RNDR into Price DiscoveryThis week we should see the final stages of this week long post pump accumulation. I'd expect to see about a 1$ increase per day after pump until 10$, then some resistance before a push to 12$.
RNDRUSDT trade ideas
RNDRBullish continuation for RNDR. We can squeeze another 40% to 50% out of this.
This is more risky trade, it rose a lot already, but people are still very interested in it. DYOR
What is RNDR?
RenderToken (RNDR) 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. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token. During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.
RNDR BROKE OUTRNDR/USDT broke the neckline of its massive cup and handle and the VWOP is wide open. If it can hold ATH is coming in short order.
RNDR/USDT In the Crucial Area. Break out or rejected ??💎 RNDR has been garnering considerable attention in the market, though it has faced challenges in breaching a strong resistance area. Recently, RNDR experienced a setback after being rejected upon reaching this zone. A successful breakthrough of this resistance probability could lead to a significant upward trend, taking RNDR towards our set target.
💎 However, if RNDR struggles to break out and remains in consolidation at this resistance level over the next few days, there's a likelihood of facing another rejection. This could result in RNDR reversing its course back towards the support area.
💎 In the support zone, it's crucial for RNDR to demonstrate a robust recovery and attempt to overcome the resistance once more. If RNDR fails to show a positive response at the support area and breaks down further, it could indicate a shift back to a bearish trend. This could lead RNDR into a downward movement, potentially heading towards the bullish OB area.
RNDR flags to All-time-highRNDR broke the flag on the daily but immediately rejected as a leveraged washout occurred on the market. Many algo traders/bots and leveraged players are getting wiped out with whipsaw price action. This is why I caution against using leverage in crypto unless you are extremely experienced and have a track record of success. Crypto already provides such substantial gains without the leverage. A reset of the stochastic is imminent.
-Rndr fluctuates between my largest and second largest holding even after I sold 10% last time we hit 7.9$
-My next profit taking range is based on network effect expansion ~17$
-I expect all-time-highs this weekend if BTC doesn't dead cat bounce like I have been predicting
-I will need to redo the fibs once we reach price discovery like I had to with INJ
#RNDR #RNDRUSD #RNDRUSDT #Analysis #Eddy#RNDR #RNDRUSD #RNDRUSDT #Analysis #Eddy
(("All the relevant areas and explanations on the chart are clear and clear, the trading setups need to get confirmation to enter, if you don't know how to get a trigger and confirm entering into transactions, this analysis is not suitable for you, the above analysis is for professionals. and if you are a beginner, my suggestion is that you don't destroy your capital and first learn technical analysis and basic trading along with psychology and risk and capital management from reputable sources and courses, and then enter the financial markets."))
(("The above analysis and setups and points and areas are combined with most of the combined styles such as price action, supply and demand, RTM, ICT and also with the analysis of important indicators such as Dominance Tether and Bitcoin.
If you are familiar with the mentioned styles and know how to get approval to enter the above styles, use the above analysis.
This is not an investment proposal and only my opinion, please act based on your experience and decisions."))
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I also suggest you to view my #Analysis of #Bitcoin from the link below :
RNDR flaggingRNDR is consolidating within a small range and looking to flag here with an upside projection of around 11$. I am still very bullish on this token, I have only sold 10% around 7.9$ since I entered the position last year.
RNDRUSDT Render breaking outRender long, upside breakout of a triangle pattern in an uptrend, wait for the retest.
Look to take profits at;
8.1449
8.8582
Caution, BTC is at an pinnacle point, a correction will see alt have big moves down invalidating upside movement. Do not over leverage, use a stop loss!
RNDR going for $50RNDR holding the Daily FVG.
●Consolation above the Daily FVG is Bullish for RNDR.
●Should give daily candle closing above $7.945 which is the Previous ATH.
●Turn $7.945 into support and RNDR is good to go for 2digit
Waiting for pullback on RNDR
RNDR didn't manage to break its all-time high leaving a nice cup & handle pattern
Expecting a pullback for the handle before going higher.
I will accumulate heavily on the pullback
RNDR - Breakout will yield a LONG signalBINANCE:RNDRUSDT (4H CHART) Technical Analysis Update
RNDR is currently trading at $7.325 and currently its inside a descending the triangle, a breakout
The price can break up or down of the descending triangle, we will enter the trade based on the direction of the breakout
>> SHORT TRADE <<
Entry level: $7.787
Stop loss level: $ 6.998
Target 1: $ 8.198
Target 2: $ 8.624
Target 3: $ 9.159
Target 4: $ 10.400
>> LONG TRADE <<
Entry level: $ 6.838
Stop loss level: $ 7.590
Target 1: $ 6.548
Target 2: $ 6.305
Target 3: $ 6.062
Target 4: $ 5.689
Max Leverage: 3x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
RNDR LongRNDR has accumulated for More than 600 days, and now RNDR is trying to break this Resistance level once this is broken and close above it will go up immediately, and the ATH (all-time High) may break until 8 - 11 $ so let's see how it will move
The AI Crypto Boom: Is This the Beginning of a New Era?2023 has witnessed a significant surge in AI-related cryptocurrencies . This boom can be partly attributed to the explosive growth of NVIDIA (NVDA) stock, a leader in the graphics processing unit (GPU) industry, which are used to train AI models.
Factors Driving the Growth
NVDA's Rise: NVDA's price has been on a tear, forming a bullish manipulative pattern. This bullish trend has inspired investors to have similar expectations for AI-related coins.
