updated rndr 4 hour chartRNDR bounced off the demand we predicted a couple days ago and continues the upward grind. The RSI after taking a breather is heating up and looking to renter the zone. A small symmetrical triangle is forming above the updated demand. The token is looking to try to retake the teal resistance and stay within the broader channel. If it falls through the demand should provide support. I am still long here.
RNDRUSDT trade ideas
RNDR/USDTthere is a chance for $RNDR to come down to the $1.90-$2 level buy you wouldn't buy anon right?
you would wait for $5 and hold for a 2x at $10 right?
200ma retest on the daily followed by another attempt on that diagonal resistance lets go!
RNDR bounces off demand RNDR had a healthy and expected correction right into local demand. The token is back above the 50 SMA and looking to either consolidate or make another run upward. The dashed green it just passed is a prior double top and area of interest as well.
RNDR bearish scenarioAs I see it..It tested multiple areas of support and broke beneath them. If we break the $2.20 ..retest to $2.28 than for sure we will see £2.19 and maybe $2.01..if we fail beneath..the next one $1.86
RNDR LONGRNDR Is in a HTF uptrend. It has recently found support on a HTF level and has shifted the local trend from down to up.
RNDR losing steam headed to local demandRNDR setting up to correct heavily for the next leg up. With BTC cooling off briefly and equities continuing to bleed it makes sense for altcoins to correct here. I believe this is the area of demand for RNDR and we should find strong support within this region. The dashed green is the local high.
RNDRUSDT *potential*I have an alert on the 1HR OB thats showing on the chart here, i want to see if the chart will make a new crater so im being extra patient with this one because id like to attack this with pleasure, i will update this one when the alert goes off.
Potential DAY TRADE 016.
Recovering Phase from $2.1 to $2.3Daily Chart
Render Token is in Ascending Multi Channel by #FiboChannel
Now, it's trading around $1.88x and it's not below resistance $1.9 and nearly the higher trend line of channel
If BINANCE:RNDRUSDT fail, it can create Double Top which Reversal Pattern then come back to support $1.65 that's good zones to buy in my opinion
Just wait for next move
RNDR - 1M - $6 / $8 (230% increase)RNDR performs very strong even when the rest of the crypto market colors red. On the weekly and monthly graph there is clearly a cup and handle pattern visible and it is very likely that when this breaks upwards an massive increase can occur.
There is only one big resistance visible around $8, but looking at the graph it seems that the price really can pauze around $6 first. This increase can give a profit of approx 230%. So keep your focus on the long term horizon and don’t panic when price drops sometimes.
RNDR/USDTCRYPTOCAP:RNDR has no chill, anyone who sells will fomo and buy back higher and have less coins that they started with, thats how good the momentum is.
Nice breakout on diagonal resistance!
RNDRUSDTIn this idea I'm using Fibo+Supp/Resis
Here I will put two limit orders one for long position (from the white line) and the other for Short positon (from the yellow line) with tp and sl as U can see in the screen
This is not a financial advice )
RNDR taking out key level after key levelRNDR is my second largest altcoin position and I have settled on a price target setup long ago of 8$, 17$ and 40$. We are seeing multiple levels get blown out of the water. Each green line is a smaller resistance level and higher level channel formation. The dashed green is my next target with a more bullish target of the teal which is an older support/resistance from March. Once RNDR takes 3.2$ teal is definitely possible soon.
RNDR/USDIf BINANCE:RNDRUSDT doesn't reclaim $1.72, I anticipate the downtrend will continue and the price is expected to decline further towards the range lows.
My ultimate shorting goal is around $0.57, as shown on the chart.
After that, I'll be on the lookout for spot buying opportunities for the long term.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
RNDR breaking a key resistance and pushing forward RNDR is my second largest alt-coin holding and has been really picking up steam as crypto rallies. This is a long-term thesis on metaverse, ai, and decentralized GPU sharing. MoC called this one our around 40 cents and I added heavily around 80 cents and on the major pullbacks. We just saw the token break a key area that is the dashed green line and RSI is heating up. We are again above the 50 SMA, and 3 ish $ looks to be in the cards.
RNDR: Overbought at ResistanceTrade setup : Trends have reversed to Uptrend. Price bounced up off of support at $1.30 and broke back above $1.70 resistance and above 200-day MA (~$1.78) to signal resumption of Uptrend. However, price is now very overbought (RSI > 80!) just as it approaches $2.50 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.70 (previous resistance), then $1.30. The nearest Resistance Zone is $2.50, then $2.90.
RNDR VOLUME INCREASEThank you for reading our update. Please remember that this is not advice for trading.
RNDR Looks to have a new uptrend volume
RNDR update dailyas you can see we are under main dynamic resistance and also we are in supply zone so we can g down
we are preparing for a short setup around 2.18
RNDR Render getting ready to correct 50% after this topNot financial advice
All charts made on current market conditions
I can see a play to the short side here on this local top between 1.85-2.00 range.
Wait for pattern to form but we are nearing end of parabolic Rsi curve and the other indicators are showing weakness.
On a longer timeframe the 1 week this token is displaying a cup and handle pattern .
And this 2.00 ish range represents the top of the handle so to get to bottom of handle I speculate we lose 50% to around .93-1.15 range before taking off to around 8.00.
Let's see how it plays out.
Always practice patience
Patience Is Key
#PIK
And Think Like A Whale
#TLAW
RNDR/USDT SHORT 25.10.2023If RNDR gets back below and rejects off q3 open, look for shorts into mid range with stops above the last wick.
$RNDRwaiting for lower around the white line or a break of this trend
then flip yellow to rip otherwise hop off
acceptance below white line would not be good but idea invalidated below yellow
Irrefutable Fact Based Analysis Beyond ReproachThis peer-reviewed analysis has been prepared for you at great personal cost in terms of time and the burn of diminishing brain molecules this Saturday morning for your intellectual and financial betterment, at absolutely no cost to you. The title is self-explanatory to most, with the exception of the less-than-gifted, and for those I have included this brief overview to help you understand the awesomeness of my comprehension of the dark arts of technical analysis at such a great and profound depth. In brief, the phases are as follows. Phase #1. The sheer brilliance of launching an asset in a bear market. Launch the coin and go short. Listen to the retail investors scream as you make money and they don't. Phase #2. Slowly and quietly accumulate the asset at a deeply depressed price. Laugh loudly while doing so. Phase #3. After their divorces, a few retail investors who still have a few dollars in their pocket move back into the market, completely unaware that they are, quite humorously, referred to as "exit liquidity" by a creature called a "whale" that they have actually never really seen, and doubt exists. Phase #4. The Moon Phase. During this phase of the cycle, many learn the word "parabolic" and incorporate it into their daily conversation and written communications, like "Hey Babe, wanna go parabolic at my place ?"
Now unfortunately I have run out of time to discuss the fundamentals of this asset, such as it's real-world use and the practicality of harnessing distributed computing power and the growing demand for such resources in a silicone based world, but I assure you I shall continue my research after I determine who this women is that I found sleeping in my bed this morning, how she got there and where her clothes are.
With great love,
WMW Toronto, Canada
