RNDRUSDT- A MULTIBAGGER GEM OF UPTO 1160% GAINHello everyone,
Let's have a detailed analysis of #RNDRUSDT.
The Render Network operates as a high-performance distributed GPU rendering network, utilising OTOY Inc.'s leading software to facilitate a marketplace between GPU Providers and Requestors.
Currently, RNDR is trading at a critical support level. Previously, it formed a Cup and Handle pattern and recently experienced a significant breakout followed by a retest.
#RNDR shows potential for a substantial gain of approximately 1160% post-retest. It's worth noting that USDT dominance is undergoing a retest phase as well, and a further decline could potentially propel RNDR towards our first target.
Entry: Current Market Price (CMP) up to $5.2 (Consider accumulating on any dips and perform thorough research before investing).
Stop Loss: Daily close below $4.7.
Targets:
Target 1: $20.863
Target 2: $43.720
Target 3: $74.963
Happy trading!
RNDRUSDT trade ideas
Target 7-7.4-7.9Following daily chart.
Falling wage was broken, also got a long signal from my indicator.
TP1 7
TP2 7.4
TP3 7.9
Not a super good RR but I'll stop below 6.
Render is ready, baby
🎙️ Hi, Guys!
💡Among many crypto projects that have a real utility foundation, render is perhaps the only one with a fairly clear wave structure and an absolutely clear bullish setup for the continuation 🦄
⚙️ Let's start with the fact that the token price is at the highs of 2021 and this fact in itself is a bullish signal. Under no circumstances should you short such formations. The token has recovered in price very quickly and now it’s ready to continue the distribution.
💭 I believe we are in the 4th subwave of the third wave of the cycle. According to the alternation norm, the current correction should be flat, so the basic option for me is some price fluctuation in the range indicated on the chart. In any case, buying a token at current values at the bottom of the expected flat will be a profitable deal. It is important to note that the alternation norm is only a statistically significant norm, but not a rule, so I would not be surprised if Render forms the final motive wave without further formation of the flat.
🗯️ In my picture of the world, $30 per coin is a fairly likely estimate for Render in the medium term.
Let’s try to ride this wave🏄
Shaka 🤙
CRYPTOCAP:RNDR BINANCE:RNDRUSDT BINANCE:RNDRUSD COINBASE:RNDRUSD BYBIT:RNDRUSDT
Updated RNDR chartRNDR had a nice bounce with the rest of the market, I updated the weekly fib setup this time with a retracement. I expect a smooth rally up to 8.8$ on this pivot. If BTC and ETH can continue to show strength and possibly NVDA this will be a nice area of resistance. Note the heavily bottomed stochastic RSI, this thing has a ton of room to heat up. I added Bollinger bands to show another perspective of the oversold theory. This is still my largest altcoin holding and I plan to stick to the plan of selling 25% more between 18-21$.
#RNDR Trade Setup (SPOT)RNDR looks promising, like many other coins. My plan is to dollar-cost average (DCA) on dips, and I already hold it with an average entry of $5.85. Once it flips the $8 area, it could go parabolic with a target of nearly $30+. Is it likely to happen? No one knows, but fundamentally, RNDR is one of the strongest coins, potentially offering good returns during the alt season.
Best Entry: $5 - $6.45
Targets: $10, $18, $25, $30
I'm not considering any stop-loss (SL) here, as the project's fundamentals are solid, and DCA remains the most successful strategy.
Remember the aim is to add during the green days, not the green ones.
If you get in, try to DCA without fear and always keep USDT in reserve, never go all in at once.
DYOR, NFA
Let me know your thoughts in the comments section. Please hit the like button if you found this helpful.
Thank you.
#PEACE
Is RNDR Good Case For Hold?!As we see It could clearly sweep the last major low which is noticeable on daily timeframe.
Based on my strategy and the market situation, RNDR has taken all the licence!
Entry on 6.28 to 6.17 / short-term and mid-term targets are mentioned on the chart above.
