RNDR Update in Daily Timeframe#RNDRUSDT Update:
Timeframe: Daily.
RNDR is holding strong support at $6.8, and it is likely possible to see a bounce back soon. We can expect a 35% to 45% rally on RNDR, only if it holds the price above the local support level.
Crucial areas to look at:
~ Bounce back from the $6.8 support level.
~ Bounce back target between 35% to 45%.
~ Invalidation point: A close below the $6.8 support.
DYOR, NFA.
#RNDRUSDT #crypto
RNDRUSDT
TOTAL 3 BULLRUN ??Hello everyone.
We can see a similar structure to that of December - February (yellow triangles). It is possible that the bearish sentiment has ended. BOTTOM IS IN !!!!
The last phase of the cycle, THE BULL RUN, is about to START.
(NOT FINANCIAL ADVICE)
Render — Bollinger Bands Indicate ReversalRender Token has flashed a bullish Bollinger Bands signal on the 4H chart.
The signal is triggered when the price touches (or falls below) the lower Bollinger Band. Very often, this indicates a price reversal.
Based on the backtest, the signal has a success rate of 94% to achieve 2% gains and 67% to achieve 5% gains.
Therefore, since the signal is calculated at a profit potential of 8%, it might be wise to choose a lower target.
RNDR: break pattern📊Analysis by AhmadArz:
🔍Entry: 9.780
🛑Stop Loss: 9.200
🎯Take Profit: 10.270 - 10.787 - 11.304 - 11.811
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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!
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/USDT Trading ScenarioThe 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.
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.
RNDRUSDT-Symmetrical Triangle FormationRNDRUSDT-Symmetrical Triangle Formation is done in daily timeframe buy from here
RNDRUSD 1WRNDR ~ 1W
#RNDR Make purchases gradually after successfully breaking through the resistance line of this pattern, with a minimum target of 15%+
📈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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Thank you
#PEACE
NVIDIA Earnings May 21 - Will Crypto AI RNDR 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. Biggest crypto AI narratives RNDR rose upto 20%. .
Now the biggest question is: "Will RNDR 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.
Trade Setups with TP, SL and Entry is shown in the chart.
Good Luck!!!
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
RNDR TARGET PRICE ( ROUNDING BOTTOM PATTERN)I am Hodling RNDR which is NVDA of cryptocurrency for me. Until the target price, I am not selling a penny because we are at the beggining of altcoin bull run. There is this rounding bottom pattern already retested that shows we are now in the way of going to the target price for RNDR.
#RNDR Scalp Trade Setups!CRYPTOCAP:RNDR AnalysisRisk/Reward: Looking promising.
The breakout has occurred, and we're currently seeing a retest.
TBH, everything looks good for altcoins unless BTC makes an unexpected move at the Monday open. Keep an eye on it. I've entered the trade, taking the risk.
Accumulation Zone: $9.88 to $10.40
Targets: $10.87, $11.45, $12.22
Stop Loss: $9.75
dyor, nfa
#RNDR
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#PEACE
$RNDR LONG | NEW ATH | +40%CRYPTOCAP:RNDR has formed a cup and handle that can potentially breakout to a new all-time high at ~$15.30. This would be +40% from the neckline. Wait for a retest of the neckline at $11, which also happens to be the volume point of control. Once a breakout occurs from the neckline, jumping into a long position is likely to be profitable. Set appropriate SLs and TPs, and good luck!
#RNDR/USDT#RNDR
The price is moving in a bearish channel on a 12-hour frame and is adhering to it to a large extent. It has been penetrated upward and the channel is being retested.
The price rebounded well from the green support area at the 6.70 support level, which is a strong level
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 8.80
First goal 11.26
The second goal is 13.00
The third goal is 15.00
RNDR next leg up soon !RNDR / USDT
One of top favorite coins in this cycle
The chart says it all :
– Positive retest of 2nd weekly S/R
– potential breakout of current accumulation range
If no more BTC drama Next leg up should be very soon
RNDR trade idea RNDR just missed order block and created liquidity in form of sell side liquidity which has given us opportunity to take our and form long position here. I will take long position below SSL and will do dca below wick if price comes here.
A very very clean setup. A trader can catch this chart moves easily.
