Is RNDR Good Case For Hold?!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.
Rndr
Breaking Alert: Is RNDRUSDT About to Skyrocket or Plunge?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 rejected by the upper trend line of the falling wedge, we might see a retest of the bullish order block (OB) at $5.81. This area has provided strong support for RNDR multiple times, as it is packed with liquidity.
💎Should CRYPTOCAP:RNDR fail to rebound from $5.81, the next level to watch is the lower support at $5.42. The probability of a rebound from this level is significantly higher.
💎If #RNDR continues to fall, the bears will take control, potentially leading to a bearish continuation.
Stay focused, patient, and disciplined, Paradisers. Trade smart and avoid the herd mentality.
MyCryptoParadise
iFeel the success🌴
RNDR Long Opportunity📉 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 for the price to tap into the **Sellside Liquidity** zone.
2. Look for bullish reversal signals within this zone.
🛠 Technical Indicators:
- **FVG (W)**: Fair Value Gap on the weekly chart could act as support.
📅 Timeline:
This setup is expected to play out over the next few weeks. Patience is key! ⏳
🔔 Action Plan:
- 📉 If the price dips into the liquidity zone, be prepared for a potential entry.
- 📈 Watch for confirmation of a reversal before entering a long position.
Good luck! 🚀
RNDR: Key Buy-Back Zones to WATCHRender 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, in anticipation for the next rally! I've market two zones for each timeframe that I will be watching as potential zones for spot buys.
Don't miss yesterday's analysis on ETH:
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BINANCE:RNDRUSDT
Render Crypto: A Bullish Breakout May Be in the CardsBINANCE:RNDRUSDT has exhibited mixed movements recently. Observing the exponential moving averages (EMAs), it can be noted that the 9 EMA and the 20 EMA have been closely aligned, indicating a short-term consolidation phase.
The Moving Average Convergence Divergence (MACD) indicator reflects a subtle bearish trend. The MACD line is below the signal line, with histogram values suggesting a weakening bearish momentum. This could imply a potential for sideways movement or a slight downtrend if the bearish momentum gains strength. Relative Strength Index (RSI) values, hovering around the mid-40s, indicate a neutral stance, neither overbought nor oversold.
Given the current technical setup, key resistance levels are identified at $6.649, $6.751, and $6.99. If the Render crypto price breaks above these levels with strong volume, it could signal the start of a bullish trend. Conversely, support levels are noted at $6.244 and $5.853. A breach below these support levels could indicate further downside potential, with the pair potentially targeting lower support zones.
For traders looking to enter long positions, an ideal entry point would be above the $6.649 resistance level, with a close monitoring of the MACD for signs of bullish crossover and RSI moving above 50. An exit strategy for long trades could be set near the $6.751 resistance level, or higher if the bullish momentum sustains.
For those considering short positions, entering below the $6.244 support level might be prudent, especially if the MACD continues to reflect a bearish trend and RSI remains below 50. Setting an exit point around the $5.853 support level would be advisable, keeping an eye on potential reversal signs.
In conclusion, the RNDR is currently in a consolidation phase with a slight bearish bias. Traders should watch for breakouts from key levels to determine the next significant movement. The interplay of the EMAs, MACD, and RSI will be crucial in identifying potential trade setups.
RNDR Long Spot PositionMarket Context:
RNDR is trading at a support level, providing an opportunity to enter into a long spot position.
Trade Setup:
Entry: Ladder into a long spot trade in the $6.50 - $6.70 area of support.
Take Profit:
First target: $7.80 - $8.50
Second target: $9.35 - $9.90
Stop Loss: Place the stop loss just below $6.00.
📊 Monitor the market closely and adjust your strategy as needed! #RNDR #CryptoTrading #SupportZone 🎯
MAJOR Correction Coming for $RNDRCRYPTOCAP:RNDR is a classic tale of the harder they come, the harder they fall.
Perfect entry to SHORT being rejected on its lower trendline.
Critical support about to be tested at the .236 fib
my guess is that doesnt hold and dumps ~40% since it cant even break an EMA
I'll LONG at $3.5
RNDR GOOD SETUPRender is showing us a nice entry with a good bullish setup. We can clearly see a clean break above the main bearish trendline and price is retesting it. I expect a bit of range more to accumulate longs, and the price could start to climb next week, targeting $10.00. Invalidation below $6.5
RNDR Price Update in 3-day Timeframe.Render (RNDR) is currently holding support at the 100EMA ($6.77), and a rebound from the current position will likely push the price back to the primary resistance at $9.219.
RNDR has yet to hit the long-term supporting trendline, and once it does, a strong rebound can be expected.
Important Points:
- Current Support: $6.77
- Lower Support: $5.2
- Resistance: $9.219
- RSI: Below 50 and close to the oversold zone
I hope this update was helpful. Do not consider this financial advice.
Regards,
Team Dexter
#RNDR #Altcoins
Alikze »» ONDO | ready to pullback to the broken major ceilingAccording to the previously presented analysis, which was a trading range between the two supply and demand ranges, after another attempt and support in the neck line range, it has succeeded in breaking the supply range.
