RNDRUSDT 1W#RNDR chart looks promising. It has bounced from the neckline of the rounding bottom pattern on the weekly chart. Targets are:
$12.540
$14.020
$16.128
$18.812
Supports are:
$9.228
$7.945
Bitcoin can ruin the party at any moment. So use tight stop-loss on all of your trades.
RNDRUSDT trade ideas
#RNDR/USDT is forming the Rising Wedge Pattern in 4-Hour TF!#RNDR/USDT is forming the Rising Wedge Pattern in 4-Hour TF!
I'm looking for a short position here. I'm expecting a bearish scenario from here. The major resistance level is PMH $11.6.
How I got a 30+x on RNDRThis token was initially called out by my colleague. After some research I did add a small position around 40 cents. I then threw the majority of my position around 1.2$. With the AI hype we thought it would be smart to try to latch on to an existing Ai focused token, we went with RNDR. With the plan to move to a faster chain, existing infrastructure in graphics cards all around the world, and an existing product in Octane we were bullish. Once we started our position we let TA take over and added on major fib levels until new all-time-highs.
-I did sell 10% of my position at 9$
-I will sell 25% of my remaining position at 18$
-I will sell remaining 75% of tokens at 40$
-I will leave a moonbag incase this thing takes off
RNDR PriceThe Render (RNDR) token price noticed a gigantic up move and noted sharp pump activity this week.
Render Testing ResistanceRender Testing Resistance. Possible retest of previous support before breaking major resistance.
First Price Target previous high $14. Last chance to accumulate on retest.
long RNDRRender broke through the descending trendline and the resistance level. The bullish movement to a local high of $13.5 is expected to happen.
DAYTRADE - RR 4:1 - ORDERBLOCK OF A FAILED CHoCH Speak TRADERS, I bring you a day trade option in the RNDR USDT Crypto.
I've posted trades of this type here on my profile before, and they are usually very interesting due to the risk and reward they provide.
LOGIC BEHIND THE TRADE
This is a change of character that occurred in the early hours of today where the price showed interest in cheaper prices but did not go down and continued to rise further.
That region leaves us with a strong OrderBlock as it has been cleaned of sellers.
As soon as the price enters that region, the greatest probability is that it will rise sharply, as there will be an imbalance between buyers and sellers.
I advise entering these operations at the block limit as we could be left out of the trade if it only touches and then goes up.
So place your limit buy orders in the region of 10.2768
with the stop loss below the order block region and with the takeprofit at least 4 times the risk.
Let's see how the market will react!
RNDR.USDTFor RNDR.USDT i expect this path of movement. after mitigation of 15m OB, and confirmation in 1m TF, i expect pushing downward. break even point is illustrated on the chart
Render RNDR price shows strong movementIf we look at the chart of #RNDRUSDT on the daily timeframe, we can see that in recent months, the ‘buyer’ has been aggressively active in the $6-8 range.
Currently, CRYPTOCAP:RNDR is trading in the $10 range, but to be completely convinced of the serious intentions of buyers, I would like to see an aggressive defense of $7.70-8
📝Higher trading volumes in this range, ‘shadows’ on the candles from below, aggressive bounces upwards - all this will indicate that #Render buyers are not planning to let the price go lower.
And this, in turn, will be a good signal to buy the asset with a holding target in the medium to long term.
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RNDR 05/05/2024We have bounced from our current level. I want price to stay above blue line above to reach our target level. So far AI coins reaction are pretty powerful. Do not forget to accumulate these for the next run.
RNDR AT the key level right now watch. RNDR AT the key level right now watch it closely for bakeout opportunity OR short
Make sure wait for confirmation
RNDR - NO CONTEXT
I am thinking BINANCE:RNDRUSDT still have one more high to make and now is the time to ape. The invalidation level clearly rules this out so keep note.
Will upload the overall context to this later, just don't want you to miss out on any of what I have prepared in store for you all.
