RNDRUSDT trade ideas
RNDR EXTENDED BEARISH MOVEMENTHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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RNDR STILL BEARISH!
As we can see price is still overall bearish trading inside this clean channel
Price making clean lower lows and lower lows as well!
However, as the price will be approaching our lower support zone lining up with our lower bound of the channel.
Then we will be looking for new longs on RNDR.
Unless price managed to test our falling trendline, then we will be looking for new bearish movements as a trend-following setup.
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and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Render Token RNDRUSDT Price Analysis (12h)🌟 Greetings, fellow traders and investors! 📊💹 Let's dive into our detailed analysis of Render Token (RNDRUSDT)!
Currently, RNDRUSDT is exhibiting a consolidation phase within two significant bearish structures: the Rising Wedge and the Head and Shoulders pattern. These patterns often indicate an impending downward movement in the coming weeks, making it a crucial time for traders to be attentive to potential market trends.
📉 Rising Wedge: This pattern is characterized by a contracting price range between upward sloping support and resistance lines. As the price continuously narrows within this wedge, it suggests that a breakout to the downside is likely on the horizon.
👤 Head and Shoulders: The formation of the Head and Shoulders pattern indicates a potential reversal in the price trend. It comprises a higher peak (head) flanked by two lower peaks (shoulders), with the neckline acting as a critical support level. A decisive breakdown below the neckline often signals a bearish move.
🎯 Price Targets: Based on our analysis, we have identified potential targets determined by the height of the Head and Shoulders pattern and the Rising Wedge. These targets are located within the support zone of $1.27 - $0.95. Traders should closely monitor price movements and be prepared to act accordingly to capitalize on potential profit opportunities during this phase.
It's essential to exercise caution and apply robust risk management strategies while navigating these bearish structures. Always stay informed, monitor market conditions, and consider various indicators to support your trading decisions.
As always, we'll keep a watchful eye on RNDRUSDT's developments and provide timely updates to guide your trading journey. Wishing you fruitful trades and successful market endeavors! 🚀📈✨
RNDR/USDT | 4h 👀📈 The price must trade below the gap and touch the demand zone to push the price upward.
📉 Price must show a slow downtrend movement as an indicator for me that buyers on this area is weak.
✅ Stay updated on market news and developments that may influence the price of The Render Network. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Cryptocurrency #Crypto #Coins #Altcoins #Finance #Trading #RNDR #Cryptomarket #RNDRUSDT #Futuresr
RNDR ready and prepared for a runRNDR looks healthy breakout, targeting the first green line in the near future
RNDRPossible scenario on 1 day time frame, we still have to consider btc bounce in order to achive the targets.
RNDRThe red line is very imp if the candle 4h closed under red line we Expectation can open sell position
RNDR longthe price must trade below the gap and touch the demand zone to push
the price upward. price must show a slow downtrend movement as an indicator
for me that sellers on this area is weak.
RNDR/USDT(Another Bull Rally?!!)RNDR was at the top 10 gainers of all the recent ALTs rally. As there is a big chance of BTC dominance correction so we can expect a ALTs rally soon if BTC doesn't move negetively.
From the chart we can see the price has already touched the LOWER trend line. If it doesn't breakdown the line we can aim the price to UPPER trend line or the resistance zone of 3.043 level. Also the RSI is making a trend line. So, its a good idea to have some buyings here. But its a bit long term scenario.
RED & GREEN lines are indicating RESISTANCE and SUPPORT zones.
BE PATIENT
BE SAFE.
RNDRUSDT Long!!! The red rectangle shows a recurring resistance level. And the Bullish Pennant that just formed on the Daily chart indicates that there is nearly a 60% chance of it to go the end of the yellow line.
The RSI is also indicating that there is enough room for it to move up before being OVERBOUGHT.
This obviously is NOT a financial advice.
rndr shorting in clear traingle am shorting rndrusdt.p
entry piont 1.9957
stop loss 2.1002
take profit 1.7216
reward ratio 2.62
risk depends on your wallet and how you divine it
RNDRUSDT is testing the 2$ areaRNDRUSDT is approaching the dynamic daily resistance level situated around $2. This price level holds psychological significance for traders and investors.
In technical analysis, when a price approaches a resistance level, market participants closely observe the behavior to determine if a breakout is imminent. Should the price of RNDRUSDT successfully surpass the $2 resistance level and establish it as a new support level, it would indicate a significant shift in market sentiment.
According to Plancton's Rules, if the price of RNDRUSDT convincingly breaks above the $2 resistance level and successfully retests it as a new support level, it may present a favorable opportunity for long positions. This means traders would potentially consider entering new long positions, expecting further upward movement in the price.
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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 🦐
RNDRUSD ❕ descending wedgeTrading volumes declined.
The price has formed and continues to move in a descending wedge.
The asset will start rebounding after fixing above the resistance level.
RNDR - LOOKS BULLISH (SOON)Formed Bullish Pennant in case of Breakout Expecting 80 - 85% Bullish MOVE
RNDRUSDTIn case of breaking the trend line in any direction of the position
Wait for confirmation
Please observe the capital management
Rndr Breaking Bullish Pennant Seems Like getting Ready For Another Bullish Impulse Formed & breaking Bullish Pennant Incase Of Successful Breakout Expecting 80 to 85% bullish Rally
long RNDRCRYPTOCAP:RNDR broke through the resistance level. Bullish movement to $2.0 is expected to happen
🔥 RNDR Bullish Channel Reversal With Massive Risk-Reward RNDR is one of the better performing alts of 2023, hence my patience for the token to look for optimal reversal points.
As of today, RNDR has successfully confirmed a potential reversal from the bottom support. This trade is based on the idea that the bottom is in and that the price will reverse back towards the top of the channel.
Target at 3.50, or the top resistance, whichever comes first. Stop below the recent low. Combines, this gives us a very decent R/R of almost 13. Also note that the top resistance is an exact copy of the bottom support.
Render Ready For A 50% Cut?As the market begins to show signs of weakness at macro resistance a lot of assets are looking at a possible retrace if BTC fails to brake above 32k.
Looking at the daily close line chart of Render a 50% cut brings price right into typical technical levels for a macro "bullish retrace".
So far we can see that the long running up trend has broken to the down side and if it fails to reclaim it soon a 50% becomes a more likely reality.
Looking at the money flow on wave trend indicators we can also bearish divergence forming as price put in a higher while the money flow is putting in a lower high.
RNDR Finally Breaking Out?A few days ago, I conducted an analysis of the Render currency and said that the currency had reached the support area, and investors started buying
you can check idea in profile
targets
2.1$
stop lose
1.84
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RNDR could be moving downI'm in short on RNDR, and I'm looking for that red support at 1.788. My TP is just shy of it at 1.791... The support zone below it might touch as well, but not before a bounce at the first one in my opinion. I'll re-evaluate at that time if I want to enter another short. This is not advice.
