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RNDRUSD trade ideas

RNDR SHORT/LONGWe had a strong reaction from $3.5, with a bounce of nearly 50%. Currently, the price is at a support level of around $4.1. From here, the price could either consolidate or gradually move lower toward $3.5, possibly even $3, as the Stoch RSI still has room to go down. However, a short-term rally toward the 21 EMA on the daily timeframe ($5.6) is also possible. I'm considering entering a short if the price makes a fakeout above the 21 EMA, targeting at least $4. After that, if the setup aligns, I would look for opportunities to scale into long positions. We also need to remember that on February 11, RNDR will release 0.10% of its total supply into circulation. This could add some selling pressure, so it’s worth considering when evaluating potential price movements.
COINBASE:RNDRUSD
by BOT721
RNDR Chart AnalysisLets break it down: Structure and Price Action: **Rising Wedge Formation**: The chart shows a **rising wedge**, which is typically a bearish reversal pattern. Price is currently trading near the lower boundary of the wedge, increasing the likelihood of a breakdown. **Red Resistance Zone**: The price rejected the key **red resistance zone** between $10.0–$11.0, indicating strong selling pressure. **Higher Lows**: Despite rejection at resistance, the price has maintained **higher lows**, signaling bullish attempts to sustain the uptrend. **Bearish Momentum Developing**: Price is now testing the rising support line. A breakdown here could lead to a reversal toward lower levels. Support and Resistance: **Immediate Resistance**: $10.0–$11.0 (red resistance zone where sellers are dominant). **Key Support Levels**: $8.50: Rising support line and psychological level. $7.50–$7.00: Green order block area where buyers previously stepped in. Below $7.00: Strong support near $5.50–$5.00 (historical support zone). Indicators: Moving Averages (EMA 20/50/100/200): Price remains above the **EMA 20** ($8.96) and EMA 50 ($7.82), showing bullish bias in the short-term trend. The **EMA 100/200** at $7.03 and $6.68, respectively, provide stronger long-term support. Money Flow Index (MFI): **58.08** indicates neutral momentum but leaning slightly toward bullish, suggesting buyers still have some control. Stochastic RSI: The Stochastic RSI is currently near **oversold territory** (11.56), suggesting a potential bounce from support levels. However, if price fails to hold support, oversold conditions can persist, leading to further downside. Volume: Volume during the recent move upward has been declining, suggesting weakening bullish momentum. Watch for a volume spike on any breakout or breakdown to confirm direction. Pattern Analysis: The **rising wedge** pattern signals caution as it leans bearish. A breakdown below the wedge's lower trendline would confirm a reversal. Rejection at the red resistance zone strengthens the bearish outlook unless bulls regain control. Probabilistic Outlook: Bearish Breakdown (Primary Scenario): If price breaks below the rising support line (~$8.50), bearish momentum will increase. Key downside targets: **First Target**: $7.50 (order block zone). **Second Target**: $7.00–$6.50 (EMA 100/200 levels). **Third Target**: $5.50–$5.00 (major historical support). Bullish Continuation (Alternate Scenario): If price reclaims $10.0–$11.0 with strong volume, the uptrend will resume. Key upside targets: **First Resistance**: $11.50. **Second Resistance**: $12.00–$12.50 (previous highs). Key Signals to Watch: A breakdown below the rising support line (~$8.50) = **Bearish confirmation**. A breakout above $10.0–$11.0 resistance = **Bullish continuation**. Volume spike during breakout or breakdown will confirm the move. Conclusion: The chart shows a **rising wedge** with weakening bullish momentum, increasing the probability (~65–70%) of a bearish breakdown. A decisive break below $8.50 would target lower levels at $7.50 and beyond. Conversely, a breakout above $10.0–$11.0 could invalidate the wedge and continue the uptrend toward $12.00.
