RNDRUSD trade ideas
Don't sleep On RenderRender is looking very strong. Volume is staying high. Once it breaks $5.00 it will hit $6.00 easily. This is a good hold long or short term. DISCLOUSER I have been holding this for a while & haven't taken any profits. I'm adding more at these levels. long term I'm looking at 10-15 dollar target. NFA, risk management & DYOR.
This idea is my opinion and thoughts.
RNDR ready for the next leg.Been posting about this fractal for about 2 months now and it is playing out. If you bought RNDR when i called it out, you would be up about 3x right now.
RNDR fractal playing out as expected.RNDR fractal playing out as expected. Breakout probably next weak. Towards the 5$ area.
RNDR/USDCRYPTOCAP:RNDR set alerts on blue resistance line and green resistance line, because after we break both of them resistances, CRYPTOCAP:RNDR will be looking at making a new ATH in price, then we will need to start using fibs so we can aim higher!
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.
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
✴️ Render Token Ultra Bullish, No Doubt (230% Potential)The bear market bottom for Render Token was hit mid-June of the year 2022, more than a year and a half ago... The rest is pure is growth, absolute bullishness.
The chart here, RNDRUSD, is dominated by bullish signals and we have a constellation of factors pointing toward higher prices.
Let's just name a few for entertainment, quickly:
1) Bullish MACD, strong RSI.
2) Falling wedge (bullish pattern).
3) Cup pattern with higher low.
4) Bullish candlestick patterns, closing above moving averages.
5) Strong Bitcoin.
6) Bullish astrological developments.
Just to name a few... The volume should also be good even though it cannot be seen on this chart.
The target on the chart is for illustration purposes only.
I am trying to predict direction only here not timing nor exact resistance levels.
In simple terms, the bigger picture is up, the market will take care of the rest.
Namaste.
RNDR perfect consolidation?Been looking at this for a while. Right now it is playing out. Breakout this week or invalid.
Render USD Daily Toppy Render and alot of alts looking toppy here but with serious upside potential should Legacy Hold.
Look to Spy for Signal.
Long Term Bullish
Scalpers Short.
RENDER on 15 min Scalping Zones RENDER on 15 min Scalping Zones
BBWP - STOCH - RSI
Volume Profiles
Channel Pattern
Scalping Areas
$RNDR Going Down My sole focus is to reenter the market at the 1.50s level when I receive the right signal to initiate the trade during its downward movement.
Could the price potentially surge higher? Affirmative.
Does this potential rise in price concern me? Negative.
Am I clear on my desired entry point and the reasons behind it? Absolutely.
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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RNDR After the HS target (around $ 1,03) the downtrend could still continue filling the Shark pattern at around 0,475
Breaking outA close above the falling wedge has a 1.64 price target. This would also be a close above the 50ma, and a breakout of the downtrend. Little bit of a bullish divergence playing out on RSI too
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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Tracking RenderI know that predicting an Alt coins movement doesn’t always pan out, but here it goes anyway.
Renders movement from 2 to 3 rose above the 2.618 and its retracement back to 4 is almost textbook. I believe the 5 will come in above 4.618 or $4.59.
The Mayfair POC and Footprints indicators (along with Stochastic indicator) help me with my assumption.
RNDRUSDNot an investment recommendation. This chart was made for personal study and personal use only. If you liked the idea, please like it. If not, write why. In my humble opinion, the price will go down.
3 red + hammer candle greenthis is bullish. 2$ RNDR immenent.
Still longterm 15$ - 20$ target in play
RNDR fractalRNDR about to go to $4 in the mid term.
Looking for ultimate 15$ target DCA out with a potential 25$ BOT
RNDR Deviation continue ranging or DCBInvalidation - Cross above 2.2 (A Deviation)
Confirmation - Rejected 2.1 and its not a deviation
Target 1: 1.62
Target 2 : 0.9
We have been ranging for 91 Days, price didnt make a new high , but instead ranging.
if thats is not Sign of Weakness, idk what is it.
Anyway during this period of time, this is my plan
1. Small short position to avoid bearish bias during accumulation season
2. Focus on researching next bull market narrative and accumulating altcoin for standby next bull market
3. Spot buying BTC & Eth in multiple level as we cant to identify perfect bottom
4. Macronomics research and reading.
Check my macro writtings about BTC
Render UpdateRender held up well. So could be facing larger falls in a weak market.
Fed Powell Speech tomorrow is key following cool CPI data.
