CRYPTOCAP:RNDR has formed a cup and handle that can potentially breakout to a new all-time high at ~$15.30. This would be +40% from the neckline. Wait for a retest of the neckline at $11, which also happens to be the volume point of control. Once a breakout occurs from the neckline, jumping into a long position is likely to be profitable. Set appropriate SLs and...
#RNDR The price is moving in a bearish channel on a 12-hour frame and is adhering to it to a large extent. It has been penetrated upward and the channel is being retested. The price rebounded well from the green support area at the 6.70 support level, which is a strong level We have a trend to hold above the Moving Average 100, which is strong support for the...
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.
CRYPTOCAP:RNDR play when we take back SSL as support... Patience... #trading @rendernetwork
What is RNDR? RenderToken (RNDR) 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. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October...
1D time frame - RNDR creating a symmetrical triangle. 2.5 is a great entry to open long. Target: 3.8 SL: 2.5
Hi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair. Our last successful trade of RNDR was as below: Now on a 4-hr time frame, RNDR has almost formed a bullish Gartley move for the next bullish reversal move. Note: Above idea is for educational purpose only. It is advised to diversify and...
So the area 1.748 was a good level to book profit and load a bit lower. I think this one is still good for moving up and should not lose the last low. As mentioned again, the next level to watch and book profit for is 1.857.
If long from the bottom of the support zone as suggested in the last post and several updates, reducing some size at 1.857 will not be a bad idea. I believe there will be an opportunity to add the size a bit lower from there. Anyways the swing trade to daily resistance remains valid. However, such reducing and increasing the size allows to benefit from the lower...
This can be a good scenario for a long position. We have both static support and dynamic support at this point. There is also a possibility of a head and shoulder pattern forming. The numbers in the chart do not mean my entry or exit point and I will enter the position after confirmation ⚠️ "Daily crypto market analyses I provide are personal opinions & not...
RNDR Finishing its ABC wave, might see an upward movement from here for a while. Good luck.
Trade type AAA Confluences: - 30 mins TF has closed bullish engulfing. - Sell-side liquidity has not yer been cleared. This is at 2.140 - Overall bullish - BTC has not yet hit 32k (my target)
This is my outcome throughout 2023 for RNDR. I am expecting this play to take place throughout 2023
RNDR bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 1.395 is expected to happen.
BINANCE:RNDRUSD BINANCE:RNDRUSDT RNDRUSDT and RNDR Analysis Summary! After the price chart crosses the 50 Day SMA, it's a great position to enter a buy trade. Note: When price hitting the Simple Moving Average, we see a temporary pullback. ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and...
The price is currently trading inside the daily support zone. It is likely that the price will aim for the next resistance around 1.33 area and therefore a long may be favorable here.
The price is currently heading towards the next daily resistance. It is likely that the price will hit that daily resistance zone before experiencing any sizable pullback. If the price traces back to the next daily support before hitting the daily resistance, a long would be favorable to the daily resistance. No shorting till the price action shows any sign of weakness.