AMD's Accumulation-Manipulation-Distribution Pattern: AMD is not a competitor of NVDA in this context, but rather an example of a successful "accumulation - manipulation - breakout" pattern.
This pattern is characterized by a period of accumulation, where investors slowly buy up a coin, followed by a period of manipulation, where the price is artificially inflated, and finally a breakout, where the price rises sharply due to increased demand.
Effect on Other Coins:
The bullish trend in NVDA and the successful breakout of AMD's accumulation-manipulation-breakout pattern have led to a surge in AI-related coins such as RNDR, THETA, NEAR, and FET.
A Look at Promising Coins:
RNDR: Render Network utilizes a decentralized network for 3D graphics and video rendering. The rise of the metaverse could potentially drive demand for RNDR's services.
THETA: Theta Labs aims to revolutionize video streaming by providing a decentralized content delivery network. The growth of streaming content could make THETA an attractive investment.
NEAR: NEAR Protocol is a smart contract platform focused on scalability and speed. The growth of decentralized applications (dApps) could make NEAR a valuable choice.
FET: Fetch.ai is developing a decentralized network for exchanging data and machine learning models. The growth of AI could increase demand for FET's services.
Important Considerations:
The cryptocurrency market is volatile and unpredictable. It is crucial to conduct your own research before investing in any coin.
This article is not financial advice. Only invest what you can afford to lose.
Conclusion
AI-related cryptocurrencies are experiencing impressive growth. While it is impossible to say for certain whether this is the beginning of a new era, the possibilities of AI in the crypto space are worth considering. However, it is important to conduct thorough research and understand the associated risks before investing.
RNDR CONTINUATION! BYBIT:RNDRUSDT.P
So I'm going to roll with this rndr pump on the 15 minutes... this will continue back up to the $8 mark then I think we will fall again before going up to $10.
Here we go.
Thanks guys!
SAME POLA CHART RNDR & INJ. BULLISH FOR RNDR!!!When analyzing price movements, we notice a similar pattern between RNDR and INJ, especially when RNDR is in a bullish phase. This similarity suggests that RNDR might follow the path of INJ. If this pattern continues, RNDR could potentially reach $10. However, it's important to remember that this analysis has its limitations, and other factors such as market sentiment also need to be considered.
Just For Future ReferenceJust For Future Reference
Just For Future Reference
Just For Future Reference
RNDR/USDT SUPER BULLISH If RNDR able to close its weekly candle above $8.80 we will go reach to Targets powerfully.
The next Solana is preparing himself
RNDR cup and fib matchThis is a quick chart post to show where I marked my cup and handle projection, it lands almost directly on this new fib extension I added, math truly is amazing sometimes.
RNDR over-heated on NVDA hypeRNDR just wicked to the 0 fib or starting fib, this is where the retrace drawing from a swing high starts to be drawn. RNDR is simply carried along by NVDA hype here as the rest of the alt market goes sideways for the most part. I expect a pullback at some point, this bubble has to pop somewhere. Selling 10% is a win win here because I lock in gains, and I have a large bag left for my future thesis projections.
- I have sold 10% of my long-term position here, this covered my entire initial position.
-next target 17$ I will sell 25% of my position
NVDA in the crypto - RNDROpenAI’s SORA ignited the AI sector in various markets last week. Yesterday, NVDA announced its fourth-quarter financial report. The profit exceeded expectations, and the AI sector in the crypto market rose again.
What we are talking about today is RNDR. This project is a Depin concept project established in 2016, specifically a decentralized GPU solution. There is no direct relationship like WLD and OpenAI. RNDR's strong performance is based on the same GPU business as Nvidia. Although there is currently no RWA business benchmarking US stocks, activist investors like to look for opportunities in tokens in related industries, just like WLD.
However, as one of Alameda Research's investment projects, RNDR also has certain risks. The current M.Cap of RNDR is US$2.926b, ranking second in the AI category announced by CMC.
From a technical analysis perspective, RNDR remains in a strong, bullish trend. As early as September 24, 2023, the TSB indicator prompted a BUY signal, and on January 18, 2024, a SELL signal appeared during the fluctuation, with the gains increasing by 167.05%, almost remaining above the wavy area of the indicator during the period. After the fluctuation ended, RNDR started its second round of rise again, while the TSB indicator prompted a BUY signal on February 4, with the current increase being 65%.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
RNDR Navigating Virtual Reality Boom with 360% Upside PotentialToday, our focus is on RNDR coin, a potential powerhouse in the long-term landscape. Given the rapid advancements in Virtual Reality technology and the expanding marketplace, RNDR stands poised to play a pivotal role, potentially leading to a meteoric rise in its value over the years. While the long-term outlook is promising, let's delve into the potential price perspectives for the next 3-6 months.
To kick things off, RNDR has solidified a robust uptrend, with each preceding supply area seamlessly transitioning into a demand zone. Notably, RNDRUSDT recently breached the resistance uptrend trendline, signaling an intensified bullish pressure. For the upcoming months, our attention turns to three key resistance levels determined by the Fibonacci retracement indicator.
The initial hurdle, the 361.8% Fibonacci level, could catapult RNDR by an impressive 140%.
The second, more significant challenge lies at the 561.8% Fibonacci level, promising an enormous 250% growth.
The pinnacle of this bullish cycle rests at the 761.8% Fibonacci level, translating to an astounding 360% surge from the latest demand zone.
In summary, RNDR's future appears exceptionally optimistic, and we remain vigilant, closely monitoring this coin's trajectory.
