#RENDER / Ready to go up#RENDER
The price is moving in a descending channel on the 12-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.20
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 5.57
First target 6.43
Second target 7.31
Third target 8.18
Rendersignals
#RENDE(SPOT) entry range( 4.45- 5.45) T.(10.299) SL(4.439)BINANCE:RENDERUSDT
entry range ( 4.45- 5.45)
Target (10.299)
SL .1D close below (4.439)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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RENDERUSD Bottom accumulation almost over. Don't miss this buy.Render (RENDERUSD) has been consolidating within the 1W MA50 (blue trend-line) and 1W MA100 (green trend-line) for 3 months (since the week of July 29). This is the technical accumulation pattern that the token has gone through on every market bottom (green arc) in the past two years.
The 1W RSI has broken and been trading above its MA trend-line for the past 6 weeks, which is the first bullish sign and an indication that the current accumulation is almost over (similar to previous two bottom formations).
As a result, we expect an aggressive bullish break-out soon, the 3rd major rally towards the 2-year Higher Highs trend-line. Our Target is at least $45.00 (+300% more than the previous one).
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RENDER target 7.444h time frame
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Entry: $4.8
TP: $7.44
SL: $4.11
RR: 3.74
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(1) Potential rounding bottom on 1h
(2) Getting support twice at Fib projection 0.382
(3) Depend on time and space analysis, it might go over $7 before October
(4) Fib projection 1.13~1.272 is the target range around $7~$7.45
(5) Stop loss once going below $4.11