)
🎯Blue --> EMA200 --> 1,38 (emergency call)
🎯Accumulation Zone (FRVP) --> 0,37 - 0,67
🎯Fib 0,236 --> 2,01 --> Support no:1
🎯Fib 0,328 --> 3,05 --> Next target
🎯There is negative divergence on the table (if it's approved), we can see testing EMA50, even EMA200. If you're a short-term player, keep that in your mind.
🎯In the worst-case scenario we can see 1,46 (perfect time to buy for the long term).
Bonus Information
🏳️RNDR is now only listed by Binance, Kucoin, and Coinbase (we can expect further listing).
🏳️Max supply --> 536,870,912.
🏳️Circulationg Supply --> 363,911,539 (%68).
Bonus Chart 2: Google Trends AI, Bitcoin, and Metaverse
🏳️Blue one is AI. When we checked Google trends for the last 5 years, AI is surpassing both BTC and Metaverse. Let's imagine! What will happen AI projects in the next bull run?
Thanks for reading all mates, do not forget to hit the like button.
Rndr
Rnder 0n a rampage to explore the down side, after the break out of my trendline and made a retest to the downside
RNDRUSDT on support, likely to head to 2.36The price is at hourly support and expect it to bounce here and target for the next resistance level around 2.36.
RNDR Coin Price Prediction✅ RNDR COIN PRICE ✅
🔥 Price is at the Resistance Level at around $2.50 🔥
If Breaks up ..
🚀You can target around $3 that's around 20% gains🚀
If Breaks down..
We can expect the price around the $1.60 range.
👉 Follow me for more opportunities.
RNDRUSDT(Render Token) Daily tf Range Updated till 18-05-23RNDRUSDT(Render Token) Daily timeframe range. it got some good retail interest now. it already closed above #1.989 and got a clear space till #3.290 but thats possible if the retail interest keeps up. if not than back to #0.951.
RNDRUSDT right on track towards daily resistanceThis level seems to be resisting the price to go up. The price has reverted back on several occasions. But this time could be different and the price may finally be able to move higher. The swing idea of the price reaching to the daily resistance around 2.08-2.12 is still in play. However, I would also consider taking some profit at 2.025 level as marked on the chart.
[Update RNDR] I'm short.Range levels, monthly levels, etc. Don't gonna explain too much. Colors are fine, it is what it is.
RNDRUSDT well on its way to first 1.857 and then prob 2.08So the area 1.748 was a good level to book profit and load a bit lower. I think this one is still good for moving up and should not lose the last low. As mentioned again, the next level to watch and book profit for is 1.857.
RNDRUSDT long from 1.628 up to 1.699As mentioned in the update of the previous post, level around 1.628 was for long. So the trade idea here with the chart. I believe its going higher but first resistance it will face around 1.699. Lets target that first.
RNDRUSDT moving up nicely and targeting daily resistanceIf long from the bottom of the support zone as suggested in the last post and several updates, reducing some size at 1.857 will not be a bad idea. I believe there will be an opportunity to add the size a bit lower from there. Anyways the swing trade to daily resistance remains valid. However, such reducing and increasing the size allows to benefit from the lower time frame movements.
RNDRUSDT may have a good bounce from weekly supportThis one seems to be heading for weekly support around 1.70-1.78. That is a zone good for long opportunity. That zone is still 6-10% away from the current price. But if it reaches there, a long would be favorable for a swing trade towards the daily resistance around 2.08-2.12.
RNDRUSDT long ideaThis can be a good scenario for a long position. We have both static support and dynamic support at this point. There is also a possibility of a head and shoulder pattern forming. The numbers in the chart do not mean my entry or exit point and I will enter the position after confirmation
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
RNDRUSDT on 4h support and likely to head to 2.16The price has hit the previous low which is also 4h support zone. I expect the price to bounce here as the long side trade is favorable. The target for this trade shall be at least 2.16 and probably 2.18.
MUX targets raised for possible dip buys adding to long.Mux continues channel bound, some downside expected. This is a jewel in the crown, with EV contracts settled, and full governmental licenses already issued.
This is a no brainer.
They have literally sold every single bit of copper they find ( and eveyrthing else lol ) already, and they haven't even dug yet.
You ned to seriously Get Some at decent prices
with these percentages take profits as you go. add in dips. levae a 20% runner on every trade at break even, take 80% profit regularly.
Build into positions, dont go all ggung ho.
Good Luck Out THere
Rising Wedge Reversal Possible, zoom in on chartPurple Lines on Chart are the possible rising wedge that has formed on the 15min, 18min, 21min, 25min charts respectfully.
I use this chart on 5m, 8min, 10min, 12min,16min, 25min, 30min, 45min, if I were to trade during those times.
I really like the 1 hour time frame on this particular coin.
I am showing 4 major support areas, I included this time the Fib replacement tool.
I used 0, 28, 50, 61, 78, 100, 128 on that fib retracement tool.
I included a major support at levels 2.02
1st support of around 2.24
2nd support of around 2.30
3rd suport at around 2.33
I also included the major resistance at the area of the atl of past week of around 2.36
I included the 128 fib due to not alot of people actually using this tool at this level, I would definatly sell at that point if I was on a long, but a grea area to short, be careful of the swings
1st support 2nd support be mindful of the STOCH RSI as it will trick you, the chart shows just a perspective. I would add volumn to the chart as well, I use 3 different screens for any coin I look at. This one does not have it.
Enjoy I included a update as requested from a comment.
ChrisGtr Out
thanks enjoy your Wednesday
RNDR (Y23.P2.Video1). Bearish short term and here is whyHi traders,
My thoughts on RNDR and why this is a local top. However I do give conditions for potential more highs to occur and also why to be bearish in the short term.
Please give me a like and share,
Regards,
S.SAri
RNDRUSDT at support, likely to reach 2.34Longed RNDRUSDT from the support zone. Expect it to reach 2.34 level.
rndrWe are in this box. It can break from any side, it can lead to a possible path. Downward and support lines, or the upward path that I am thinking of.
RNDRUSDT a long favorable from 2.36There was short trade opportunity from the target of the previous long trade. I had an order open overnight and closed that short now. I believe now there is a long opportunity with some profit if price moves to 2.36 level. The target shall be 2.423.
RNDRUSDT likely to head towards 2.488Bought some RNDR again at 2.386 for a target up to 2.488.It seems the price wants to move up to the next resistance zone after a bit of pullback from the current resistance zone.
RNDRUSDT likely to head to 2.436The price is at hourly support zone. A long is favorable here for a target to 2.436. However, there is chance that it breaks this support before bouncing enough from this support and reaching the trade target. In that case a long from 4h support zone 2.24-2.27 will be favorable.
Render token RNDR price is preparing to shoot up 🚀Looking at the price chart of RNDRUSDT, we can say with certainty that the increased interest of buyers in is
If you know why this project is interesting, please share your thoughts in the comments.
The price of RNDR has approached a strong liquidity zone, and it looks like buyers will try for the fourth time to break higher. That is, there is probably at least 60% upside ahead.
In our opinion, it is safe to enter long position:
- above $2.20 on the blue route
- if force majeure occurs and the price drops sharply (which now looks rather unlikely), then long from $1.50
The main thing is not to rush and wait for confirmation of a safe entry.
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