#RENDER Technical Analysis in a Daily Timeframe
Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
RENDER is facing resistance at the 50 EMA, and to continue its rebound, it must break above this level.
The price is gaining strong momentum, and as long as RENDER maintains the support trendline, we can expect the rally to continue.
If a rejection occurs, the lower support could present a good entry range for RENDER.
Key levels:
- Primary Resistance: $5.427.
- Initial Target: $8.02
- Primary Support: $4.09.
- Lower Support/Good Entry: $3.38.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
RENDER is facing resistance at the 50 EMA, and to continue its rebound, it must break above this level.
The price is gaining strong momentum, and as long as RENDER maintains the support trendline, we can expect the rally to continue.
If a rejection occurs, the lower support could present a good entry range for RENDER.
Key levels:
- Primary Resistance: $5.427.
- Initial Target: $8.02
- Primary Support: $4.09.
- Lower Support/Good Entry: $3.38.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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