RNDR - BULLISH COUNT TO THE BEARISH
This is the bullish scenario to the bearish scenario since past few days after taking profit twice on the last call (see previous analysis on page for context).
What's interesting for this scenario is that if played out the bulls have regained this market for RNDR for at least midterm and it will also support or higher timeframe primary analysis on the daily timeframe (see previous analysis on page for context).
RNDRUSDT trade ideas
RNDR - WHO IS YOUR MENTOR (SEE PREVIOUS ANALYSIS FOR CONTEXT)Couple of weeks now I have been calling every move on RNDR. Catch the next flight on this one.
Render (RNDR) long and hold for whileRender (RNDR) has set a higher low.
If RNDR reclaims 1.66, (0.5 FIB-level), I think it goes for higher highs on weekly time frame (85% gains)
If you have conviction on RNDR this could also be a good DCA spot.
RNDR moves fast, so this long time move can play out faster than you think!
RNDR/USDT30% pump coming for RNDR
are you ready?
if we come to support of the white line I will add!
$RNDR SHORTBINANCE:RNDRUSDT SHORT - 1 month range has been $1.3 - $1.55. Deviated above the range for a few days and now back inside again. Lost horizontal and diagonal support. Bearish retest and reject.
RNDR longRNDR bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 1.64 is expected to happen.
Test, fail | Short BiasChart 4H TF
BINANCE:RNDRUSDT is on the support zone around 1.47 if it breakdown and close below this level. I expect price will down lower to 1.395
Otherwise, RNDR also has the resistance around 1.54 when it goes up if bounce back from the support
Time will tell
RNDR - 2ND TARGET HIT 10% WOTHOUTOUT LEVERAGE
I told you the higher it goes the harder it falls. No doubt we are smashing it. 2nd target now hit totaling 10% without leverage and 1,000 x100.
Now is the time to de-risk this position we would have been taken out if we'd set it too early as price went to test entry twice. Now set stop loss to entry to breakeven while we wait for 3rd target.
#RNDR/USDT breaking the PWL and the Diagonal Trendline in 4-Hour#RNDR/USDT breaking the PWL and the Diagonal Trendline in 4-Hour TF!
$RNDR is looking heavy. Wait for Breakdown and retest to Short it.
The final target will PML $1.2488.
RNDR IS VERY BEARISH (4H TF)RNDR has reached a daily resistance. RNDR actually returned to this resistance, which is a falling order block, to gather orders.
CH has made a downtrend which is a good confirmation. In my opinion, RNDR is very runny.
I have specified the goals.
I have specified the invalidation level, closing 1 daily candle above this level will cause an analytical violation.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RNDR SHORTBINANCE:RNDRUSDT SHORT
Deviation above range highs to hunt stops and back inside the range again.
Bearish divergence building up on 6h since last Friday.
Entry now: 1.48
Target: 1.33
Stop: 1.54
RNDRUSD ❕ divergenceTD Sequential formed a reversal signal down (30m TF)
Price and RSI formed a divergence, volatility continues to decline.
I expect the price to decline.
nice sell on RNDRUSDTHello guys how are u
nice resistance orderblock on rndrusdt
time freame daily
good luck
dont forget support me
thanks
RNDR/USDT Approaching Resistance ZoneHey traders👋
RNDR coin has reached resistance zone where at the same time we see that we are witnessing a crossover on EMAs.
EMA 100 is in process of taking over the upper size on EMA 200 which is currently held back by resistance zone. We are keeping eyes here for potential major movement to happen so you should as well!
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
RNDR - 45M THE HIGER IT GO THE HARDER IT FALL
Nothing has changed except that price went back to entry level to take out stop losses and breakeven. The higher it goes the harder it falls, and that fall is imminent.
Pay attention to the next dropThe historical rise has been a compound rise, not an impulse. This indicates that all this rise is nothing but a correction, and it represents 61% Fibo of the length of the previous downward wave.. It is expected for it to drop to the shaded area in order to end the historical correction of the currency.
RNDRUSDT Promising Trajectory💎 On May 19th, #RNDRUSDT reached its highest point in 400 days, testing the $2.95 level. However, what followed was a persistent decline, resulting in a substantial 57% drop.
💎 A noteworthy aspect of this decline is the price action surrounding the 61.8% Fibonacci support level. Bulls have demonstrated resilience in defending this critical level. Simultaneously, a bullish divergence pattern has emerged on the MACD indicator, hinting at a potential trend reversal.
💎 Adding to the positive developments, last week witnessed a decisive breakthrough above the downtrend trendline by #RNDR. This represents another significant piece of the price action puzzle.
💎 With these factors combined, it becomes plausible to consider that the probability of an uptrend has significantly increased. As long as #RNDRUSDT maintains its foothold above the current support area, the prospect of a sustained long-term uptrend remains intact.
💎 A formidable resistance barrier looms at the psychologically significant level of $3.00, coinciding with the 161.8% Fibonacci retracement level. This implies substantial upside potential, amounting to nearly 140%. However, it's essential to recognize that such a robust move may unfold over weeks, if not months.
$RNDR performed Descending broadening$RNDR performed Descending broadening wedge
What is a descending broadening wedge?
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
RNDR daily Charthi every one
as you can see RNDR is under main pivot weekly and daily so we can consider this movement as a pullback to broken support for now 1.6 is acting as a Resistance, expecting to go down again you can short here with a tight stop above 1.67,
if break 1.6 you can long after the pullback, but I am not expecting to go long for now
use proper risk management
Strong Resistance Ahead | Short BiasDaily Chart
RNDR is moving up the resistance around 1.75 that's confluence zone so I think RNDR can reject this level and pullback
Wait and see what happen
