Mock Up Price Action for RNDR | Mid Term (12HR)Mock Up Price Action for RNDR | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
RNDRUSDT trade ideas
RNDR SETUPSIt is crucial to mention that trading in cryptocurrencies such as Bitcoin involves significant risk, and investors should always exercise caution and adopt proper risk management strategies.
RNDT NEW VOLUME INCREASEThank you for reading this update.
Depending on our study we see that RNDT has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
Time ago we did also scan the first volume of this coin as the chart shows.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Render Token Potential ShortKeep an eye on Render Token for a potential Short.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
RNDR grasping for golden fibRNDR, my largest altcoin holding is approaching the golden fib which is a major momentum signal. If this golden line can be taken and formed into support we will likely see a few dollar increase in a short time. My short-term target is 4.5$ish. It seems RNDR does not really care what BTC does along with my other major holdings which is good. RNDR has a unique narrative that captures ai, gaming, eth and solana all in one. I am net giga-long still.
"RNDR is heading towards $7?"🚀🎗️
🔴Render has reached the mid-point of its trading channel and is poised to break through the $4.045 resistance level. If it does, it could reach the channel's upper limit of $6.866.‼️
⚠️If buying pressure fails to break through the mid-point of the channel, a short trade could be a good entry point at the first trigger of 3.554.📉
🔆What do you think about this triangle? Does it exist‼️
RNDR heading towards 5 dollar zoneThe price has been rallying upward since it bounced from the monthly support. This has been a very significant move. THere was a weekly resistance on the way which just made the price pause a bit but eventually it went further up. Now the price is aiming for the next resistance which is a weekly resistance labeled as WR1 on the chart. But such resistances do not carry significant value as they are very old one and as it gets older, its effect weakens. And therefore, it should not be attributed a lot of importance, however, it can definitely provide some hints about the price direction by looking at the price action when the price hits this area. Anyways, long story short, I think the price is definitely going to aim for that resistance irrespective of what it does after that.
RENDER TOKEN - RNDRUSDT IdeaHey Traders.. No Comment!!
BINANCE:RNDRUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.
RNDR 4H Long?That's a pretty risky 4H setup, but we can observe the buyers' interest. Moreover, the 1D chart looks bullish, even on the RSI. We need to see how the 4H will close in the next hour. The new support zone is effectively outplaying the previous resistance.
I'm holding a long position. This review is just for entertainment.
RNDR - Trade SetupRNDR on precipice of breaking out above yearly high, targeting supply zone around $5.3 area
strong narrative alongside AI this year and showing a lot of recent strength.
RNDR: Bullish Channel with Bull Traps! 📈🚀🌐 Greetings Crypto Enthusiasts,
Today, let's set our sights on RNDR as it gracefully maneuvers within an ascending channel, painting a compelling narrative on the charts. RNDR, known for its strategic plays, exhibits a unique pattern—repeatedly forming a bullish flag after a bounce from the lower channel boundary. What makes RNDR an intriguing asset is its knack for executing shakeouts below the flag's pivot, creating an optimal environment for strategic investments over day trading. Let's delve into the details of RNDR's chart dynamics. 🔄💹
Charting the Course: RNDR's Ascending Channel Play
Ascendancy in the Channel:
Structured Trajectory: RNDR gracefully adheres to an ascending channel, illustrating a structured and methodical trajectory.
Technical Rebounds: The lower boundary acts as a dynamic support, initiating technical rebounds.
Bullish Flag Phenomenon:
Pattern of Strength: RNDR consistently forms bullish flag patterns within its channel, symbolizing strength and resilience.
Optimal Entry Points: For investors, these patterns offer optimal entry points after shakeouts below the flag's pivot.
Strategic Shakeouts - A Boon for Investors:
Bouncing Off Pivots: RNDR's shakeouts, specifically below the pivot of the bullish flag, act as strategic maneuvers to clear the playing field.
