RNDR Falling Wedge BreakoutRNDR Technical Analysis Falling Wedge Breakout SL: 6.859RLongby mistasgwUpdated 2
RNDR 01/05/2024If price makes this level as a support we can expect to reach higher prices but we are currently at premium level. If we lose the previous low, this can bring us the discount level. We have OTE+old high level. If we pass the previous high then up.RLongby GambittsVan0
RDNR Short SetupRNDR has breached its main support level on the daily chart, and this support has now become resistance. Given this technical shift, a downward trend is anticipated. Investors are advised to apply proper risk management strategies. Consider entering short positions when the price reaches the designated blue zone. RShortby Lamassu_TradeUpdated 1
RNDR longRNDR broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 10.5 is expected to happen.RLongby Cryptobees_buzz8
$RNDR #RNDR #RNDRUSDT 22/04/2024 RNDR is consolidating at the moment. We are above the weekly open levels and if we pass the MO level then we can expect higher prices. In big picture, we broke all time high and consolidating above it which is nice. We should expect to trend go up RLongby GambittsVan0
#RNDR/USDT is currently testing the resistance level of a symmet#RNDR/USDT is currently testing the resistance level of a symmetrical triangle pattern on the 4-hour timeframe💁♂️ In the event of a successful breakout, CRYPTOCAP:RNDR price could potentially increase by 50-60%✈️RLongby CryptoSkullSignal1
H4 trend: how to trade itA small tutorial on how to use EMAs for gauging trend and relative strength EMAs used white: Daily EMA 100 green: H4 EMA 200 dark green: H4 EMA 100 Some simple principles: What a 100MA does, is show you the average closing price of the last 100 candles of trading. This means that if price is trading below the 100MA, we can see it as a majority of buyers being underwater. In reality, it isn't that simple of course: we need to consider the amount of volume that was traded during each candle and inside those candles, but it helps me visualise the importance of these "magical lines". EMA changes the formula so that more recent price action is weighted heavier than less recent price action. I found that it works better for my purposes, as it's more likely that somebody who bought yesterday will be impacted by price movements than somebody who has been in the position for 99 days (again: very simplistic example to make it easier to understand for me). Because both MA and EMA are lagging indicators, I use H4 EMA to gauge daily trend, D1 EMA to gauge weekly trend, etc. Trading H4 EMA As long as price keeps bouncing at H4 trend, it's easy: buy at trend, sell at x% deviation or TA target levels. The interesting part is when H4 trend is broken: Often we look for a few candle closes below trend to validate the trend break Underside rejection of the H4 EMA 200 confirms the idea From there, I keep my eyes on D1 EMA 100, expecting the gap between those two levels to be filled From here the assumption is that price will chop or range between those two EMAs. This works best in confluence with horizontal s/r levels, and personally I prefer using a volume profile as well. When price starts reclaiming H4 EMAs, we can look at H1 timeframe to look for signs of price respecting H1 trend, which will then cause H4 to trend again etc. If price keeps chopping around H1 and H4 EMAs, the assumption is that we are trading a range and I'll be quicker to take profits. If price starts losing or chopping around D1 EMA 100, or constantly rejecting at H4 EMA resistance, we need to flip our mindset to trading a downtrend instead of uptrend. To conclude Of course this is all mostly a system to gauge strength of particular assets and get an idea of the bigger picture. If I see BTC is trending down, I will avoid looking for longs and buying dips, but will instead look to short into H4 EMA. All of this in confluence with price action and other signals you might use. REducationby Tealstreet7