COINBASE:RNDRUSD
by EncryptShawn
1
RNDR | BULLISH ALTS | RNDR Incoming ATH Render has been one of my top alts since Jan 2024, and it hasn't disappointed, currently standing at 140% increase, and if you account for the ATH in March, 245%. As Bitcoin trades range we're patiently waiting for Ethereum to make a new ATH. This will encourage the rest of alts to make a final push up, that is AFTER ETH made a new ATH. That's why it's so important to watch Ethereum, and the Bitcoin dominance chart. More on that topic HERE: ____________________ GEMINI:RNDRUSD
GEMINI:RNDRUSDLong
by CryptoCheck-
3
Speculative inverse head & shoulders opportunity on renderRender just had a big spike and then corrected back down to the breakout target of the previous triangle pattern it broke up from (which I will link to below). In doing this, render has created the opportunity to form a right shoulder now to a potential inverse head and shoulders pattern, as long as it stays below the top of todays candle’s top wick for the next few daily candles. If so, it then gives us a new price target we can look forward to heading towards once it breaks out of that pattern of around $20. For now this is speculative, for if render just resumes pumping and heads past the recent daily candle high the inverse head and shoulders pattern will no longer be in play *not financial advice*
COINBASE:RNDRUSD
by DrDovetail
Render Token (RNDR)Render Token is an innovative project of sharing GPU computing power for consumers such as artists and graphic designers. At first, like many projects, RNDR price went down. After the downward move ended and price broke the downtrend line, an impulse upward wave started and price value increased significantly. It is possible an inverted harmonic pattern is forming; have to wait for the price to reach the previous highest high (horizontal line).
RLong
by SaeedSalehinia
2
RENDR/USD - LONGMost times when you are new to trading you would want to chase price and this pair at the moment is gone but do not despair bears are about to give us an opportunity. The plan is to allow bears to push price down so that we could have a better entry at the lower price thus increasing our risk to reward ratio. Furthermore crypto across board seems to be recovering but we will wait for a lower long entry. Summary: Entry : $5 Target: $ 8.015 RIsk:Reward = 2 Plan your trade, trade the plan. Do follow, boost my ideas and grow together.
BITSTAMP:RNDRUSDLong
by ForeignCapital_fx
2
Bullish Momentum in Render Price Trading Opportunities RevealedBINANCEUS:RNDRUSDT has recently exhibited some notable price movements, closing at $7.03 in the latest session. The asset has seen a steady rise over the past few sessions, indicating potential bullish momentum. However, understanding the support and resistance levels and the underlying technical indicators is crucial for predicting future price action. RNDR faces immediate resistance at $7.109. A breakout above this level could push prices higher, with the next resistance levels situated at $7.566 and $7.735. On the downside, the nearest support level is at $6.857, with stronger support further down at $6.305 and $6.244. Traders should watch these levels closely as they can provide significant trading opportunities. The 9 EMA (Exponential Moving Average) is currently trending above the 20 EMA, which is a bullish signal. This crossover suggests that the recent upward momentum could continue if the price remains above these moving averages. Meanwhile, the MACD (Moving Average Convergence Divergence) indicator also supports a bullish outlook. The MACD line is above the signal line, and the histogram is in positive territory, indicating strong buying pressure. The RSI (Relative Strength Index) recently touched 64.25 before retreating to 58.01, suggesting that the Render price was in overbought territory but has since cooled down. This cooldown could provide a potential entry point for long trades if the RSI stabilizes around the 50-60 range. For those considering long positions, a potential entry point could be near the current support level of $6.857, with an initial target at the $7.109 resistance level. A break above this resistance could see the price testing the higher resistance at $7.566 and $7.735. Setting a stop loss slightly below the $6.857 support could help manage risk. Conversely, short traders might look for entry opportunities if the price fails to break the $7.109 resistance decisively. Targets for short trades could be the support levels at $6.857 and further down at $6.305 and $6.244. A stop loss just above $7.109 can mitigate potential losses from unexpected bullish breakouts. In summary, the Render price is currently exhibiting bullish characteristics with key support at $6.857 and significant resistance at $7.109. Traders should monitor these levels and the behavior of technical indicators like the EMAs, MACD, and RSI to make informed trading decisions. As always, caution and proper risk management are essential.
RLong
by Ecoinimist