RNDR: Render BEST BUY ZonesRENDER is one of my top altcoin pics for 2024.🏆
It increased a generous 305% since the beginning of the year, and a new bullish cycle is likely next s soon as we hit the ideal re-accumulation zones where whales prefer to buy back.
A -77% retracement hit the next major demand zone, where I expect to see a decent bounce. Between this zone and the lower zone , I'd be looking to re-accumulate for a loner term hold position:
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BINANCE:RENDERUSDT
Rendertoken
Render Token / RNDRThe price of RNDR is $1.83 today with a 24hour trading volume of 180 million dollars. This represents a 4% price increase in the last 24 hours and a 333% price increase in the past 30 days!
Render token is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Backed by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT)
bulls broke 0.8, 1.2 and 1.6 resistance and ready to claim 2$. I got into rndr wen it has 220 million market-cap and here we are at half a billion dollar mc. as you see market is in correction phase which is normal and healthy so don't panic if you see couple of red candles after 300% pump
RNDR: Key Buy-Back Zones to WATCHRender has completed its bullish cycle and is now moving steeply into bearish phase. Now this does not mean I am not enthusiastic about RNDR - In fact, it was on my list of top AI coins to watch for 2024:
I also called for higher prices early on. And now, it's time for a pullback.
This is NOT a bad thing - it gives you a chance to buy back in at lower prices, in anticipation for the next rally! I've market two zones for each timeframe that I will be watching as potential zones for spot buys.
Don't miss yesterday's analysis on ETH:
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BINANCE:RNDRUSDT
RNDR: Pullback in UptrendTrade setup : Price is in an Uptrend. It broke out of a Channel Down pattern and reached $12.00 for +50% gain. Now we look for an entry in Uptrend. Pullback to $10 support could be a swing trade entry with +20% upside potential to $12.00 again. Stop Loss (SL) level at $9.20.
Pattern : Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $10.00, then $8.00. Nearest Resistance Zone is $12.00, then $13.80.
RNDR : BULLISH, Despite the Dip - Here's Why👇COINBASE:RENDERUSD
A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern.
Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the pattern.
From a technical chart analysis perspective; if you trade chart patterns you should be able to successfully take a long on the support zone. All considering, this will be a medium-risk trade:
Another confirmation from technical indicator, the green trendline is a potential wick zone (price on the right pane):
Falling perfectly in the center:
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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 Wave C SetupRNDR is currently ascending in a three-wave ABC structure, with wave A equaling wave C in target. The asset is now deep in the support zone, presenting a good opportunity to scale in for the upcoming wave C target of $25. It's advisable to begin scaling out early around $19, at the 0.786 level, rather than waiting for the precise target of $25.92.
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."
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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.
RENDER BUY NOW!! (Don't Miss Out!!!!)THIS IS IT. This is the dip we are looking for, as the bitcoin halving approaches, sell orders are being triggered before the big run up!! I wont be surprised if it came back down lower, so long as it does not hit the Swing Low I am confident this will breach ATH.
RENDER Long OPPORTUNITY!! LAST CHANCE!!Where price is @ currently, is a good position to buy and hold. You can pay yourself out a bit on each target profit marked. You should leave a bit more on the side for the long term run up.
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right Away you should pay yourself a little bit and continue on forward. Price will trick people to think it will DUMP, triggering sell stop on a "broken support" level, and make a run up, causing people to lose money and make the whales, institutions, etc, more money. This is currently at a discounted price level. These are key things to look out for: consolidation, manipulation, expansion.
Consolidate: Building up liquidity in a small range, in other words, make buy/sell stop orders to target where the money is.
Manipulation: Trigger stops, other words, make people believe we are heading in the direction retailers expect
Expansion: Expand to the opposite direct, in other words, take their money and go!
Render (RNDR) is setting up for upto 12.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair.
Previously we caught almost 70% pump of RNDR as below:
Now on a 4-hr time frame, RNDR is about to complete another bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
RNDR - Strong bullish Looking for a coin with momentum during this bullish season? RNDR has soared past all resistance zones and is well-positioned for reaching new highs. This trend indicates strong buyer confidence and could signal continued upward movement. Keep an eye on RNDR—it could be the coin to watch!
💻Render(RNDR)💻 can Fall ➖15%✅ Render(RNDR) is one of my favorite cryptocurrency projects .
🚀Earlier, when it was $0.45 , I shared a post with you that until now, RNDR has increased over 😱 ➕1500% 😱.
🏃♂️ RNDR is currently moving near 🟡 Potential Reversal Zone(PRZ)($9.24_$8.28) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect RNDR to form an Adam & Adam Double Top (AADT) Pattern and fall to the 🟢 Support zone($6.68-$6.37) 🟢 after breaking the uptrend line and neckline .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Render Analyze (RNDRUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Peaks, Then Plummets + AI Tokens Await NVIDIA ConferenceBitcoin Peaks, Then Plummets + AI Tokens Await NVIDIA Conference
Bitcoin has just hit a new all-time high, surpassing the previous record set in November 2021 by a couple hundred dollars on some exchanges (about $69,300). This could have been a ‘just for the hell of it’ accomplishment, because immediately after, selling pressure took it down ~6%, below $63,000. No sign right now of a bottoming.
Still, the consensus for Bitcoin (according to Binance users) moving forward is Bullish (35% bullish and 29% very bullish).
Another interesting story developing in the crypto space is that of AI-based tokens. Bullsih predictions for coins such as Render (RNDR), Fetch.AI (FET), SingularityNET (AGIX), and Akash Network (AKT) are building in the lead up to NVIDIA 2024 GTC conference. The NVIDIA conference, scheduled between March 18 and 21, will feature technical workshops on generative AI.
RNDR LONGThe render is bouncing off the support level and the ascending trendline. Bullish movement is expected to continue and reach the resistance at $8.18
RNDRUSDT Render breaking outRender long, upside breakout of a triangle pattern in an uptrend, wait for the retest.
Look to take profits at;
8.1449
8.8582
Caution, BTC is at an pinnacle point, a correction will see alt have big moves down invalidating upside movement. Do not over leverage, use a stop loss!
Render completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair.
Previously we caught a almost 111% pump of RNDR as below:
Now on a 2-hr time frame, RNDR has formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
RNDRUSD Expecting a technical pull-back.Render Token (RNDRUSD) gave us the bullish break-out we were looking for to buy on our last analysis (August 24 2023, see chart below) as the 1W MA50 comfortably held and provided the rebound that hit our Target:
The price had a strong rejection on the Diverging Higher Highs trend-line of the 1-year Channel Up since and is currently on the 1D MA50 (blue trend-line). The 1D RSI is replicating the June 2023 sequence so it is quite probable to get one last pull-back towards the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) Support Zone before a new rally. Target between 3.000 - 2.800.
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Render (RNDR) looks ready for a move - longI don't think Render wan't stop!
Stoch RSI (4h) raising.
Stoch RSI (D) at bottom
RNDR now crossing 20 (4h) moving average.
If we see a close above 4.7, I see continuation to local top, 10% potential move.
Set your stop loss based on your risk tolerance. In the chart 1.0 risk reward is highlighted.
Render Token Potential ShortKeep an eye on Render Token for a potential Short.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
RENDER TOKEN - RNDRUSDT IdeaHey Traders.. No Comment!!
BINANCE:RNDRUSDT
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
✅ Feel free to share your inquiries or suggestions in the comments. I am more than willing to assess and analyze any cryptocurrency, forex currency pair, or stock index that piques your interest, so, Please don't hesitate to ask or mention the specific currency chart you'd like me to review.