RNDRUSDT at hourly support, long favorable towards daily resist#RNDR #RNDRUSDT $rndr This one has reached to the level I was expecting since yesterday to have a very nice long trade. Finally it has arrived to the hourly support zone. We had discussed that the price may spike upto 2.35 or so before coming down below daily resistance DR1. And thats why we closed the major long trade at daily resistnace and sinxe then taken a couple of smaller trades in both sides. But now is the price at a level which provides better risk reward and favors a long for a good gain. Lets first target daily resistance zone and then we will see.
RNDRUSDT
RNDRUSDT may head up to 2.35The price is trading at LTF support. The price broke through the daily resistance and moved upward but then came back down and currently trading inside the daily resistance zone. I think a long is favorable here towards 2.35 area.
RNDRUSDT may aim for daily resistance around 2.27-2.29Story is similar here. The price touched the 4h support zone 4HS1 marked on the chart and bounced from there. Along with BTC push, this also got a chance to move higher. This one is probably clearing its way for daily resistance DR1 which is around 2.27-2.29. The 4h resistance is in the way which may hold the price for a while, but I can see it aiming for the daily resistance DR1.
RNDRusdt good save channelrender is good poject for all time
for VR and Ar and Meta.
So, this project does not lose its value with new hypes, and with the news about Apple's cooperation with this company, we can hope to see how much it can grow by cooperating with the biggest company in the world.
Of course, there is still a possibility of correction, but it is a good project for long and medium term investment
This is not a financial offer, just an explanation for friends who requested it.
Good luck
EntryPoint:
2.162
2.127
Supports:
2.027
1.948
1.873
1.772
Resistance:
2.318
Targets:
2.487
2.747
3.120
Midtime:
3.668
3.990
4.504
HODL:
5.660
6.660
8.160
GL
Remember RNDR have chanse after break resistance point going to middle channel
GL
RNDRUSDT Below Resistance LineIn the past few months, we witnessed a strong upward movement in rndr, supported by an upward trend line. However, this trend line, marked in red on the chart, was broken a few days ago, and the price fell below the trend line.
Currently, the price is testing this trend line again, and there is a possibility of a stop-hunt following this break. However, considering the overall downtrend in the market, my opinion is that the price will fall again with this retest. The risk-to-reward ratio for me in this trade is not suitable, and I don't see a suitable place to set a stop-loss.
RNDRUSDT Bearish TrendScript shows bearish trend with no divergence and making consecutive LH's and LL's. Took a short entry at the LL. Will it hit both TPS's?
RNDRUSDT at 4h support, likely to head towards 4h resistanceThe price has hit the 4h support zone 4HS1 again after getting rejected from 4h resistance zone 4HR1. I think this offers an opportunity for a long trade. May cut the trade around 2.07 depending on the price action.
RNDR broke its upward trendline and completed the pullback ..RNDR has broken its upward trend line and completed the pullback, and in my opinion, it can have a suitable fall from here, and for the right time to buy, you must be patient until it reaches the golden range.
RNDRUSDT at weekly support, long favorable from this levelSo finally the price has come to the weekly support which was long anticipated by us. As planned I have grabbed spot here. Will add to that if it dips into the support zone. Let see where we go from here.
RNDR, Render 2.6?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 of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
How does RNDR work
RNDR is an ERC-20 utility token used by artists on the network to exchange for GPU compute power from GPU providers (node operators). RNDR utilizes a combination manual and automatic proof of work system, or in this case proof of render, in order to verify all art has been successfully rendered prior to payment disbursal and art release. Utilizing the inherent security properties of the Ethereum blockchain, proprietary assets are hashed upon upload and sent to nodes piecemeal for rendering. All RNDR payments are stored in escrow during rendering, and are released to node operators upon manual verification by the commissioning artist of successful work. To prevent malicious actors in both user bases, all assets rendered on the network are watermarked until payment is successfully disbursed, upon which time un-watermarked renderings may be downloaded, and all payment is held in escrow until manually verified as being correctly rendered.
About RNDR
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), who have all advised RNDR in various capacities in bridging the gap between creating a system that appeals to both cryptocurrency communities and Hollywood studio production pipelines.
RNDRUSDT likely to head up to 2.06This long is favorable here. It seems the price has been consolidating in the current range for long and it shall be ready to move upward. The target for the long trade should be the 4h resistance zone 4HR1 which is sitting around 2.06 area.
RNDRUSDT coming close to weekly supportI did expect it to come to weekly support but not so quick. It is still not there but is almost there in a day. I will buy some spot as planned. I think probability of this giving a good bounce from weekly is very high. If it continues to be so catastrophic then the next level to watch for is monthly support 1.36-1.46. But as I said, I think weekly support shall hold this falling red bar.
RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important.
RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful!
No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios.
Please respond with your constructive criticism. #PEACE
#DYOR #Market #Neutralview #RNDR #CRYPTO
RNDRUSDT at support, likely to head up to 2.31-2.32The price pushed substantially up today. However, in last few hours it has retraced significantly as well. I think the price has now come to a support level from where it has a higher probability of bounce and therefore a long opportunity is favored. The target for this long should be 2.31-2.32.
RNDRUSDT likely to head down for daily support for a bounceThis one seems to be heading for the daily support DS1. I would prefer a long from that zone. Therefore, I will remain patient for a trade with this one. If it does not visit the DS1 zone and moves beyond 2.45, that would also signal to take long trade from other levels. So lets just be patient for a while. I believe the trade opportunity will come to us. The planned trade setup is shown but may differ from the actual trade setup. I will post the actual trade setup when I take it.
RNDRUSDT weekly support an preferable spot buy zoneI am not holding any spot RNDR tokens. I did not know about this one early enough. But I am planning to get some spot buy of this token when the price hits weekly support. Seems a bit far fetched by looking at the chart but its possible that it may revisit that weekly support zone. But I might grab some spot on the daily support zone as well to sell later. Seems like not a bad spot for getting some.
RNDRUSDT at daily support, likely to head to 2.40This one did come back where we were expecting it to. Now from here it may bounce. We can take a long from here for a few percent gain. The target should be 2.40 as that is the low time frame resistance for the time being.
Short signal on RNDROpen short ONLY IF price is stabilized under 2.26; Entry: 2.25 SL: 2.40 TP: 2.06, 1.81
RNDRUSDT good spot buy for 3-5% gainSo it did revisit the DS2 support zone and further down. I bought some spot here at 2.235. Lets see where it goes. Will sell it 3%-5% profit.
RBDRUSDT heading daily resistance offering short opportunityHere are the new support and resistance levels for this pair. The price found support on daily support DS2 and moved up the daily support DS1. I see price heading towards daily resistance DR1 which will provide a short opportunity. I wait for the price to reach there and depending on the price action, will take the short. I will post the setup in case I take it.
RNDR good entry at 2.51D time frame
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RNDR creating a symmetrical triangle.
2.5 is a great entry to open long.
Target: 3.8
SL: 2.5
Weekly Bullish StructureRNDR will be reach to $4.6, if price retrace to $1.6 that's a great opportunity for entry.
RNDRUSDT at 4h resistance and getting pushed downSo the resistance is doing its job. Though wanted to take a short trade from that resistance zone but could not as was not on screen. Anyways, now next logical support if this push back continues is the 2.63-2.64 zone as marked on the chart.
Just noticed that 2.68 zone can also act as a support and have marked that also on the chart. Not sure if that is good enough but expect some bounce there.
