RENDER (RNDR/USDT) - Potential Bottom & Breakout Incoming? RNDR is showing signs of a potential bottom formation on the daily chart.
RNDRUSDT trade ideas
RNDRUSD - W Pattern BreakoutRNDR Looks as if it has formed a double top but it is secretly a W pattern waiting to form within this wedge / triangle structure
Still bullish as long as price stays above the dotted white line
Bullish on this daily timeframe
RNDRUSDT Trading ideaRNDR/USDT is consolidating within a structured range, respecting key demand and supply zones. The $3.35 - $4.15 demand zone has held strong, forming higher lows, signaling accumulation. This structure suggests a potential breakout, with price poised for an impulsive move.
A breakout above $9.66 - $11.00 could confirm bullish momentum toward the final target of $44.76, aligning with Fibonacci extensions and previous rally percentages. Maintaining support above demand zones keeps the bullish outlook intact, while failure may lead to deeper retests.
RNDR | AI TrendRender might be a good pick here to ride the revitalized AI trend. An aggressive entry would be on a pullback to the MA-50. A safe entry would be on a retest of the former resistance area.
Cake and coti still accumulatingwho would have thought ADA would explode like that. certainly not me.
RNDR Long Two Divergences on my Perfect RSI for RNDR. Hidden Bearish Divergence has been completed and cleared out by most recent div. Should fly from here
Long-Term Accumulation Opportunity in RNDRUSDTI would like to share a long-term accumulation strategy for RNDRUSDT that I've been eyeing.
Chart Patterns and Indicators:
Descending Channel: The price is currently moving within a descending channel, indicating potential breakout opportunities.
Harmonic Pattern (XABCD): The pattern suggests potential reversal points at identified accumulation zones.
Volume Analysis: Increased volume at support levels indicates strong buying interest and validation of accumulation zones.
Current market sentiment shows a mix of consolidation and potential bullish reversal, supported by the harmonic pattern and volume spikes at lower levels.
This long-term accumulation strategy for RNDRUSDT focuses on systematically entering positions at identified support levels and distributing at key resistance points. This methodical approach aims to capitalize on both the technical patterns and market sentiment, ensuring a balanced risk-reward ratio.
Additional Details about Render Token (RNDR):
Market Cap: Approximately $3.92 billion
Fundamentals: Render Token is a decentralized GPU rendering network that connects artists and studios needing GPU compute power with mining partners willing to rent their GPU capabilities.
Potential: High demand for GPU rendering in the fields of VR, AR, and complex 3D modeling.
Text Help by GPT :P, trust me he is way better at words!
RNDR Long Position (Accumulation Phase)Market Context: RNDR has been through an extended markdown phase, with market makers taking profits, driving prices down to fair value. Now, the market appears to be in an accumulation phase, where most of the weak hands have exited. This creates an opportunity for strategic entry, positioning for the next bullish move.
Trade Setup:
Entry: $4.70 - $5.30
Take Profit:
First target: $6.30
Second target: $7.50
Third target: $9.00
Stop Loss: Daily close below $4.50
This trade aims to capitalize on the potential accumulation phase as RNDR prepares for a possible move higher. #RNDR #Crypto #Accumulation #PriceAction #Trading
Could RNDR test $4.20 Could the stars align, and present another buying opportunity at the previous ATH ($4.20) from FEB2022 and which the weekly 100ma lingers. Also a favourite number of many.
RNDR and other altcoins seem to be hanging on the direction of BTC. Gold has broken $2700 for first time, which seems to be holding BTC up IMO and stopping alts from dumping once more.
RNDR to push 8.5$RNDR had an amazing pivot as the witching day is over and BTC holds a bullish posture. I expect a swift trip to 7.8$ possibly some consolidation and then 8.5$. The token just recently lifted off the ever important 200 EMA (weekly). The stochastic RSI has room to run before a reset, the daily is already resetting downward so we could take a brief breather here before liftoff. RNDR remains on of my top 3 positions and I plan on holding until 18-21$ at this point.
I am net long here
Render breakout & confirmation. $RNDR #RNDR #RNDRUSD #RNDRUSDTRender breakout & confirmation. SEED_DONKEYDAN_MARKET_CAP:RNDR #RNDR #RNDRUSD #RNDRUSDT
Buy Trade Idea for RNDR (Render Token) Description
Render Token (RNDR) is revolutionizing the digital content creation industry through decentralized GPU rendering. Here are the key fundamentals that support a buy trade for RNDR:
- **Decentralized Rendering Network:** RNDR provides a platform where creators can leverage distributed GPU computing power to render complex graphics more efficiently and cost-effectively. This opens up new possibilities for industries like gaming, virtual reality (VR), augmented reality (AR), and 3D rendering.
- **Growing Adoption in Creative Industries:** RNDR is gaining traction in various creative fields, with increasing demand from artists, animators, and developers looking for decentralized rendering solutions. Its platform enables faster, more scalable rendering services, making it a game-changer for digital content production.
