RNDRUSDT heading towards weekly resistanceThis one is going as per expectation. The monthly support is doing its job and holding the price well and making the price bounce if the price hits that level. High time frame view is still the same and expectation is there that the price will be held by the monthly support and will head towards weekly resistance. I do see that weekly resistance stopping the price and making it stop its upward move at least temporarily but we will reevaluate once the price reaches that resistance zone.
RNDRUSDT
RNDR SHORTBINANCE:RNDRUSDT SHORT. Horizontal resistance and 6hr bearish divergence. Rejected at range highs, looking for a move towards range lows again.
long RNR$RNDR broke through the descending trendline and resistance level. BUllish movement to $1.73 is expected to happen.
Crypto Cup & Handle Alert! 🚀 Entry .90c-1.00 | Targeting $8.00Entry .90c-1.00
Clear cup and handle pattern.
Repeat of cup from .93c gives a completion target of around 8.00
RNDR on monthly support, very likely to head higherAs mentioned in the original post, this one has hit the monthly support and has been since trading around that support zone. The price has bounced from there and I think it is getting ready for the upward move. I think this is a very good opportunity. Even if the price dips again into the support zone, the probability of bouncing from there is very high although I do not see very likely that the price will dip deeper into the support zone again. This is also characterized by the last weekly candle close which rejected any attempt to go lower than the previous weekly low.
#RNDR/USDT 1D (Bybit) Rising wedge breakdown and retestRender Token pulled back to 50MA resistance and could push a bit higher before resuming the retracement down to 200MA support.
⚡️⚡️ #RNDR/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.2X)
Amount: 5.0%
Current Price:
2.27450
Entry Zone:
2.29510 - 2.52750
Take-Profit Targets:
1) 1.89170
2) 1.50035
3) 1.10905
Stop Targets:
1) 2.84610
Published By: @Zblaba
CRYPTOCAP:RNDR #RNDRUSDT #Render #AI #BigData #GPU #Web3
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.4% | +83.1% | +118.8%
Possible Loss= -39.7%
Estimated Gaintime= 1-2 months
rendertoken.com
RNDRUSDT at monthly support and the support likely to holdThe price has hit the monthly support zone. It has bounced from there but a revisit possibility to that zone cannnot be denied. However, this is a high time frame support and shall hold on monthly basis and therefore offers long opportunity. The first resistance that would be faced by the price in case of upward move is the weekly resistance sitting around 1.63-1.72.
RNDR LOOKS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RNDR symbol.
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/USDT is Building Momentum for Next Rally
💎 On the 1D timeframe, RNDR is sketching an optimistic scenario, suggesting a potential bullish surge.
💎 The MACD is tilting towards a bullish divergence, signaling a possible upward shift following the consolidation breakout.
💎 A retrospective glance reveals the price took a downturn after establishing equal highs. Moreover, the shift from demand to supply further intensified the bearish pace.
💎 There's a clear untouched supply and bearish territory. It seems likely that RNDR will target this area for equilibrium in the near future. However, if the price slips past the support zone, brace for a potential drop.
💎 In the dynamic realm of crypto, staying informed is essential. Keep an eye out for further insights and relish your trading adventure.
RNDR: Descending Triangle BreakoutTrade setup : Bearish breakout from Descending Triangle pattern, below $1.70 Triangle support level, which confirms downtrend with downside risk to $1.00.
Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will typically occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.70, which it broke, then $1.00. The nearest Resistance Zone is $2.50, then $2.90.
RNDRUSDT SHORT⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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RNDRUSDT to the Moon!Bulls are clearly dominating as we can see how every support is being respected. And right now price stands near the critical demand area while remaining near the bottom of the ascending channel. This is likely to be a huge buying opportunity, potentially for a 200%+
Render Token RNDRUSDT Price Analysis (12h)🌟 Greetings, fellow traders and investors! 📊💹 Let's dive into our detailed analysis of Render Token (RNDRUSDT)!
Currently, RNDRUSDT is exhibiting a consolidation phase within two significant bearish structures: the Rising Wedge and the Head and Shoulders pattern. These patterns often indicate an impending downward movement in the coming weeks, making it a crucial time for traders to be attentive to potential market trends.
📉 Rising Wedge: This pattern is characterized by a contracting price range between upward sloping support and resistance lines. As the price continuously narrows within this wedge, it suggests that a breakout to the downside is likely on the horizon.
👤 Head and Shoulders: The formation of the Head and Shoulders pattern indicates a potential reversal in the price trend. It comprises a higher peak (head) flanked by two lower peaks (shoulders), with the neckline acting as a critical support level. A decisive breakdown below the neckline often signals a bearish move.
🎯 Price Targets: Based on our analysis, we have identified potential targets determined by the height of the Head and Shoulders pattern and the Rising Wedge. These targets are located within the support zone of $1.27 - $0.95. Traders should closely monitor price movements and be prepared to act accordingly to capitalize on potential profit opportunities during this phase.