Render Token Flashed Bullish Crossover On The Daily Chart
The entire crypto market is pumping hard right now. However, it will be essential to trade the assets with the most significant potential based on technical indicators and chart setups.
might be one of them. The token flashed a bullish MACD crossover on the daily chart. This usually indicates the initiation of a bullish trend.
Nevertheless, you should be cautious when entering a trade. Here's why 👇
Currently, Render trades at $6.62. Based on the chart, the token faces a strong resistance at $7. Accordingly, you might want to wait until the token clears that line before entering a trade.
Alternatively, you can go for setup with a first take-profit at $7.
---
Disclaimer: This post is no financial advice!! Please do your own research.
Breaking Alert: Is RNDRUSDT About to Skyrocket or Plunge?Yello Paradisers! Is #RNDRUSDT on the verge of a major breakout or a sharp decline? Let's dive in to find out why this could be a game-changer for your trading strategy.
💎#Render is currently compressed between the falling wedge's trend lines. We are expecting a bullish breakout soon due to increasing volume and improving macro market sentiment.
💎If #RNDR is rejected by the upper trend line of the falling wedge, we might see a retest of the bullish order block (OB) at $5.81. This area has provided strong support for RNDR multiple times, as it is packed with liquidity.
💎Should CRYPTOCAP:RNDR fail to rebound from $5.81, the next level to watch is the lower support at $5.42. The probability of a rebound from this level is significantly higher.
💎If #RNDR continues to fall, the bears will take control, potentially leading to a bearish continuation.
Stay focused, patient, and disciplined, Paradisers. Trade smart and avoid the herd mentality.
MyCryptoParadise
iFeel the success🌴
RNDR 4HAnalysis for CRYPTOCAP:RNDR on 4H time frame. It has broke a long down trendline and can provide good gain with RR of 2.5. Targets are given on charts.
RNDR Long Opportunity📉 RNDR/USDT Weekly Chart Analysis 📈
🌟 Trade Idea:
We're observing the RNDR/USDT perpetual contract on Binance. The price is currently showing signs of a potential reversal. We're targeting the **Sellside Liquidity** area for this setup.
💡 Key Levels:
- Current Price: **$6.10**
- **Sellside Liquidity** Zone: Around **$4.00-$5.00**
🔍 Trade Setup:
1. Wait for the price to tap into the **Sellside Liquidity** zone.
2. Look for bullish reversal signals within this zone.
🛠 Technical Indicators:
- **FVG (W)**: Fair Value Gap on the weekly chart could act as support.
📅 Timeline:
This setup is expected to play out over the next few weeks. Patience is key! ⏳
🔔 Action Plan:
- 📉 If the price dips into the liquidity zone, be prepared for a potential entry.
- 📈 Watch for confirmation of a reversal before entering a long position.
Good luck! 🚀
RNDR: Key Buy-Back Zones to WATCHRender has completed its bullish cycle and is now moving steeply into bearish phase. Now this does not mean I am not enthusiastic about RNDR - In fact, it was on my list of top AI coins to watch for 2024:
I also called for higher prices early on. And now, it's time for a pullback.
This is NOT a bad thing - it gives you a chance to buy back in at lower prices, in anticipation for the next rally! I've market two zones for each timeframe that I will be watching as potential zones for spot buys.
Don't miss yesterday's analysis on ETH:
_______________________________
BINANCE:RNDRUSDT
RNDR#rndr
In the 1h time frame #rndr is framing cup and handle pattern,
Till wait for break out and confirmation of its pattern. Target is $6.767
Put the Stop loss 🚨 $5.754.
RNDR Shorting IdeaUsing Bear Value Gap, shorting down, overall trend are bearish, we are shorting the retracement
#RNDR/USDT breaks & retests the Diagonal Trendline in 1-Hour TF!#RNDR/USDT breaks & retests the Diagonal Trendline in 1-Hour TF!
We can enter short in the FVG. The local resistance level is PML $6.5050 and the support level is PWL $5.6265.
NEAR#near is framing symetric triangle in the 1h time frame.
