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Render (ERC-20) / Tether

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RNDRUSDT trade ideas

Render Token Flashed Bullish Crossover On The Daily Chart The entire crypto market is pumping hard right now. However, it will be essential to trade the assets with the most significant potential based on technical indicators and chart setups. might be one of them. The token flashed a bullish MACD crossover on the daily chart. This usually indicates the initiation of a bullish trend. Nevertheless, you should be cautious when entering a trade. Here's why 👇 Currently, Render trades at $6.62. Based on the chart, the token faces a strong resistance at $7. Accordingly, you might want to wait until the token clears that line before entering a trade. Alternatively, you can go for setup with a first take-profit at $7. --- Disclaimer: This post is no financial advice!! Please do your own research.
RLong
by ben_walther
Breaking Alert: Is RNDRUSDT About to Skyrocket or Plunge?Yello Paradisers! Is #RNDRUSDT on the verge of a major breakout or a sharp decline? Let's dive in to find out why this could be a game-changer for your trading strategy. 💎#Render is currently compressed between the falling wedge's trend lines. We are expecting a bullish breakout soon due to increasing volume and improving macro market sentiment. 💎If #RNDR is rejected by the upper trend line of the falling wedge, we might see a retest of the bullish order block (OB) at $5.81. This area has provided strong support for RNDR multiple times, as it is packed with liquidity. 💎Should CRYPTOCAP:RNDR fail to rebound from $5.81, the next level to watch is the lower support at $5.42. The probability of a rebound from this level is significantly higher. 💎If #RNDR continues to fall, the bears will take control, potentially leading to a bearish continuation. Stay focused, patient, and disciplined, Paradisers. Trade smart and avoid the herd mentality. MyCryptoParadise iFeel the success🌴
RLong
by MyCryptoParadise_Simon
3
RNDR Long Opportunity📉 RNDR/USDT Weekly Chart Analysis 📈 🌟 Trade Idea: We're observing the RNDR/USDT perpetual contract on Binance. The price is currently showing signs of a potential reversal. We're targeting the **Sellside Liquidity** area for this setup. 💡 Key Levels: - Current Price: **$6.10** - **Sellside Liquidity** Zone: Around **$4.00-$5.00** 🔍 Trade Setup: 1. Wait for the price to tap into the **Sellside Liquidity** zone. 2. Look for bullish reversal signals within this zone. 🛠 Technical Indicators: - **FVG (W)**: Fair Value Gap on the weekly chart could act as support. 📅 Timeline: This setup is expected to play out over the next few weeks. Patience is key! ⏳ 🔔 Action Plan: - 📉 If the price dips into the liquidity zone, be prepared for a potential entry. - 📈 Watch for confirmation of a reversal before entering a long position. Good luck! 🚀
RLong
by SerenityEquity
RNDR: Key Buy-Back Zones to WATCHRender has completed its bullish cycle and is now moving steeply into bearish phase. Now this does not mean I am not enthusiastic about RNDR - In fact, it was on my list of top AI coins to watch for 2024: I also called for higher prices early on. And now, it's time for a pullback. This is NOT a bad thing - it gives you a chance to buy back in at lower prices, in anticipation for the next rally! I've market two zones for each timeframe that I will be watching as potential zones for spot buys. Don't miss yesterday's analysis on ETH: _______________________________ BINANCE:RNDRUSDT
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by CryptoCheck-
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!
RLong
by shyamnair
5
Render Crypto: A Bullish Breakout May Be in the CardsBINANCE:RNDRUSDT has exhibited mixed movements recently. Observing the exponential moving averages (EMAs), it can be noted that the 9 EMA and the 20 EMA have been closely aligned, indicating a short-term consolidation phase. The Moving Average Convergence Divergence (MACD) indicator reflects a subtle bearish trend. The MACD line is below the signal line, with histogram values suggesting a weakening bearish momentum. This could imply a potential for sideways movement or a slight downtrend if the bearish momentum gains strength. Relative Strength Index (RSI) values, hovering around the mid-40s, indicate a neutral stance, neither overbought nor oversold. Given the current technical setup, key resistance levels are identified at $6.649, $6.751, and $6.99. If the Render crypto price breaks above these levels with strong volume, it could signal the start of a bullish trend. Conversely, support levels are noted at $6.244 and $5.853. A breach below these support levels could indicate further downside potential, with the pair potentially targeting lower support zones. For traders looking to enter long positions, an ideal entry point would be above the $6.649 resistance level, with a close monitoring of the MACD for signs of bullish crossover and RSI moving above 50. An exit strategy for long trades could be set near the $6.751 resistance level, or higher if the bullish momentum sustains. For those considering short positions, entering below the $6.244 support level might be prudent, especially if the MACD continues to reflect a bearish trend and RSI remains below 50. Setting an exit point around the $5.853 support level would be advisable, keeping an eye on potential reversal signs. In conclusion, the RNDR is currently in a consolidation phase with a slight bearish bias. Traders should watch for breakouts from key levels to determine the next significant movement. The interplay of the EMAs, MACD, and RSI will be crucial in identifying potential trade setups.
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by Ecoinimist
1
RNDR PULLBACK FOR A LOWER HIGH With the recent bullish divergence spotted on the daily time frame. I've noticed that price action is rejecting the fib level of 382 ($6.06). My thesis is that render may pullback from this level to create a lower high at the 618 level ($9.01) before shorting back down to the $6 mark, breaking support and entering into the 236 at $4.21. If this chart plays out how I'm imagining it too, I feel like it would be an awesome time to begin loading up on CRYPTOCAP:RNDR for an epic discount, before the price starts to pick up again. Let me know how you're feeling about render in the comments below. Peace & Prosperity - Kaia Tait.
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by kaiatait
RNDR - Last ChanceRNDR is now at critical support; if it's going to attack that $9-10 zone or even think about new highs, it needs to hold here. Left the previous drawings on the chart to remind myself that I should take these setups next time and trust my own TA a little bit more. If not, we are probably looking at a new accumulation zone were the roundtrippers or buyers of the bubble slowly capitulate. This is what we call time capitulation after the initial fast downmove. That would probably create a range between 2.5 and 5 dollar (or something similar). Whether dead cat or new highs, usually charts bounce in that area so it's something to keep an eye on. For now we're holding support though, buyers here should look at a reaction at the 9-10 dollar level for taking profit.
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by Tealstreet
2
BTC and RNDR drop, how do we manage the risks and rewards?Bitcoin is dropping. What are the levels are bearish traders targeting, and when could the bearish momentum end? Additionally, we'll examine RNDR to discuss how we can manage the risks and rewards of the current descending triangle pattern. -------------------- As always, do your own research and proceed with caution. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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by ThinkMarkets
RNDR Price Update in 3-day Timeframe.Render (RNDR) is currently holding support at the 100EMA ($6.77), and a rebound from the current position will likely push the price back to the primary resistance at $9.219. RNDR has yet to hit the long-term supporting trendline, and once it does, a strong rebound can be expected. Important Points: - Current Support: $6.77 - Lower Support: $5.2 - Resistance: $9.219 - RSI: Below 50 and close to the oversold zone I hope this update was helpful. Do not consider this financial advice. Regards, Team Dexter #RNDR #Altcoins
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by Dexter_The_Trader