Bullish RSI divergence on RNDR on 4HBullish divergence is observed on 4H for RNDR token. Will RNDR continue the bullish momentum?
RNDRUSD trade ideas
Render about to have a BREAKOUT?Everything is positive for render on all indicators on all time-frames just about. Uptrend with possible break of resistance, looks like a breakout.
RNDRUSD Expecting a technical pull-back.Render Token (RNDRUSD) gave us the bullish break-out we were looking for to buy on our last analysis (August 24 2023, see chart below) as the 1W MA50 comfortably held and provided the rebound that hit our Target:
The price had a strong rejection on the Diverging Higher Highs trend-line of the 1-year Channel Up since and is currently on the 1D MA50 (blue trend-line). The 1D RSI is replicating the June 2023 sequence so it is quite probable to get one last pull-back towards the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) Support Zone before a new rally. Target between 3.000 - 2.800.
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Breakout Trade (Update)RNDR sill looking very strong. I'm expecting this to stay over the $5 range soon. It has been strong and steady which is vey good though.
RNDR/USDTCRYPTOCAP:RNDR the coin you just keep missing out on, and one of my biggest altcoin bags!
We have new supports and new resistance levels, bearish pattern invalidated!
once we crack that orange resistance line, I am expecting a new ATH in price!
Don't sleep On RenderRender is looking very strong. Volume is staying high. Once it breaks $5.00 it will hit $6.00 easily. This is a good hold long or short term. DISCLOUSER I have been holding this for a while & haven't taken any profits. I'm adding more at these levels. long term I'm looking at 10-15 dollar target. NFA, risk management & DYOR.
This idea is my opinion and thoughts.
RNDR ready for the next leg.Been posting about this fractal for about 2 months now and it is playing out. If you bought RNDR when i called it out, you would be up about 3x right now.
RNDR fractal playing out as expected.RNDR fractal playing out as expected. Breakout probably next weak. Towards the 5$ area.
RNDR/USDCRYPTOCAP:RNDR set alerts on blue resistance line and green resistance line, because after we break both of them resistances, CRYPTOCAP:RNDR will be looking at making a new ATH in price, then we will need to start using fibs so we can aim higher!
Render (RNDR) Price Correlated to Bitcoin Surge
The price chart for Render shows a sustained upward trajectory, with the asset increasing in value by 200% over the past three months. RNDR's performance has been partly influenced by its correlation with Bitcoin, contributing to a 131% rise since October 16.
As of now, RNDR is fluctuating between a support level of $3.5 and a resistance zone ranging from $3.86 to $4.00. The most likely scenario is a continuation of this upward trend, potentially reaching a new yearly high. In the near term, Render could test and potentially surpass the $4.2 level, further validating the buying momentum.
Should there be a short-term decrease, RNDR might approach the support area between $3.2 and $3.4 and test the $3 mark. A transition to a downtrend could be on the horizon if the RNDR price firmly settles below $2.2.
RenderNetwork at important resistance👀🔴Here is my RenderNetwork TA for you dearCrypto Nation😎🤘
RNDR got rejected at the POC + FIB 78.6%
bullish scenario🐂
💠break this resistance zone
💠chase last ATH
💠reach TP at FIB 127.2% at $16
🟰that market cap would be 0.83% of current Bitcoin market cap
bearish scenario🐻
💠deep correction to the final Bull Support Box
💠getting dark if we lose that support👀🔴
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
✴️ Render Token Ultra Bullish, No Doubt (230% Potential)The bear market bottom for Render Token was hit mid-June of the year 2022, more than a year and a half ago... The rest is pure is growth, absolute bullishness.
The chart here, RNDRUSD, is dominated by bullish signals and we have a constellation of factors pointing toward higher prices.
Let's just name a few for entertainment, quickly:
1) Bullish MACD, strong RSI.
2) Falling wedge (bullish pattern).
3) Cup pattern with higher low.
4) Bullish candlestick patterns, closing above moving averages.
5) Strong Bitcoin.
6) Bullish astrological developments.
Just to name a few... The volume should also be good even though it cannot be seen on this chart.
The target on the chart is for illustration purposes only.
I am trying to predict direction only here not timing nor exact resistance levels.
In simple terms, the bigger picture is up, the market will take care of the rest.
Namaste.
RNDR perfect consolidation?Been looking at this for a while. Right now it is playing out. Breakout this week or invalid.
Render USD Daily Toppy Render and alot of alts looking toppy here but with serious upside potential should Legacy Hold.
Look to Spy for Signal.
Long Term Bullish
Scalpers Short.
RENDER on 15 min Scalping Zones RENDER on 15 min Scalping Zones
BBWP - STOCH - RSI
Volume Profiles
Channel Pattern
Scalping Areas
$RNDR Going Down My sole focus is to reenter the market at the 1.50s level when I receive the right signal to initiate the trade during its downward movement.
Could the price potentially surge higher? Affirmative.
Does this potential rise in price concern me? Negative.
Am I clear on my desired entry point and the reasons behind it? Absolutely.
RNDRUSD: Small but steady rise. Expect more aggression soon.Render Token has been steadily rising since the August 28th contact on the HL trendline but more importantly the 1W MA50, which held for the second time since the week of March 6th 2023. The 1W technical outlook is neutral (RSI = 53.781, MACD = 0.060, ADX = 33.069) meaning that there is significant upside potential. The Bullish Cross that is about to be formed on the 1W MACD also reveals that this is only the start of a long term leg. We are aiming at the R2 level (TP = 4.25000).
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RNDR After the HS target (around $ 1,03) the downtrend could still continue filling the Shark pattern at around 0,475
Breaking outA close above the falling wedge has a 1.64 price target. This would also be a close above the 50ma, and a breakout of the downtrend. Little bit of a bullish divergence playing out on RSI too
RNDRUSD Strong buy evidence but best wait for a break-out.Render Token (RNDRUSD) is on the 3rd straight green 1D candle, having the best bullish sequence since June 21. The pattern remains a 3-month Channel Down but for the first time this is being executed from oversold 1D RSI levels as well as almost testing the 1W MA50 (red trend-line) for the first time since January 23.
The formation of a 1D Death Cross though, makes our sentiment mixed and prefer to take a confirmed buy signal instead. That will be above Resistance 1 (1.7685) and obviously the top (Lower Highs trend-line) of the Channel Down. Upon that break-out (1D candle closing above) we will buy and target 2.1600 (0.618 Fibonacci).
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