Usually symetric triangle break out both side
Wait for break out and confirmation, within a next few hours break out imminent.
Sl🚨 is very important.
#NFA
#DYOR
Render Crypto: A Bullish Breakout May Be in the CardsBINANCE:RNDRUSDT has exhibited mixed movements recently. Observing the exponential moving averages (EMAs), it can be noted that the 9 EMA and the 20 EMA have been closely aligned, indicating a short-term consolidation phase.
The Moving Average Convergence Divergence (MACD) indicator reflects a subtle bearish trend. The MACD line is below the signal line, with histogram values suggesting a weakening bearish momentum. This could imply a potential for sideways movement or a slight downtrend if the bearish momentum gains strength. Relative Strength Index (RSI) values, hovering around the mid-40s, indicate a neutral stance, neither overbought nor oversold.
Given the current technical setup, key resistance levels are identified at $6.649, $6.751, and $6.99. If the Render crypto price breaks above these levels with strong volume, it could signal the start of a bullish trend. Conversely, support levels are noted at $6.244 and $5.853. A breach below these support levels could indicate further downside potential, with the pair potentially targeting lower support zones.
For traders looking to enter long positions, an ideal entry point would be above the $6.649 resistance level, with a close monitoring of the MACD for signs of bullish crossover and RSI moving above 50. An exit strategy for long trades could be set near the $6.751 resistance level, or higher if the bullish momentum sustains.
For those considering short positions, entering below the $6.244 support level might be prudent, especially if the MACD continues to reflect a bearish trend and RSI remains below 50. Setting an exit point around the $5.853 support level would be advisable, keeping an eye on potential reversal signs.
In conclusion, the RNDR is currently in a consolidation phase with a slight bearish bias. Traders should watch for breakouts from key levels to determine the next significant movement. The interplay of the EMAs, MACD, and RSI will be crucial in identifying potential trade setups.
RNDR Long Spot PositionMarket Context:
RNDR is trading at a support level, providing an opportunity to enter into a long spot position.
Trade Setup:
Entry: Ladder into a long spot trade in the $6.50 - $6.70 area of support.
Take Profit:
First target: $7.80 - $8.50
Second target: $9.35 - $9.90
Stop Loss: Place the stop loss just below $6.00.
📊 Monitor the market closely and adjust your strategy as needed! #RNDR #CryptoTrading #SupportZone 🎯
RNDR PULLBACK FOR A LOWER HIGH With the recent bullish divergence spotted on the daily time frame. I've noticed that price action is rejecting the fib level of 382 ($6.06). My thesis is that render may pullback from this level to create a lower high at the 618 level ($9.01) before shorting back down to the $6 mark, breaking support and entering into the 236 at $4.21.
If this chart plays out how I'm imagining it too, I feel like it would be an awesome time to begin loading up on CRYPTOCAP:RNDR for an epic discount, before the price starts to pick up again.
Let me know how you're feeling about render in the comments below.
Peace & Prosperity
- Kaia Tait.
RNDRFamous RNDR ?
Hey guys !Did you see buyers ?
Where are they ?
Sorry for those who are stuck as a prisoner in there .
RNDR - Last ChanceRNDR is now at critical support; if it's going to attack that $9-10 zone or even think about new highs, it needs to hold here. Left the previous drawings on the chart to remind myself that I should take these setups next time and trust my own TA a little bit more.
If not, we are probably looking at a new accumulation zone were the roundtrippers or buyers of the bubble slowly capitulate. This is what we call time capitulation after the initial fast downmove.
That would probably create a range between 2.5 and 5 dollar (or something similar). Whether dead cat or new highs, usually charts bounce in that area so it's something to keep an eye on.
For now we're holding support though, buyers here should look at a reaction at the 9-10 dollar level for taking profit.
BTC and RNDR drop, how do we manage the risks and rewards?Bitcoin is dropping. What are the levels are bearish traders targeting, and when could the bearish momentum end? Additionally, we'll examine RNDR to discuss how we can manage the risks and rewards of the current descending triangle pattern.
--------------------
As always, do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