OTHER ANALYSIS
Quick Bitcoin Update - 5 May 2024Hello Traders,
This is quick update on itcoin , Ethereum and Alt Coins. Also suggested to keep an eye on new coins
Another first here in crypto land...Read on my friends..... We don't aim for the stars here, we are the stars ! Yes, ladies and gentlemen and members of the jury, you are witnessing the genesis of the world's first crypto comic book, TV and feature film right before your very eyes. I say "Stand back and be amazed" my friends. Immorality has arrived and it is in the form of RENDER. Data and compute is the new oil and we are rendering it , as if we owned it.
RNDR will steal your bike, eat your school lunch, relieve you of your pocket change and steal your girlfriend all while you are standing there like a deer in the headlights of a Ford F-10 while he cranks up Adele's new album and rips towards the moon.
RNDR ain't perfect, but he's got the right idea. He knows data and compute are the new oil and he's aiming for the slickest algo and compute that can suck the brass off a trailer hitch. When you start stacking that much hardware, all running the "N" chip, all I can say is "Stand back and be amazed"
"Render onto Caesar, what is Caeser's" takes on a whole new meaning my young unwashed rube.
So lets watch the numbers shall we. They will be numbers that you have never even heard of and speeds that are beyond comprehension. but for those who can understand this, you know where the future is going and you have a ticket on that train. The other's, well they will farm root vegetables.
Embrace the future today, before it eats you for breakfast tomorrow.
Enjoy the show.
Dr. Render. Episode 1
RNDR back to momentumRNDR wicked perfectly to my downside target which was the prior cycle high. A strong reversal is noted and almost back to the momentum trend line. The weekly stockastic RSI is starting to point upwards signaling a macro reversal. I still plan to hold my bags until 20$ and sell 25% there. We still need to retake the green fib which is about 11.5$.
SHORT RNDUSDT DAYTRADE IDEIA 04/05/24Its possible just a pullback but we can take advantage and earn a good risk reward.
We already see a divergence in the RSI and we are in a liquidity zone in the 15 minutes, I advise entering the trade on the 5 min charts, we need confirmation of the CHoCH and the position in the test region.
Let's wait and see the market's reaction.
RNDRUSDT: Bearish Triangle Looms, But Will Sentiment Prevail?The RNDRUSDT chart on the daily timeframe presents an interesting technical conundrum. A bearish triangle pattern has emerged, traditionally a signal of a potential price decline. However, the current market climate is heavily influenced by sentiment, making technical analysis somewhat less reliable. Let's delve deeper.
The Bearish Triangle:
Triangle patterns can be tricky. They can indicate either a breakout (price surging past the pattern) or a breakdown (price falling below the support line). In this case, the bearish triangle on the RNDRUSDT chart suggests a downward move might be in the cards. The converging trendlines act as a squeeze, potentially leading to a price breakout towards the bottom of the triangle.
The Sentiment Factor:
However, the current market environment throws a wrench into the technical analysis. Right now, sentiment often trumps technical indicators. News events, social media buzz, and overall investor confidence can significantly impact price movements. This makes it difficult to rely solely on the bearish triangle pattern to predict a price drop for RNDRUSDT.
So, What Now?
Here are some approaches to consider:
Cautious Approach: Acknowledge the bearish triangle pattern, but recognize the influence of sentiment. Wait for confirmation of a breakdown (price closing decisively below the support line) before entering a short trade (betting on the price to go down).
Focus on Confirmation: Look for additional technical indicators supporting the bearish outlook. This could include increased volume during a breakdown, confirmation from other indicators like RSI reaching oversold territory, or bearish candlestick patterns appearing at the support line.
Alternative Scenarios: Don't discount the possibility of a false breakdown or a breakout from the triangle in the opposite direction (upwards). Monitor the market closely and be prepared to adjust your strategy accordingly.
Remember: Technical analysis is a valuable tool, but it's not a crystal ball. Always consider market sentiment and other factors before making any trading decisions.
Join the Discussion!
Do you think the bearish triangle on the RNDRUSDT chart will hold true, or will sentiment continue to dictate the market? Share your thoughts and technical analysis insights in the comments below!
RNDRUSDT.PHello Trader BINANCE:RNDRUSDT.P
valid ihns pattern area. not retest and continue again. for limit entry, you can enter the area 7.8752 - 7.9694
take profit 14%
stop loss 3%
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Disclamer: Not Financial Advice
