RNDRUSDT probably to head higher from hereThe last long trade did not work out and closed in loss when the support was lost. Taking this long trade again from here. I think the price will hold the previous low and thats why previous low is set as stop loss. Risk is limited so this long trade is favorable.
RNDRUSDT
RNDRUSDT on support, likely to move up towards 4h resistanPrice is at local hourly support. Lets try a long here towards 4h resistance and probably higher.
RNDRUSDT high time frame updateWe have talked about this monthly resistance in some of the previous trade setups. The resistance is doing its job till now and have kept the price controlled and currently trading just under it. The daily support under that resistance is holding the price and providing the bounce we see.
RNDRUSDT likely to head down o 2.54 from 4h resistanceAnyways, I decided to take this short trade. While redrawing the chart I noticed that the 4h resistance was not drawn correctly which explains a bit excessive divergence from the resistance zone earlier. Anyways, I have redrawn that 4h resistance appropriately now. So now the price is heading towards resistance to retest it from below so probability is favoring short here. But entry is a bit conservative so possible it wont get filled. First target is 2.547 but may also extend to 2.51.
RNDRUSDT trading around 4h resistance, likely to head to 2.55The price is at 4h resistance again. Well, it can break the resistance this time but still short is favorable here. I would bet for a short here with a small position size. Target is 2.55.
RNDRUSDT on hourly support and may bounce to 2.56-2.59The price retraced from the 4h resistance as marked on the chart as the final target of the last long trade. Now the price is again at the hourly support and expect the price to bounce here . The bounce is actually already taking place while I am writing this. Target marked on the chart for this long trade.
RNDRUSDT at daily support, likely to head towards 2.54 and 2.60The price has entered into the daily support zone. This provides a trade opportunity favoring a long. The price may breach the level briefly but I think it is going to bounce enough from here to provide the long trade opportunity as marked on the chart towards 2.54 and 2.60.
RNDRUSDTRNDRUSDT was on strong bullish run but now it seems like it run out of gas and brake below inclining trendline. Currently it is testing the broken trendline and also facing some bearish trouble from 50EMA.
Will it continue its trajectory downward?
RNDRUSDT likely head down towards daily support around 2.45Since the price has broken down the previous 4h support conclusively and trading below it, I would expect it to aim towards daily support. The daily support zone lies around 2.45-2.46. However, it may breach lower towards 2.36 as well. But anyway, that would be an opportunity for a long trade.
Render multi timeframe analysison the 4hr tf we have a head and shoulders that i believe we will retest the neckline and go short on the tf we have a tower pattern also sending us short
RNDRUSDT likely to head towards 2.70So seems a long can be tried here. I see the price going a bit up here and target 2.71. But may drop the position on the way depending on the price action.
Render Token (RNDR) forming bullish Gartley for upto 14% pumpHi 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 strictly follow the stop loss, and don't get stuck with trade.
RNDRUSDT showing weakness against BTCUSDTAs mentioned before, this one is showing some weakness and not even matching up to BTC move. Anyways, the price is currently ranging between the 4h support and 4h resistance zones. There were several touch to the support and price bounced to the resistance zone and pushed back from there. The system says to short it now from the resistance zone to the support zone. But I will stick to the long for now. So lets see if price comes back towards support one more time or breaks to the upside. Probably I will look for a long around 2.666.
RNDRUSDT at 4h support and likely to head to 2.70The price is at the next 4h support. This one is a bit reasonable support than the previous one. Lets try this long towards 2.70 area.
RNDRUSDT at support and may head to 2.78 zoneNow since the price is at support, a long is favorable here. I expect the price to march up at least till 2.78 area.
RNDRUSDT at 4h resistance, long favorable from 4h supportThe price is currently trading inside the 4h resistance zone and I expect it to come back to the 4h support zone. The support is not that strong but I still think that a long is favorable from there. Lets try this long if the price retraces till that support level.
RNDRUSDT to bounce from daily support to 2.54 and 2.63The price has touched the daily support and already bouncing from there. I expect the price to bounce higher and therefore favoring a long trade. I expect it to move to 2.54 first and then to 2.63 next.