It's essential to exercise caution and apply robust risk management strategies while navigating these bearish structures. Always stay informed, monitor market conditions, and consider various indicators to support your trading decisions.
As always, we'll keep a watchful eye on RNDRUSDT's developments and provide timely updates to guide your trading journey. Wishing you fruitful trades and successful market endeavors! 🚀📈✨
Render Token (RNDR) formed bullish Gartley for upto 11% pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with BTC pair.
Previously we caught more than 12% pump of RNDR as below:
Now on a 4-hr frame, RNDR has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Rndr Breaking Bullish Pennant Seems Like getting Ready For Another Bullish Impulse Formed & breaking Bullish Pennant Incase Of Successful Breakout Expecting 80 to 85% bullish Rally
long RNDRCRYPTOCAP:RNDR broke through the resistance level. Bullish movement to $2.0 is expected to happen
RNDRUSDT long idea from LTFSThe price hit the 4h resistance 4HR1 and git rejected from there. It is currently pulling back. The price may hit the low time frame support LTFS and bounce from there. A long trade is favorable from there towards the 4h resistance zone. The target of this trade should be 2.05-2.06.
RNDRUSDT at daily support, likely to head to 2.07The price is trading close to daily support. It was rejected from the daily resistance and it immediately headed down. I expect the price to bounce from daily support DS1 and therefore a long is favorable from this zone. The price may dip further into the support zone. Therefore, as always, I will add to the position as price moves into that zone.
RNDRUSDT on daily resistance, likely to pullback to 2.068The price hit the daily resistance DR1 and currently being pushed down. A short trade is favored by the probability here. The price is likely heading towards the of the daily support zone sitting around 2.02-2.06. The target of the trade should be around 2.068. Other relevant resistance and support levels are also marked on the chart. In general on larger time frame, I think the price is heading for the weekly resistance WR1 around 2.6-2.75. But for this post, lets focus on this short trade setup.
Render RNDR price prepares a riddle, whoever reads it will guessAn interesting situation emerges on the RNDRUSDT chart
On the one hand, the chart shows a seemingly obvious Head and Shoulders pattern with a target of $1.10.
However, for this pattern to be activated, the RNDR price needs to consolidate below $1.90, or even better (for reliable development of the pattern, of course), it needs to fall to $1.50 and then fail to rise above $1.90.
On the other hand, something deep down tells us that there is absolutely nothing stopping trading bots from drawing a "standard book pattern". So that during the formation of the pattern, without waiting for confirmation (which is very important), many shorts positions were taken.
And then, with upward momentum, and on the triggering of stop orders on the short position, the "rocket" called Render can start to take off.
And this rocket needs a lot of fuel, because there is a strong liquidity zone above the current price of RNDR, which will be difficult to break through.
In general, we have written our thoughts, drawn arrows on the chart, and now the question is for you, which RNDRUSDT price will be faster: $6 or $1?
Write your thoughts in the comments section.
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RNDRUSDT at 4h support, likely to head up to 2.04-2.06The price is once again at the 4h support zone 4HS1 marked on the chart. Once again the long is favorable from here and the price should bounce here towards the daily resistance DR1. Lets take a long here towards 2.04-2.06 target.
#RNDRUSDT Analysis: Narrow Range and Key Price Levels💎 Over the past 7 days, #RNDRUSDT has been trading within a tight range, characterized by distinct supply and demand areas. The demand zone is particularly noteworthy, as it encompasses the 88.6% Fibonacci support level, which has demonstrated a double bounce recently. Additionally, the Volume Profile support has also acted as a significant level of buying interest, further reinforcing the importance of this price area. As diligent members of the Paradise Club, it is crucial for us to closely monitor this zone throughout the week.
💎 A break below the aforementioned demand zone would be a concerning development for #RNDR, as it would likely trigger sustained selling pressure. Therefore, it is imperative to be mindful of any bearish signals or price action that indicates a breach of this critical level.
💎 Conversely, we must also pay close attention to the current supply zone. Should the price successfully break above this zone, it would bode well for the short and medium-term outlook of #RNDRUSDT.
💎 Taking into account the multiple clean bounces off the support levels and the prevailing market conditions, the probability leans towards an eventual upside breakout. We anticipate that this breakout may materialize in the coming days.
💎 For now, it is prudent to exercise patience and adopt a wait-and-see approach. It is advisable to act only when we see confirmed breakout, whether to the upside or the downside. As the situation unfolds, we will keep you informed of any significant developments. Stay tuned for updates and be ready to seize potential opportunities when they arise.
RNDRUSDT at hourly support, long favorable towards daily resist#RNDR #RNDRUSDT $rndr This one has reached to the level I was expecting since yesterday to have a very nice long trade. Finally it has arrived to the hourly support zone. We had discussed that the price may spike upto 2.35 or so before coming down below daily resistance DR1. And thats why we closed the major long trade at daily resistnace and sinxe then taken a couple of smaller trades in both sides. But now is the price at a level which provides better risk reward and favors a long for a good gain. Lets first target daily resistance zone and then we will see.
