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RNDRUSD trade ideas

RENDR/USD - LONGMost times when you are new to trading you would want to chase price and this pair at the moment is gone but do not despair bears are about to give us an opportunity. The plan is to allow bears to push price down so that we could have a better entry at the lower price thus increasing our risk to reward ratio. Furthermore crypto across board seems to be recovering but we will wait for a lower long entry. Summary: Entry : $5 Target: $ 8.015 RIsk:Reward = 2 Plan your trade, trade the plan. Do follow, boost my ideas and grow together.
BITSTAMP:RNDRUSDLong
by ForeignCapital_fx
2
Bullish Momentum in Render Price Trading Opportunities RevealedBINANCEUS:RNDRUSDT has recently exhibited some notable price movements, closing at $7.03 in the latest session. The asset has seen a steady rise over the past few sessions, indicating potential bullish momentum. However, understanding the support and resistance levels and the underlying technical indicators is crucial for predicting future price action. RNDR faces immediate resistance at $7.109. A breakout above this level could push prices higher, with the next resistance levels situated at $7.566 and $7.735. On the downside, the nearest support level is at $6.857, with stronger support further down at $6.305 and $6.244. Traders should watch these levels closely as they can provide significant trading opportunities. The 9 EMA (Exponential Moving Average) is currently trending above the 20 EMA, which is a bullish signal. This crossover suggests that the recent upward momentum could continue if the price remains above these moving averages. Meanwhile, the MACD (Moving Average Convergence Divergence) indicator also supports a bullish outlook. The MACD line is above the signal line, and the histogram is in positive territory, indicating strong buying pressure. The RSI (Relative Strength Index) recently touched 64.25 before retreating to 58.01, suggesting that the Render price was in overbought territory but has since cooled down. This cooldown could provide a potential entry point for long trades if the RSI stabilizes around the 50-60 range. For those considering long positions, a potential entry point could be near the current support level of $6.857, with an initial target at the $7.109 resistance level. A break above this resistance could see the price testing the higher resistance at $7.566 and $7.735. Setting a stop loss slightly below the $6.857 support could help manage risk. Conversely, short traders might look for entry opportunities if the price fails to break the $7.109 resistance decisively. Targets for short trades could be the support levels at $6.857 and further down at $6.305 and $6.244. A stop loss just above $7.109 can mitigate potential losses from unexpected bullish breakouts. In summary, the Render price is currently exhibiting bullish characteristics with key support at $6.857 and significant resistance at $7.109. Traders should monitor these levels and the behavior of technical indicators like the EMAs, MACD, and RSI to make informed trading decisions. As always, caution and proper risk management are essential.
RLong
by Ecoinimist
RNDR cooking up some nice gains soonRNDRUSD needs strong buyer momentum to break above Downtrend #2. Watch for a bounce off one of the three key demand zones ($6.8, $6.3, $5.6) as potential entry points. The key areas to monitor include breaking Trend Line #1 to confirm bullish momentum and observing the behavior around the top of the channel ($16-18) for a potential breakout or the formation of a bearish harmonic Bat pattern. Despite short-term fluctuations, RNDR holds significant long-term potential. Let's break out of this trend and create a channel break out to the moon!!!
COINBASE:RNDRUSDLong
by TothecheeseballMOON
2
Render Token potentional recovery?! "RNDRUSD-Long" This analysis focuses on the daily chart for Render Token (RNDR) highlighting key support and resistance levels. Key Points: Support and Resistance Levels: Support: $6.78 - This level has shown strong buying interest in the past. Resistance: $8.50 - A crucial level for a potential bullish breakout. Trendline and Entry Point: A downward trendline is acting as resistance. Breaking above this trendline and $8.50 could signal a bullish reversal. Price Targets: TP1 (First Target): $11.30 TP2 (Second Target): $13.65 RSI (Relative Strength Index): Currently near 40, indicating the token is approaching oversold territory. Multiple bearish divergences suggest weakening momentum, but a move higher from here could signal a reversal. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, showing a bearish trend. A potential bullish crossover could occur if the price continues to rise. Scenarios to Watch: Bullish Scenario: A breakout above $8.50, with confirming signals from RSI and MACD, could push the price towards $11.30 and possibly $13.65. Bearish Scenario: If the price fails to break above $8.50 and the trendline, it may retest the support at $6.78. A drop below this support could lead to further declines. COINBASE:RNDRUSD COINBASE:RNDRUSD
COINBASE:RNDRUSDLong
by CryptoLogics
1
RNDRUSD - Possible Head and Shoulders To me this looks like a possible Head and Shoulders chart pattern. I am unsure if the dip up at the “head” invalidates this chart pattern and would love to know what you all think? RNDR has been quite bullish lately but going into the weekend we look to be sitting just above the “neckline” of support. If price breaks the neckline, which it currently looks like it is doing just that, we could see a drop down to about $8.7687. Happy trading!
COINBASE:RNDRUSDShort
by Ra1nyDayz
1
RNDR BULLISH IN THE LINE!!!"RNDR is riding the bullish wave and forming a very interesting pattern. Looking at the long-term timeframe, RNDR appears strongly bullish. We can see a similar pattern to what happened when RNDR corrected from $5 to $3 and then surged to $13. Now, the chart shows a similar pattern as RNDR dropped from $13 to $7, bounced three times, and now it's starting its fourth rebound. Looking ahead, the long-term target for RNDR seems to be around $30. This is definitely something worth keeping an eye on!"
RLong
by anandahaidarr
1