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.
Rendertoken
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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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.
Render (RNDR) Price Correlated to Bitcoin Surge
The price chart for Render shows a sustained upward trajectory, with the asset increasing in value by 200% over the past three months. RNDR's performance has been partly influenced by its correlation with Bitcoin, contributing to a 131% rise since October 16.
As of now, RNDR is fluctuating between a support level of $3.5 and a resistance zone ranging from $3.86 to $4.00. The most likely scenario is a continuation of this upward trend, potentially reaching a new yearly high. In the near term, Render could test and potentially surpass the $4.2 level, further validating the buying momentum.
Should there be a short-term decrease, RNDR might approach the support area between $3.2 and $3.4 and test the $3 mark. A transition to a downtrend could be on the horizon if the RNDR price firmly settles below $2.2.
RNDR is getting ready for a big moveRNDR is setting up multi time frame squeezes and getting ready for an explosive move. I'm accumulating during any pull backs to $2.90 to 3.20 level.
This is a weekly chart so it will take a few months to play out. My first target is $5.74 and my second take profit target is $13. This is not a financial advice. I'm just sharing what I'm doing.
RenderNetwork at important resistance👀🔴Here is my RenderNetwork TA for you dearCrypto Nation😎🤘
RNDR got rejected at the POC + FIB 78.6%
bullish scenario🐂
💠break this resistance zone
💠chase last ATH
💠reach TP at FIB 127.2% at $16
🟰that market cap would be 0.83% of current Bitcoin market cap
bearish scenario🐻
💠deep correction to the final Bull Support Box
💠getting dark if we lose that support👀🔴
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Resistance Ahead | Short BiasOn week chart
$4 is the strong resistance zone for this bullish
If RNDR can break and close above $4, the next target around ATH $8
Otherwise, RNDR will accumulating in range $2-3 a while before massive move will happen
Time will tell
RNDR: Resistance BreakoutTrade setup : Trends have reversed to Uptrend after price broke back above $1.70 key level and above 200-day moving average. After pausing briefly, it broke above $2.50 resistance to signal continuation of Uptrend with upside potential to $3.30 near-term and possibly even $4.00 resistance thereafter.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $2.90 (previous resistance), then $2.50. The nearest Resistance Zone is $3.30, which it broke, then $4.00.
Supply | Short BiasOn day chart
Render Token hit Supply Zone that is also the 2.0 Fibo Channel in my last idea.
First sign, RNDR failed at 2.6 and can pull back to Support around 2 this zone is good to join
You can trade on lower TF
Wait for next move
Render (RNDR) ultra long, mega bullishA daily close above 2.75 and RNDR looking hot hot. Could this be the start of a mega break out, that you could hold for the whole bull run - I think so.
Either way, here's a set up for a potential 30% trade.
Zoom in on daily timeframe or just remove the noice and look have beautiful this chart is on weekly timeframe.
RNRD is risky - but it could be huge next year - non financial advice.
A potential pull back can happen (after the explosion today), but I think the time for a good entry is start to running out. Play it with your risk tolerance.
Trade signal | Render Token (RNDR) setting up for upto 27% pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with Bitcoin pair.
Previously we caught almost 13% pump of RNDR as below:
Now on 2-hr time frame, SANTOS is completing the final leg of a bullish AB=CD move for the next price reversal.
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.
Recovering Phase from $2.1 to $2.3Daily Chart
Render Token is in Ascending Multi Channel by #FiboChannel
Now, it's trading around $1.88x and it's not below resistance $1.9 and nearly the higher trend line of channel
If BINANCE:RNDRUSDT fail, it can create Double Top which Reversal Pattern then come back to support $1.65 that's good zones to buy in my opinion
Just wait for next move
RNDR: Overbought at ResistanceTrade setup : Trends have reversed to Uptrend. Price bounced up off of support at $1.30 and broke back above $1.70 resistance and above 200-day MA (~$1.78) to signal resumption of Uptrend. However, price is now very overbought (RSI > 80!) just as it approaches $2.50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.70 (previous resistance), then $1.30. The nearest Resistance Zone is $2.50, then $2.90.
RNDRUSD: Small but steady rise. Expect more aggression soon.Render Token has been steadily rising since the August 28th contact on the HL trendline but more importantly the 1W MA50, which held for the second time since the week of March 6th 2023. The 1W technical outlook is neutral (RSI = 53.781, MACD = 0.060, ADX = 33.069) meaning that there is significant upside potential. The Bullish Cross that is about to be formed on the 1W MACD also reveals that this is only the start of a long term leg. We are aiming at the R2 level (TP = 4.25000).
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Render (RNDR) long and hold for whileRender (RNDR) has set a higher low.
If RNDR reclaims 1.66, (0.5 FIB-level), I think it goes for higher highs on weekly time frame (85% gains)
If you have conviction on RNDR this could also be a good DCA spot.
RNDR moves fast, so this long time move can play out faster than you think!
Downtrend is coming back | Short BiasChart 4H TF
Render Token BINANCE:RNDRUSDT has been recovering to resistance at 1.55 and rejected this level.
Now, it's trading at 1.465
I expect price will test resistance one more time before turn back to main trend
Wait for next move
Crypto Cup & Handle Alert! 🚀 Entry .90c-1.00 | Targeting $8.00Entry .90c-1.00
Clear cup and handle pattern.
Repeat of cup from .93c gives a completion target of around 8.00
RNDRUSD Strong buy evidence but best wait for a break-out.Render Token (RNDRUSD) is on the 3rd straight green 1D candle, having the best bullish sequence since June 21. The pattern remains a 3-month Channel Down but for the first time this is being executed from oversold 1D RSI levels as well as almost testing the 1W MA50 (red trend-line) for the first time since January 23.
The formation of a 1D Death Cross though, makes our sentiment mixed and prefer to take a confirmed buy signal instead. That will be above Resistance 1 (1.7685) and obviously the top (Lower Highs trend-line) of the Channel Down. Upon that break-out (1D candle closing above) we will buy and target 2.1600 (0.618 Fibonacci).
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RENDER/USDTWith the price reaching the floor of the ascending channel, it seems that we have reached a suitable price range for buying. Considering the loss limit, the short-term goals included in the analysis will be achievable. DYOR
Breakdown the support | Short BiasDaily Chart
BINANCE:RNDRUSDT has broken down the support and now it's retesting to drop again.
Render Token has the support at lower line of ascending channel.
So wait for rejecting and short
RNDR: Descending Triangle BreakoutTrade setup : Bearish breakout from Descending Triangle pattern, below $1.70 Triangle support level, which confirms downtrend with downside risk to $1.00.
Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will typically occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.70, which it broke, then $1.00. The nearest Resistance Zone is $2.50, then $2.90.