💎 Currently, due to the exit from the ascending channel and the support in the green box range, it has now re-entered the ascending channel.
Currently, it can grow with a pullback to the broken structure to the middle of the channel of the $1.6 range.
💎 Therefore, with pullback to the previous major ceiling, it will enter another rally, which will have the ability to grow to the middle of the channel and then the ceiling of the channel, which I will update later.
💎 Alternative scenario: In addition, if the pullback is broken into the structure and the previous major cap is an internal pullback, it can have a correction up to the OB area of 0.89
cents.
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Render Analysis: Going hard without limits!Render is one of the strongest projects that has recently performed very well. I expect the price to bounce at the support level of $5.50 to aim for higher targets at $32, $57, and $123
RNDR: break pattern📊Analysis by AhmadArz:
🔍Entry: 9.780
🛑Stop Loss: 9.200
🎯Take Profit: 10.270 - 10.787 - 11.304 - 11.811
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
RNDR || Take Profit 50% As simply shown,
RNDR targeting 50% within a few days as the coin has formed very strong signals to turn on the rocket to the sky!
Render Token potentional recovery?! "RNDRUSD-Long" This analysis focuses on the daily chart for Render Token (RNDR) highlighting key support and resistance levels.
Key Points:
Support and Resistance Levels:
Support: $6.78 - This level has shown strong buying interest in the past.
Resistance: $8.50 - A crucial level for a potential bullish breakout.
Trendline and Entry Point:
A downward trendline is acting as resistance. Breaking above this trendline and $8.50 could signal a bullish reversal.
Price Targets:
TP1 (First Target): $11.30
TP2 (Second Target): $13.65
RSI (Relative Strength Index):
Currently near 40, indicating the token is approaching oversold territory. Multiple bearish divergences suggest weakening momentum, but a move higher from here could signal a reversal.
MACD (Moving Average Convergence Divergence):
The MACD line is below the signal line, showing a bearish trend. A potential bullish crossover could occur if the price continues to rise.
Scenarios to Watch:
Bullish Scenario:
A breakout above $8.50, with confirming signals from RSI and MACD, could push the price towards $11.30 and possibly $13.65.
Bearish Scenario:
If the price fails to break above $8.50 and the trendline, it may retest the support at $6.78. A drop below this support could lead to further declines.
COINBASE:RNDRUSD COINBASE:RNDRUSD
Market Analysis: RNDr Coin Deep Dive🔍 let's delve into the RNDR project. RNDR, short for Render Token, is a project aimed at decentralizing GPU-based rendering solutions. It leverages the power of blockchain technology to connect users who need rendering work done with GPU owners who have spare processing power. This innovative approach aims to create a more efficient and scalable rendering ecosystem.
📉 As seen on the chart, RNDR has experienced a sharp decline and is approaching the support level at 6.999. This support is crucial as it is marked by a primary support line in blue, which holds significant importance for the price action.
⚠️ The RSI is currently at 29.06, which is in the oversold territory. This suggests potential for a short-term bounce, but the overall bearish trend remains strong. The sell volume has been increasing, indicating that the bearish momentum is still intact.
🔻 For a short position, consider entering if the price breaks below the key support level at 6.999. This would confirm the continuation of the bearish trend. The increasing sell volume supports the potential for further declines. It's recommended to set a stop-loss order above the recent high around 7.141 to manage risk.
📉 The target for the short position would be the next support level at 6.237. Monitoring the volume is crucial; if sell volume continues to rise, it strengthens the bearish outlook.
📈 A long position might be considered if the price shows signs of a reversal from the oversold RSI condition. If RNDR bounces off the support at 6.999 and breaks above the descending trendline, confirmed by a break above the trigger level at around 7.300, it could indicate the start of a bullish reversal.
🛠️ Wait for the price to break above 7.300 with increased buy volume before entering a long position. The next target for a long position would be the resistance level at 8.397. It's important to set a stop-loss order below the recent low around 6.870 to manage risk.
📝 In conclusion, RNDR is exhibiting strong bearish signals. For short positions, wait for a break below 6.999 with high sell volume. For long positions, look for a bounce off this support and a break above the trendline trigger at 7.300 with increased buy volume. Always monitor RSI and volume indicators closely to confirm momentum shifts. Manage risk appropriately, especially in such volatile market conditions.
RNDR HTFCRYPTOCAP:RNDR
That's clearly the first lower high on the macro chart, indicating a high time frame correction. I'm eyeing a range of $4.5-5, not $3.
RNDR ANALYSIS (12H)RNDR appears to be inside a large diametric.
We now seem to be in the middle of the F wave.
We have a good support area to complete the F wave.
If the price reaches the green range, we will look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RNDR - A long term trade opportunityBINANCE:RNDRUSDT (1D CHART) Technical Analysis Update
RNDR is currently trading at $9.39 and showing overall bullish sentiment. Price has broken out from resistance multiple times and now it has hit the support again and bounced back from the support line. This is showing overall bullish momentum and we have a good long term trade opportunity here.
