Short RNDRRNDR has just broken the descending channel and also the MA 200D.
Retest is on-going but in accordance to BTC's view in short-term (see link below), it's unlikely that this is a false break-out. Rejection by the lower trendline would happen, in my opinion.
As a result, a short setup is proposed as in chart.
RNDRUSDT trade ideas
RNDRUSDT wants the new liquidity?Testing Daily Resistance: The current market situation involves RNDRUSDT testing a resistance level on the daily timeframe. Resistance levels are historical price levels where selling interest has previously emerged, potentially hindering the price from rising further.
Anticipating a New Bearish Impulse: The analysis suggests an expectation of a new bearish impulse following the current test of the daily resistance. A bearish impulse implies a potential downward movement in the price.
Next Target at $1.4: Based on your analysis, the subsequent price target could be around the $1.4 area. This target is derived from technical analysis and might be influenced by historical price action or specific support and resistance levels.
According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
#RNDR/USDT 1D (Bybit) Rising wedge breakdown and retestRender Token pulled back to 50MA resistance and could push a bit higher before resuming the retracement down to 200MA support.
⚡️⚡️ #RNDR/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.2X)
Amount: 5.0%
Current Price:
2.27450
Entry Zone:
2.29510 - 2.52750
Take-Profit Targets:
1) 1.89170
2) 1.50035
3) 1.10905
Stop Targets:
1) 2.84610
Published By: @Zblaba
CRYPTOCAP:RNDR #RNDRUSDT #Render #AI #BigData #GPU #Web3
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.4% | +83.1% | +118.8%
Possible Loss= -39.7%
Estimated Gaintime= 1-2 months
rendertoken.com
RNDRUSDT at monthly support and the support likely to holdThe price has hit the monthly support zone. It has bounced from there but a revisit possibility to that zone cannnot be denied. However, this is a high time frame support and shall hold on monthly basis and therefore offers long opportunity. The first resistance that would be faced by the price in case of upward move is the weekly resistance sitting around 1.63-1.72.
RENDER/USDTWith the price reaching the floor of the ascending channel, it seems that we have reached a suitable price range for buying. Considering the loss limit, the short-term goals included in the analysis will be achievable. DYOR
RNDR LOOKS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RNDR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RNDR 4H Long OpportunityRNDR 4H has broken Market Structure. Price can retrace to Breaker block
OTE Entry - 1.6845
DCA - 1.6757, 1.6648
SL - 1.6364
TP - 1.8013
Note - Please DYOR. This trade is for journaling purpose only.
RNDR/USDT is Building Momentum for Next Rally
💎 On the 1D timeframe, RNDR is sketching an optimistic scenario, suggesting a potential bullish surge.
💎 The MACD is tilting towards a bullish divergence, signaling a possible upward shift following the consolidation breakout.
💎 A retrospective glance reveals the price took a downturn after establishing equal highs. Moreover, the shift from demand to supply further intensified the bearish pace.
💎 There's a clear untouched supply and bearish territory. It seems likely that RNDR will target this area for equilibrium in the near future. However, if the price slips past the support zone, brace for a potential drop.
💎 In the dynamic realm of crypto, staying informed is essential. Keep an eye out for further insights and relish your trading adventure.
Reversed, Time to BuyChart 4H TF
After bounced back from the support, Render Token BINANCE:RNDRUSDT is trading at 1.735 now and moving up to the resistance
Right now, RNDR is in the ascending channel acts support
Can trade on lower timeframes
Wait and see next move
RNDRUSDT SHORT 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
Breakdown the support | Short BiasDaily Chart
BINANCE:RNDRUSDT has broken down the support and now it's retesting to drop again.
Render Token has the support at lower line of ascending channel.
So wait for rejecting and short
RNDR/USDTfalling wedge pattern, really starting to compress here. I have a decent bag of this project, expecting a nice pump!
Render shortRender bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 1.54 is expected to happen.
Bearish trend INCOMINGaccording to my analyse and research, Render will enter downtrend after pumping more than 500% from the beginning of 2023.
#rndr #bitcoin #render #crypto
$RNDR, April lows next? $RNDR
At the edge of a new big potential drop after the top back in May
Falling from here and we may see April lows next (1.25$)
UCTS 2D Sell signal as trigger of the short position, 20% up in profit so far.
LONG RNDR SPOTLooks like rndr going to pump as hell. Next monthly candle soon and I think we gonna play it out. Spot cause the SL would be the base line so around break of 1.66. If we would somehow got there I'm opening position with leverage cause it would be less risk
RNDR: Descending Triangle BreakoutTrade setup : Bearish breakout from Descending Triangle pattern, below $1.70 Triangle support level, which confirms downtrend with downside risk to $1.00.
Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will typically occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.70, which it broke, then $1.00. The nearest Resistance Zone is $2.50, then $2.90.
RNDRUSDT SHORT⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Don't forget to like and comment
RNDR Daily ( Bullish Scenario ) In the daily timeframe, #RNDR has reached a very favorable range ( 1.64 to 1.60 ). For spot buying , we can consider taking a buying position in this zone, while keeping capital management in mind.
Pulling back to 1.8x | Short BiasRender Token BINANCE:RNDRUSDT has broken down the ascending trend line and pulling back now
It's trading at 1.80x
RNDR has a resistance around 1.88x and can short at that level
Wait for a confirmation around there to open position
$RNDRclose above here its good to go up
reclaim of previous key support is....
stoch looks bottomed so assuming we flip blue line above either way hopped on and will review then
IF we nuke $1.4 bid
Trying to find confluence on the chartUsing Wyckoff concepts and Elliots.
With Wyckoff, having another spring and liquidity grab is important, with Elliot, its can get to 50% fib and rally.
RNDR Mid-Long Term PlanLong ass range isn't it?
Just an idea on how things could play out.
If we get acceptance back into the range I wouldn't put it past a bullish dildo to mid point of the range.
If BTC pushes up above 31k, wouldn't be surprised if RNDR hit the Top of the range.
Pros:
1. AI narrative still going around
2. Popular amongst CT
3.Everyone wants to short this, so easy to hit short squeezes due hype.
Cons:
1. Shitcoin
2. Narrative pump
3. If the point is to rent out GPU computing power, then why do you need a token?
(Sounds like something that will have heavy sell pressure, once the narrative dies out)
NB! invalidation is clear, which is why you should be careful for a SL hunt.
