$RNDR performed Descending broadening$RNDR performed Descending broadening wedge
What is a descending broadening wedge?
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
RNDRUSDT trade ideas
RNDR daily Charthi every one
as you can see RNDR is under main pivot weekly and daily so we can consider this movement as a pullback to broken support for now 1.6 is acting as a Resistance, expecting to go down again you can short here with a tight stop above 1.67,
if break 1.6 you can long after the pullback, but I am not expecting to go long for now
use proper risk management
Strong Resistance Ahead | Short BiasDaily Chart
RNDR is moving up the resistance around 1.75 that's confluence zone so I think RNDR can reject this level and pullback
Wait and see what happen
#RNDRUSDT IDEA$RNDR currently show a strong bullish momentum that break out resistance zone at 1.51 and currently retest this zone, in H4 price still moving above Ichimoku cloud and currently support by cloud and its base line.
Im looking for a LONG trade here
Entry: 1.46 - 1.48
SL: 1.35
TP1: 1.657 ~ 20.9%
TP2: 1.807 ~ 41%
TP3: 1.958 ~ 61%
Not a financial advice, please manage your risk
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 Long/Short JUST AN IDEADAs per the chart plz do check multiple times b4 entry...
Mine is just an IDEAD
NAFA n DYOR
Thank You
RNDR SHORTBINANCE:RNDRUSDT SHORT. Horizontal resistance and 6hr bearish divergence. Rejected at range highs, looking for a move towards range lows again.
Can be a reversal pattern, double top | Short BiasDaily Chart
Render Token is in consolidation phase in range 1.25 - 1.55 and it's trading at 1.485 now. Very nearly resistance
Chart 4H TF
BINANCE:RNDRUSDT is still uptrend and moving up to resistance around 1.55
This level is very strong, so I don't think RNDR can break out now. Besides, this level is retracement 0.618 Fib that's why I more likely for short position.
Wait for next move
Long RNDR (Render) or DCARender (RNDR) have been tanking for a while - sellers should be tired now.
RNDR just bounced from FIB-level 0.618.
RSI on weekly time frame is completely oversold .
I think it's a good time to DCA into Render again.
A Daily close above 1.480 could be a good entry point to ride on...
If the market pumps I think we will see a RNDR mega pump. Don't sleep on Render before it moves.
$RNDRabove the 200 ema on H4 so could ideally put a stop below there
for now invalidation below white line , weekend so could have a dip there to load up on .. fyi
target is the 200 ema on the daily
long RNR$RNDR broke through the descending trendline and resistance level. BUllish movement to $1.73 is expected to happen.
RNDRUSDT testing the dynamic resistanceRNDRUSDT is currently at an interesting juncture as it tests dynamic resistance. The dynamic resistance you mentioned is a moving resistance level that adapts to market conditions over time.
According to Plancton's trading rules, a potential long trade could be considered if the following conditions are met:
Breakout from Dynamic Resistance: The first condition involves a clear and convincing breakout above the dynamic resistance level. Such a breakout signifies that the market sentiment may have shifted in favor of the bulls.
Price Target: In this case, you've mentioned a price target of $1.5. This target could be based on various factors, including technical analysis, Fibonacci retracement levels, or previous price history. Plancton's rules would suggest holding the long position until this target is reached.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
RNDR 4hRNDR It is located in a very good area You can be with this wish for a long time and with a specified goal
Follow to be updated
Downtrend is coming back | Short BiasChart 4H TF
Render Token BINANCE:RNDRUSDT has been recovering to resistance at 1.55 and rejected this level.
Now, it's trading at 1.465
I expect price will test resistance one more time before turn back to main trend
Wait for next move
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 Render Cup & Handle Short to .90c then Long to 8.00Not financial advice.
Always do your own research and charts our drawn up on current market conditions.
Short it back to roughly .90-1.00 then long it the .90c -1.00 range will complete the handle.
RNDR Render token is in this big cup and handle pattern on the weekly that pulls us back to roughly the .93-1.00 range before finally taking off with a potential to reach a target of roughly 7.00-8.00 upon completion.
one of the clearer charts ive seen and a nice pattern .
Gaussan channel holding up nicely as well.
Strong project, Good crowd hype behind it. .
Like,follow and comment and come join the Exmo Study Family for more market insights
Always practice patience.
A Quik Scalp For RNDRThis is a random shorter timeframe analysis for a quick scalp. You can take the 3%.
Let me know in the comment section if you would love to see more of this lower timeframe analysis.
RNDR USDT RNDR in downtrend on daily chart.
All attempts to break the trend were rejected.
1.2500 - bounce of resistance. It was good alert for LONG.
I think buy futures long position on X10 here, perhabs downtrend wil be broke.
my targets :
1.6300
1.9400
RNDRUSDT LONG OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
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 LOOKING BEARISHRNDR has been bearish for some time now. And from current chart patterns it looks like the bearish momentum will continue. Current price is 1.383 and the next strong support level is at 1.115.
short RNDR hard
🔥 RNDR Bearish Triangle TradeRNDR was great early in the year, but is losing it's gains in a quick manner. This trade is based on the idea that RNDR will give away most of it's 2023 gains and will move down towards the support level of the triangle.
To increase the risk-reward, I'm going for an aggressive entry at 1.44, stop just above the recent local high, target at the bottom support of the pattern.
