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.
RNDRUSD trade ideas
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
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 doesnโt 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.
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
RNDRUSD hitting our target but isn't stopping there!The Render Token (RNDRUSD) is about to hit our long-term target (3.000) of the trade we made on March 22 (see chart below) two months ago, following our pattern perfectly:
The Pitchfork Support and Resistance levels show that it won't be stopping here long-term as the Channel Up that is following since the March 10 rebound on the 1D MA100 (green trend-line) is more than obvious. With the 1D MA50 (blue trend-line) as the short-term Support, we will be buying the next pull-back and target 4.0000, which is right below Resistance 2 (High of February 02 2022).
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RNDRUSD +50% up since our last buy call and it's not over yet!Render Token (RNDRUSD) is up more than +50% since our buy signal more than 1 month ago:
Medium-term traders may look to book those respectable profits but we can get an extension if the price closes a 1D candle above Resistance 1 (2.1750). In that case, our long-term target of 3.0000 which sits just below Resistance 2, will most likely get materialized. The key to this is for the 1D MA50 (blue trend-line) to keep supporting.
Notice the similarities on the 1D RSI patterns of RNDR's previous drop-accumulation-rise formations. It appears that right now we are on a candle similar to January 20.
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