- **Strategic Partnerships:** The project has formed strong partnerships with key industry players, further enhancing its credibility and expanding its ecosystem. This support helps fuel growth and adoption, positioning RNDR as a leader in decentralized GPU rendering.
- **Deflationary Tokenomics:** RNDR’s tokenomics structure is designed to reward network participants while maintaining a deflationary supply, making the token more attractive for long-term holders.
With these solid fundamentals, RNDR presents a compelling buy opportunity for those looking to invest in the future of decentralized GPU rendering technology.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, assess your risk tolerance, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate.
RNDR Long Spot Position (Support Consolidation)Market Context: RNDR has been consolidating in a key area of support, providing a good opportunity to enter a long spot position.
Trade Setup:
Entry: Ladder into a long spot position in the $4.20 - $5.00 support zone.
Take Profit:
First target: $5.90 - $7.05
Second target: $9.80 - $11.00
Stop Loss: Just below $3.90
📊 This setup takes advantage of the support consolidation with defined risk and potential upside. #RNDR #Crypto #LongTrade
RNDRUSDT trading opportunityRNDRUSDT has recently experienced a breakthrough above the neckline of the Cup and Handle setup. Notably, the neckline has successfully transformed into a support level, instilling greater confidence among bulls.
Anticipating a potential pullback towards this neckline, as it now acts as a solid support, the focus shifts to observe the external supply zone. This zone is poised to serve as a major resistance, potentially causing a temporary halt or reversal in the bullish momentum in the short term.
The overall setup target, as illustrated on the chart, provides a comprehensive view of the potential trajectory following the recent price action.
Your engagement, including likes and comments, is encouraged to foster discussion and gain insights into the broader market sentiment.
Thank you for your participation.
RNDR 50% move incomingAfter this harsh and drawn out correction of many of my major holdings I have updated the fibs for the next setups. If BTC can maintain above 59.5k or NVDA can start to pick up steam again I expect this to play out in the next 3 -7 weeks. RNDR likes to really move when the market pivtots and I love the fact that two candle bodies closed above that red fib.
-I did sell 10% of my position at ~9.5$ and this more than covered my initial investment.
-My plan here is to unload more if I get worried about BTC continued weakness around 7.2$
-If we can get a full on bull posture I will sell 50% of my back at the 1.618 which is around 20$
#RNDR/USDT#RNDR
The price is moving in a descending channel on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 3.40
Entry price 4.00
First target 5.00
Second target 6.00
Third target 7.13
RNDR USDTRNDR is moving inside the descending channel and bounced from the support zone (Blue) at $2.866 - $3.272. Currently the price finds the support at $4.245 level and resistance at the middle line of descending channel.
If the price breaks above the descending channel and the resistance zone (Green) at $5.747 - $6.038 with high volume.
If the price fails to holed the support level at $4.245 and the support zone (Blue) then we will see more decline in the price to the next levels.
Everything is on the chart
RENDR: $2.10 | for 2022 +800% Payback Project is cool
Packaging reminds me of Nvidia and ATi Radeon back in Half Life era 1999
Concept idea is siilaer to OMG in 2015
claiming for metaverse category
clever and sould be a good deal to get volume at sub 1.0
Render Token / RNDRThe price of RNDR is $1.83 today with a 24hour trading volume of 180 million dollars. This represents a 4% price increase in the last 24 hours and a 333% price increase in the past 30 days!
Render token is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Backed by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT)
bulls broke 0.8, 1.2 and 1.6 resistance and ready to claim 2$. I got into rndr wen it has 220 million market-cap and here we are at half a billion dollar mc. as you see market is in correction phase which is normal and healthy so don't panic if you see couple of red candles after 300% pump
What is next for RENDER?Hello everyone,
Here are my targets for CRYPTOCAP:RNDR during the bull market, as shown on the chart:
I'm setting the ATH (All-Time High) of this coin at $47 this season. However, as I've mentioned before, you cannot predict what will happen in a bull market. So, I always have a plan B with a more ambitious target of $320.
Although supports and resistances are demonstrated on the chart.
I say this because some altcoins will experience significant price surges during the bull market, far exceeding others.
Especially lately, CRYPTOCAP:RNDR has migrated to the CRYPTOCAP:SOL blockchain. Therefore, if SOL experiences a significant surge, all Solana-related altcoins could see substantial upside movement.
Feel free to ask any questions you may have.
Have a nice day!
Note: Charts and ideas will be updated as necessary.
RNDR - The Calm Before The Storm!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉After breaking below the last major low marked in red, RNDR has been overall bearish.
However, RNDR is currently rejecting a strong support zone marked in green.
📈 For the bulls to take over, and shift the momentum again, a break above the last major high marked in blue is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
RNDR is looking ready for the next leg up!Here's my idea for RNDR.
After breaking out of daily 21-EMA bearish trendline and printing a bullish reversal pattern, I think around $7 is a good place to enter. We might see a new ATH in the upcoming month! Let's see how high this one goes!