Rndr usdt short Every top is an opportunity to open a short position.
Your own risk
Your likes and comments are not important
RNDRUSDT SCALPING ANALYSISAS you can see RNDR is in a up trend.
I will wait on RNDR to break down from the up trend and when it open closes under I will open a short
RNDR close to a serious resistanceIMPORTANT: this is a short signal but on HTF which means I'm giving the area in which I'd look for a short but doesn't mean I'm telling you to short as soon as price goes there, this is a WEEKLY chart.
RNDR pumped a lot lately but I think the top of this run is almost in. I expect price to reach that DAILY resistance area with weekly RSI being low and then retrace between 30 and 45%. Volume keeps lowering as confirmation of my idea.
Considering the coin is relatively young and the amount of volume since last January, it's clear that best price opportunity to fill your bags and hold is gone. Most bearish scenario would be around 0.822
USDT
but it's likely it won't go below 1.64 unless BTC dumps hard. I still believe we should see BTC dumping because I think that world economy should reflects also on crypto a bit further but I might be wrong.
I'll set an alert for then price reaches the resistance area so that I'll be able to update the signal with a short setup if it's the case.
Good luck
RNDRUSDT likely have reversal from weekly support 1.70-178So here are the support levels for this pair. The first support is the daily support zone around 2.313-2.392. The next one is a better and stronger support version which is weekly support around the zone 1.70-1.78. And the best one is the monthly support around the zone 1.391-1.459. Now the question is which strong will make the price reverse. It can be daily but I will bet more on the weekly support. Monthly support is a the most favorable place for reversal long bet but the price reaching there is not as likely as it will till weekly support. But lets watch how the price action develops in coming days. If the price crosses monthly support, then that will provide us a long opportunity as well.
RNDR: Bullish Trend, Watch $2.520 ResistanceRNDR is showing a strong bullish trend. The price has increased by 8% in the past 24 hours and currently sits at $2.502, above the middle Bollinger Band of $2.373, indicating the bullish momentum.
The Fibonacci retracement levels also offer key price levels. Currently, the price is near the 1 Fibonacci level of $2.520, which could act as a resistance level. Breaking this could see further price increases. On the lower side, the 0 and 0.5 Fibonacci levels at $2.267 and $2.394, respectively can act as potential support levels in the event of a price drop.
Your Relative Strength Index (RSI) is currently at 73, which typically suggests that the asset might be overbought. This can sometimes indicate a forthcoming price correction, but it isn't a guarantee.
On the other hand, the Moving Average Convergence Divergence (MACD) of 0.083 and the Stochastic Oscillators at 35 both suggest a continuing bullish trend. These are positive signs that the upward price movement isn't over yet.
The volume oscillator at 52% shows a good amount of trading volume, backing the current price trend. Meanwhile, the On-Balance-Volume (OBV) of 307M supports the bullish sentiment as it indicates volume is rising with the price.
Finally, the EMA 50 at $2.085 acts as solid support. If the price were to fall, it's likely to find strong buying interest around this level.
In summary, the trend for RNDR is currently bullish, with key resistance at the $2.520 mark and solid support around the EMA 50 at $2.085. Always remember to keep an eye on volume and momentum indicators to anticipate any changes in the trend.
Given the provided indicators, the overall trend for RNDR appears to be bullish, suggesting that the price may continue to go up in the short term. Here's why:
The price of RNDR has risen 8% in the last 24 hours, showing positive momentum.
The MACD at 0.083 also indicates a bullish trend, suggesting a continued price rise.
The Stochastic Oscillator is at 35. A value below 20 often indicates an oversold market condition, suggesting upward pressure on price, and since it's above 20 but below 80, there's room for more upward movement.
The Volume Oscillator and OBV indicate that the volume is accompanying the price rise, which often strengthens the trend.
The current price is above the EMA 50 and middle Bollinger Band, both bullish signs.
However, caution is warranted as the RSI is at 73, indicating that the coin is currently in overbought territory, which may lead to a possible price correction in the future. Also, remember that the 1 Fibonacci level at $2.520 might serve as a resistance point.