📊 In-Depth Technical Analysis - Rndr 📊🔍Diving into today's analysis, we find ourselves amidst the aftermath of the recent Bitcoin halving event, where miners are now receiving half of their previous rewards. As the broader market takes a breather, exhibiting signs of consolidation, it's evident that the current landscape doesn't quite cater to the dynamics of day trading. Hence, shifting our focus to a higher timeframe, we delve into the daily chart to dissect the intricacies of Rndr's technical outlook. 🚀 Project Overview: Rndr stands out as a premier cryptocurrency project, recognized for its practical implementation of metaverse concepts. More importantly, the project is actively progressing, with ongoing developments outlined in its whitepaper, offering tangible services for its users. 📈 Chart Analysis: After a notable uptrend from $4 to $12, Rndr initiated a corrective phase, retracing to around $7.633. Presently, amidst a period of market stabilization reminiscent of Bitcoin's behavior, Rndr has settled into a consolidation phase, indicating a temporary balance between buyers and sellers. 📊 Volume Insight: Analyzing recent candlesticks, it's apparent that red candles dominate in terms of volume, signaling a phase of market consolidation. While a reduction in volume often accompanies price relaxation, it also suggests a period of subdued market sentiment, characterized by decreased trading activity. 🔄 Fibonacci Retracement Analysis: A notable observation is the Fibonacci retracement from the previous upward wave, which suggests a pullback to the 0.5 level, indicating a phase of consolidation. Should a breakout occur, the potential target could be the previous high at $12.603. Conversely, a reversal from this level could signify a bearish trend reversal. 📉 SMA Evaluation: Of particular interest is the SMA99, currently intersecting with the price action. This convergence may signify a significant market influence, potentially laying the groundwork for a renewed bullish trend. 🎯 Conclusion: Taking into account all essential parameters, the analysis underscores the presence of a robust Potential Reversal Zone (PRZ) within the current price range, presenting an opportune entry point for spot traders. Furthermore, the ongoing high wave cycle serves as an additional catalyst, bolstering the potential for an upward trajectory. Stay tuned for further insights as the market unfolds!RLongby itsparham967
RNDR/USDT showing a bounce, potential will back to upward!💎 Paradisers, the recent market dynamics surrounding #RNDR have indeed been noteworthy. 💎 Currently, RNDR is rebounding from the Bullish OB area, indicating a positive sentiment in the market. There's potential for RNDR to test the resistance trendline of the falling wedge pattern. 💎 If RNDR successfully breaks above this pattern, it could signify a continuation of the upward movement, potentially reaching our target Bearish OB area. 💎 However, if RNDR fails to break out of the falling wedge pattern and faces rejection at the resistance trendline, there's a possibility of a downward movement, revisiting the Bullish OB to establish new momentum. 💎 RNDR must bounce back from the Bullish OB area. A breakdown below this level could indicate further downside potential, potentially leading RNDR towards the support area or even lower levels. MyCryptoParadise iFeel the success🌴Rby MyCryptoParadise_Nathan13
RNDR BULLISH LONG IDEAS RNDR last bottom zone is $ 6 for me and I think I will buy from there if it falls. I think these two scenarios will develop, stay tuned. fibonacci levels are very important. RLongby traderlandaUpdated 2
RNDR momentumRNDR one of the higher momentum tokens over the last year had a major sell off and wicked to my downside target which is the prior cycle high. RNDR reaches for the momentum trend (teal line) on this reversal. I updated a fib extension and I wouldnt be surprised to see 9$ soon. The BTC halving is very close and we should see some BTC stabilization above 60k although brief moments below are possible. -My next profit take is 20$ -Then 40$ I will sell most of my position and leave a small moon bagRLongby Apollo_21mil0
RNDR/USDT bullish horizons from demand? 👀🚀RNDR analysis💎 Paradisers, let’s focus on #RNDRUSDT. It’s currently positioned within a demand zone and approaching key resistance at $8.284. If the price manages to break above this level, we can anticipate a strong bullish move. 💎 In our previous observations, CRYPTOCAP:RNDR has consistently followed a descending trendline, respecting it twice. With the current assessment near the key resistance of $8.284, there’s a high probability that the price will break through this level, especially considering it’s also trading within the demand zone, further strengthening the bullish scenario. 💎 However, a word of caution: if the price of #RNDR fails to maintain its momentum within the demand zone and dips below, we anticipate a bullish rebound from the lower Bullish Order Block level at $5.962. Thanks to ample liquidity, breaking below this level could cause a significant downward move1. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights MyCryptoParadise iFeel the success🌴 RLongby MyCryptoParadise_Simon7
RNDR Price Surge Alert! 📈 - Your Path to Wealth Starts Here**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.RLongby MoonTradingForecast5