Investor-Friendly Dynamics: This creates an investor-friendly environment, as it eliminates short-term traders with tight stops.
Why Invest in RNDR: A Strategic Approach
Channel Dynamics Favor Long-Term Play:
Predictable Trajectory: The structured channel provides a predictable trajectory, favoring long-term investors.
Minimized Day Trading Risks: RNDR's nature reduces the risks associated with day trading, making it conducive to strategic investments.
Capitalizing on Shakeouts:
Investor Advantage: The shakeouts become advantageous for investors, allowing them to accumulate positions at favorable prices.
Avoiding Short-Term Volatility: By embracing the investment perspective, one can avoid the short-term volatility triggered by shakeouts.
Conclusion:
RNDR's journey within the ascending channel, coupled with its recurrent bullish flag patterns and strategic shakeouts, offers a compelling story for both traders and investors. For those seeking a less turbulent ride with minimized day trading risks, investing strategically in RNDR aligns with its unique chart dynamics.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
RNDRUSDT long setupWe are taking this long setup with a good risk/reward. Overall the trend is strongly bullish even compared to most coins.
RNDRUSDT.PRNDRUSDT.P is in bearish trend.
Potentially printing LH and LL..
No such sign of reversal from here.
we buy at CMP.
Keeping an eye on #RNDR/USDT diagonal trendline retest in 1-HourKeeping an eye on #RNDR/USDT diagonal trendline retest in 1-Hour TF!
Looking for Short. Wait for confirmation to short it. I am expecting PDL $3.615 retest before a retracement.
RNDRUSDT support range and resistance levelThe support range and resistance level for RNDRUSDT have been identified.
That's how I see RNDRNot enough money or interest to push the price, so I went in a short position with nice targets.
Local support is broken.
Local trendline is broken.
That personal feeling of a good setup, haha.
RNDR blasting through price targets on strong momentumRNDR is impressing again, each consolidation period only offers a small window to buy pullbacks at the trend continues. I am again sharing my weekly view as the token is closer to ATH than a lot of the market. RNDR approaches the golden .5 Fib that was drawn on the entire chart history's weekly view. To be honest there is not much price action until 4.47$ and I expect the trend to continue. Bag holders might sell around this zone but its looking to get gobbled up pretty quickly. Volume on this long time frame is clearly on an upward trend, the token is well above the EMAs and has been for a while. Where the train stops, nobody knows, but this is the nature of momentum trading. I currently do not have open trades on RNDR, I have a large spot bag I started around 40 cents this year and this is one of my fundamental long term plays.
RNDR/USDTCRYPTOCAP:RNDR
Yes a bearish pattern, head and shoulders played out and came down and tapped the 1h 200MA but didn't exactly touch the orange support line, this shows there is lots of interest in CRYPTOCAP:RNDR and we are now possible forming a W pattern, soon we will be $4 the new lucky number
RNDR/USDT Strong Bullish Movement. Ready to continue upward ???💎 RNDR has indeed captured the market's attention with its recent breakout above a critical supply zone, signaling the potential for further upward momentum. The asset is currently undergoing a retest at the $2.2 level, which previously acted as a supply area. Should RNDR successfully rebound from this demand zone, we could anticipate a robust upward trajectory, probability the price toward the next supply target.
💎 Conversely, should RNDR fail to demonstrate strength at the $2.2 demand zone during the retest and instead breach below it, the scenario could turn bearish. This would potentially lead RNDR to seek support at a lower demand level of around $1.940.
💎 It is crucial for RNDR to find buyers and rally at this juncture to maintain the uptrend and revisit the $2.2 mark. A failure to hold the $1.940 level could intensify bearish pressures, possibly driving RNDR back towards a more substantial demand zone further down.
$RNDR #RNDR LONG NAON'S STRATEGY CRYPTOCAP:RNDR #RNDR LONG NAON'S STRATEGY:
Wait for breakout above the current resistance and retest
