✴️ Render Token Moves Differently (Name Your Altcoin Analysis)Here we have a situation with Render Token, RNDRUSDT, this chart contains an anomaly.
Everything starts find, just as the rest of the Cryptocurrency market. A low/bottom June 2022 followed by a consolidation phase that leads to a bullish rally in early 2023.
The rally goes into February and then the first correction ends 10-March, this is true for most of the Altcoins and also where the similarities end.
While the rest of market went on to produce either a lower low compared to mid-March or go even lower than January and in some cases a new ATL, RNDRUSDT went the other way and continued to print higher highs.
Still, there was a correction that ended mid-June with a Doji and this is key, let me show you...
This pattern here is neutral, can go both ways as shown here:
The fact that RNDRUSDT corrections ended at the same time as the other pairs simply tells me that this one is stronger than others. And since the market is moving up, going bullish, we can expect a continuation rather than a correction, that's my guess based on the current information.
Guessing for traders doesn't work.
The bullish bias remains perfect, intact short and mid-term above EMA21 (1.81) and EMA50 (1.48), but if prices move and close below EMA50 weekly watch-out.
Any trading above these levels and we continue aiming up.
Namaste.
RNDRUSDT trade ideas
RNDR/USDT 4 H LongHello traders, I present you with a trading idea on a 4-hour chart with speculation on a long position, taking the retracement of the previous impulse.
RNDR let's see how this plays out on 1D chart
after long TA's this is my conclusion :P BYBIT:RNDRUSDT.P
Head and shoulder forming on RNDRBig head and shoulders forming on this coin that had a big run lately. If break down and retest is confirmed i would short it
RNDRUSDT at support and likely to head upThe price is once again at the hourlys support zone marked on the chart and also the entry for our yesterday trade. Once again the long is favorable from here and the price should bounce here towards the daily resistance DR1. Lets take a long here towards 2.24 target and extended target should be DR1 zone.
rndr could not break the resistance line, there is a possibilityrndr could not break the resistance line, there is a possibility of falling
There is a possibility of falling to the range of...
RNDRUSDT at hourly support, long favorable towards daily resist#RNDR #RNDRUSDT $rndr This one has reached to the level I was expecting since yesterday to have a very nice long trade. Finally it has arrived to the hourly support zone. We had discussed that the price may spike upto 2.35 or so before coming down below daily resistance DR1. And thats why we closed the major long trade at daily resistnace and sinxe then taken a couple of smaller trades in both sides. But now is the price at a level which provides better risk reward and favors a long for a good gain. Lets first target daily resistance zone and then we will see.
🏴☠️R N D R / U S D T 🐙RNDR SHORT POSSIBLITY
All on the chart Take a closer look to market with my account
Don't forget to boost this and follow my account
RNDRUSDT may head up to 2.35The price is trading at LTF support. The price broke through the daily resistance and moved upward but then came back down and currently trading inside the daily resistance zone. I think a long is favorable here towards 2.35 area.
RNDRUSDT may aim for daily resistance around 2.27-2.29Story is similar here. The price touched the 4h support zone 4HS1 marked on the chart and bounced from there. Along with BTC push, this also got a chance to move higher. This one is probably clearing its way for daily resistance DR1 which is around 2.27-2.29. The 4h resistance is in the way which may hold the price for a while, but I can see it aiming for the daily resistance DR1.
RNDRusdt good save channelrender is good poject for all time
for VR and Ar and Meta.
So, this project does not lose its value with new hypes, and with the news about Apple's cooperation with this company, we can hope to see how much it can grow by cooperating with the biggest company in the world.
Of course, there is still a possibility of correction, but it is a good project for long and medium term investment
This is not a financial offer, just an explanation for friends who requested it.
Good luck
EntryPoint:
2.162
2.127
Supports:
2.027
1.948
1.873
1.772
Resistance:
2.318
Targets:
2.487
2.747
3.120
Midtime:
3.668
3.990
4.504
HODL:
5.660
6.660
8.160
GL
Remember RNDR have chanse after break resistance point going to middle channel
GL
Render RNDRI think this is repeating history. The MA's are lining up. I'm holding none of these coins. JS
LONG
Buy Limit 2.0015 - 2.0100
Stop Loss: 1.93 ( 3.21% )
Targets :
1: 2.070 Sell 50%
2: 2.120 Sell 25%
3: 2.248 Sell The rest
Signal :
Fibonacci + Trendlines
Accuracy : good above 85%
Enjoy
#rndr long RR 10taking advantage of the bullish break that this currency had, we can go with this momentum, the truth is that the market is somewhat delicate but it gives us room to risk with very low stops.
#rndr short RR 3similar to #joe short RR 10
bad momentum, currently does not have large sales to the north unless it breaks the current pattern. we want to see a consolidation to the downside in this currency.
RNDRUSDT Below Resistance LineIn the past few months, we witnessed a strong upward movement in rndr, supported by an upward trend line. However, this trend line, marked in red on the chart, was broken a few days ago, and the price fell below the trend line.
Currently, the price is testing this trend line again, and there is a possibility of a stop-hunt following this break. However, considering the overall downtrend in the market, my opinion is that the price will fall again with this retest. The risk-to-reward ratio for me in this trade is not suitable, and I don't see a suitable place to set a stop-loss.
RNDRUSDT Bearish TrendScript shows bearish trend with no divergence and making consecutive LH's and LL's. Took a short entry at the LL. Will it hit both TPS's?
RNDRUSDT at 4h support, likely to head towards 4h resistanceThe price has hit the 4h support zone 4HS1 again after getting rejected from 4h resistance zone 4HR1. I think this offers an opportunity for a long trade. May cut the trade around 2.07 depending on the price action.
RNDR broke its upward trendline and completed the pullback ..RNDR has broken its upward trend line and completed the pullback, and in my opinion, it can have a suitable fall from here, and for the right time to buy, you must be patient until it reaches the golden range.
Its in the middle of the range, no confirmation for a deviation right now price in the middle of shoot up
no confirmation for the price is making a deviation or just want to push price higher
if pull back and enter the range its a clear short position ,
if push higher to a new range them its a better clear short position
either way its a short but at which level
all of it depends on price action sir.
RNDRUSDT at weekly support, long favorable from this levelSo finally the price has come to the weekly support which was long anticipated by us. As planned I have grabbed spot here. Will add to that if it dips into the support zone. Let see where we go from here.
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline.
Moreover, the zone 1.60 is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline.
As per my trading style:
As RNDR is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RNDRUSDT 4H MTCoin: RNDRUSDT Short
Leverage: Cross x10
Entry: 1.1775 - 1.866
Targets: 1.695 - 1.525 - 1.378 - 0.908
Stop loss: 1.958