RNDR: wait for confirmation📊Analysis by AhmadArz: 🔍Entry: 7.792 - 7.237 🛑Stop Loss: 6.420 🎯Take Profit: 8.736 -9.743 -10.761 -11.915 -12.590 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!RLongby ahmadarzUpdated 3312
RNDRUSDT(Render Token) Daily tf Range Updated till 15-04-24RNDRUSDT(Render Token) Daily timeframe range. compare to other alts and market plunge. its holding not bad. need to break 10.014 to reclaim older zone above that is price discovery. breaking 6.764 will led it to 3.651.Rby cryptoforever10
RNDR/USDT planning for bullish move? 👀 🚀 RNDR Today analysis💎 Paradisers, let’s delve into the #RNDRUSDT analysis! An intriguing shift has occurred as it breaks free from its descending channel, setting the stage for an exciting potential bullish surge. 💎 Over an extended period, #RNDR has meticulously traced the contours of a descending channel. Currently, the price is testing a critical support level at $7.947. Our confidence in its ability to embark on a bullish trajectory remains steadfast, challenging the overhead resistance. 💎 However, prudent preparation is crucial: should the price dip below the pivotal support zone, we may witness a pronounced bearish downturn. In such a scenario, our focus shifts to anticipating a bullish rebound from the lower support level at $6.541. 💎 Remember to employ sound trading strategies and implement proper stop-loss measures! Stay vigilant, monitor market movements, and eagerly await further insights. MyCryptoParadise iFeel the success🌴 RLongby MyCryptoParadise5
Long Trade Position RNDRUSDTTest your analytical skills in the tradingview simulator with virtual money to become a professional. In spot trading, I will specify the entry points, loss limit and profit limit for you! The conditions for entering the trade and our strategy are as follows, when you notice that the market trend is increasing and at least two green candles close above the entry point in fifteen minutes, you can enter the trade from the beginning of the third green candle. Be patient and don't rush to enter! After the price reaches the first target, move your stop loss below the first profit limit so that if the price reverses, your trade will be closed with profit. Repeat the above strategy to continue the price targets shown on the chart. If the price reaches or falls below our loss limit before the above condition, entering this transaction is invalid because it must be re-analyzed and the new entry, loss and profit limits must be determined. Note that the market trend is formed with clever tricks by the market maker, so even the most powerful analyzes may be invalidated. The only thing we can do is to surf the waves and stick to our strategy so that while taking care of our capital, Let's make a profit. These exercises will make you experience profit and loss with virtual money in the real market and improve your analysis and personal strategy. Know your fear and greed and gradually control them so that your business becomes profitable and you suffer less loss.RLongby imhashemi2
$RNDR CRYPTOCAP:RNDR PRZ at 6.77 hit, wicks formed, consolidation expected, might also see further downside. had some longshot buy limits on several cryptos that i didn't really expect to be hit coz everyone's just too bullish... RLongby gmajor23230
RNDR (Y24.P1.E1).MACRO targetsHi Traders, Lets see at the end of this bull run, how accurate was this forecast. I would not put much weight on what I'm doing here as its for my interest only to see later on what worked and what didn't in terms of using fibonacci and some assumptions. The minimum I expect is BASE 3 for a parabolic chart, and Base 4 stage would be mega bullish. **** IF HOWEVER we get it perfect, not to say I will, then it makes a great case to short the level I said it might reach. Other charts of a similar nature can be found, like FTM All the best, S.SAri Rby ssariUpdated 1114
RNDR 12/04/2024Patience is the key, RNDR has entered the levels that we anticipated. Now we need to start buying. There is one important thing, 7.945 was our all time high. If go lower from this level it might trigger the deviation since this chart is a bigrangeRLongby GambittsVan0
RNDR LONG SETUPCRYPTOCAP:RNDR play when we take back SSL as support... Patience... #trading @rendernetworkRLongby PA_Koala_C332
rndrSupport and press the rocket to cheer me up Observe the ten percent loss limit Stay away from Bitcoins Feel free to buy and sell and post your commentsRShortby imenbroker2
Render Double BottomRender Double Bottom. Bouncing off resistance. Price target previous ATH 53% up. Could take a few weeks to play out.RLongby Skalpr_241