Entry level: $ 9.43
Stop Loss Level: $ 6.55
TakeProfit 1: $ 10.7598
TakeProfit 2: $ 12.3494
TakeProfit 3: $ 15.6090
TakeProfit 4: $ 19.4590
TakeProfit 5: $ 27.9267
TakeProfit 6: $ 35.9265
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
RNDR Long Trade SetupCurrent Situation:
Price Level: RNDR has been trading in a tight range with low volatility, indicated by the narrow Bollinger Band width.
Technical Support: The Simple Moving Average (SMA) is acting as support for the price.
Bullish Bias: The price structure remains positive, suggesting potential for an upward move.
Upcoming Event: Apple’s WWDC on June 10th could be a catalyst for increased volatility, especially if there are mentions of AI, Octane, or Render, which are known to influence RNDR.
Trade Strategy:
Entry Point: Enter a long position around $9.75.
Take Profit Targets:
First Target: $11.60
Second Target: $13.80
Stop Loss: Set a stop loss at $9.00 to manage risk.
Summary:
RNDR is currently in a period of low volatility but is positioned for potential bullish movement, especially with the upcoming Apple WWDC event, which could act as a catalyst. The trade strategy involves entering at $9.75, with profit targets at $11.60 and $13.80. The stop loss is set at $9.00 to limit potential losses.
📈Sunday Market Insights: Navigating the RNDR Coin Waves🌊🔍Let's dive into today's analysis. It's Sunday, and since it's a holiday, the market volume is lower than usual, making market movements less reliable.
📆Coin of the Day: Render Token (RNDR)
Today, we're analyzing Render Token (RNDR). I've previously analyzed this coin on the daily timeframe, and I hope you took advantage of the entry points I provided. The project's idea is to provide rendering services for applications that require high GPU power, catering to those who lack the necessary hardware by charging a fee.
🪄Monetizing the Project
An attractive aspect of this project is that you can earn by renting out your GPU. However, be cautious not to use your primary GPU for this purpose as it can damage your system. If you're interested in participating, I recommend buying a separate GPU dedicated to this task and assembling it on another system.
🔄Market Condition Analysis
Now, let's examine the 4-hour chart. RNDR has created an ascending box and corrected to the 0.382 Fibonacci retracement level. The range of this box is from 11.603 to 9.947. A breakout above this box could signal a continuation of the upward trend, while a breakdown below could push the price down to the 0.5 Fibonacci level, which overlaps with the 9.383 area.
📊Volume Analysis
The market volume is gradually decreasing, indicating that traders and whales are hesitant to trade under the current market conditions. As the volume decreases, we get closer to the next market wave. On average, the selling volume is higher than the buying volume, showing a volume divergence. Although the main market trend is bullish, the higher selling volume suggests caution.
📈Long Position Strategy
For a long position, the primary trigger is 11.603. After breaking this level, the price could target 13.32. Additionally, the 10.315 level could serve as a secondary trigger for a long position, with an optimistic target of 11.603. I recommend taking profits at a risk-reward ratio of 2 or 3, as the market lacks momentum while it remains between 11.603 and 9.947, which doesn't support higher risk-reward ratios.
📉Short Position Strategy
For a short position, the only viable trigger based on my strategy is 9.947. Breaking this level could lead to a new phase of correction.
🚨Important Note
This analysis is intended for futures trading. If you've made a spot purchase based on my previous analysis, stick to your stop-loss and don't sell based on the short triggers provided here. These entry points are for the futures market and short-term trades.
📝In summary, while RNDR presents potential opportunities, it's essential to remain cautious and adapt your strategies based on the market conditions and volume trends. If you enjoyed this analysis and want to support me, please boost this post. Feel free to leave a comment or suggest a specific coin for future analysis.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
RNDR: Pullback in UptrendTrade setup : Price is in an Uptrend. It broke out of a Channel Down pattern and reached $12.00 for +50% gain. Now we look for an entry in Uptrend. Pullback to $10 support could be a swing trade entry with +20% upside potential to $12.00 again. Stop Loss (SL) level at $9.20.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $10.00, then $8.00. Nearest Resistance Zone is $12.00, then $13.80.
#RNDR Up 15% what's next?#RNDR: Played out perfectly! Up 15% from the average entry.
Target 1: ✅
Approaching the second and third targets.
Hope you didn’t miss this one!
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#PEACE
NVIDIA Earnings May 21 - What Crypto AI Narratives Will Heat Up?Back in Feb 22, 2024 NVIDIA AI chipmaker reported Q4 2023 earnings per share of $5.16 with a posted revenue of $22.1 billion higher than expected. Following crypto AI narratives rally up back in a day: WLD jumped 33%, AGIX gained 37%, FET rose upto 15% and RNDR rose upto 20%.
Now the biggest question is: "Will AI token will lead the crypto market as NVIDIA is going to report earnings of Q1, 2024?"
YES , there is HIGH probability of greater reporting earnings by NVIDIA for Q1, 2024. The fact that Taiwan Semiconductor (TSMC) AI chipmaker Q1 earnings came in higher ($7.3 billion) suggests Nvidia’s could reveal the same.
For potential trades, I selected the previous pumped instruments with entry, sl and tp as shown below:
RNDR
FET
AGIX
WLD
