RNDR LOOKS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RNDR symbol.
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
RNDRUSDT trade ideas
RNDR 4H Long OpportunityRNDR 4H has broken Market Structure. Price can retrace to Breaker block
OTE Entry - 1.6845
DCA - 1.6757, 1.6648
SL - 1.6364
TP - 1.8013
Note - Please DYOR. This trade is for journaling purpose only.
RNDR/USDT is Building Momentum for Next Rally
💎 On the 1D timeframe, RNDR is sketching an optimistic scenario, suggesting a potential bullish surge.
💎 The MACD is tilting towards a bullish divergence, signaling a possible upward shift following the consolidation breakout.
💎 A retrospective glance reveals the price took a downturn after establishing equal highs. Moreover, the shift from demand to supply further intensified the bearish pace.
💎 There's a clear untouched supply and bearish territory. It seems likely that RNDR will target this area for equilibrium in the near future. However, if the price slips past the support zone, brace for a potential drop.
💎 In the dynamic realm of crypto, staying informed is essential. Keep an eye out for further insights and relish your trading adventure.
Reversed, Time to BuyChart 4H TF
After bounced back from the support, Render Token BINANCE:RNDRUSDT is trading at 1.735 now and moving up to the resistance
Right now, RNDR is in the ascending channel acts support
Can trade on lower timeframes
Wait and see next move
RNDRUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR
Breakdown the support | Short BiasDaily Chart
BINANCE:RNDRUSDT has broken down the support and now it's retesting to drop again.
Render Token has the support at lower line of ascending channel.
So wait for rejecting and short
RNDR/USDTfalling wedge pattern, really starting to compress here. I have a decent bag of this project, expecting a nice pump!
Render shortRender bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 1.54 is expected to happen.
Bearish trend INCOMINGaccording to my analyse and research, Render will enter downtrend after pumping more than 500% from the beginning of 2023.
#rndr #bitcoin #render #crypto
$RNDR, April lows next? $RNDR
At the edge of a new big potential drop after the top back in May
Falling from here and we may see April lows next (1.25$)
UCTS 2D Sell signal as trigger of the short position, 20% up in profit so far.
LONG RNDR SPOTLooks like rndr going to pump as hell. Next monthly candle soon and I think we gonna play it out. Spot cause the SL would be the base line so around break of 1.66. If we would somehow got there I'm opening position with leverage cause it would be less risk
RNDR: Descending Triangle BreakoutTrade setup : Bearish breakout from Descending Triangle pattern, below $1.70 Triangle support level, which confirms downtrend with downside risk to $1.00.
Pattern : Price was trading in a Descending Triangle pattern. Typically, a breakout will typically occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $1.70, which it broke, then $1.00. The nearest Resistance Zone is $2.50, then $2.90.
RNDRUSDT SHORT⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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RNDR Daily ( Bullish Scenario ) In the daily timeframe, #RNDR has reached a very favorable range ( 1.64 to 1.60 ). For spot buying , we can consider taking a buying position in this zone, while keeping capital management in mind.
Pulling back to 1.8x | Short BiasRender Token BINANCE:RNDRUSDT has broken down the ascending trend line and pulling back now
It's trading at 1.80x
RNDR has a resistance around 1.88x and can short at that level
Wait for a confirmation around there to open position
$RNDRclose above here its good to go up
reclaim of previous key support is....
stoch looks bottomed so assuming we flip blue line above either way hopped on and will review then
IF we nuke $1.4 bid
Trying to find confluence on the chartUsing Wyckoff concepts and Elliots.
With Wyckoff, having another spring and liquidity grab is important, with Elliot, its can get to 50% fib and rally.
RNDR Mid-Long Term PlanLong ass range isn't it?
Just an idea on how things could play out.
If we get acceptance back into the range I wouldn't put it past a bullish dildo to mid point of the range.
If BTC pushes up above 31k, wouldn't be surprised if RNDR hit the Top of the range.
Pros:
1. AI narrative still going around
2. Popular amongst CT
3.Everyone wants to short this, so easy to hit short squeezes due hype.
Cons:
1. Shitcoin
2. Narrative pump
3. If the point is to rent out GPU computing power, then why do you need a token?
(Sounds like something that will have heavy sell pressure, once the narrative dies out)
NB! invalidation is clear, which is why you should be careful for a SL hunt.
RNDRUSDT to the Moon!Bulls are clearly dominating as we can see how every support is being respected. And right now price stands near the critical demand area while remaining near the bottom of the ascending channel. This is likely to be a huge buying opportunity, potentially for a 200%+
RNDR EXTENDED BEARISH MOVEMENTHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
RNDR STILL BEARISH!
As we can see price is still overall bearish trading inside this clean channel
Price making clean lower lows and lower lows as well!
However, as the price will be approaching our lower support zone lining up with our lower bound of the channel.
Then we will be looking for new longs on RNDR.
Unless price managed to test our falling trendline, then we will be looking for new bearish movements as a trend-following setup.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Render Token RNDRUSDT Price Analysis (12h)🌟 Greetings, fellow traders and investors! 📊💹 Let's dive into our detailed analysis of Render Token (RNDRUSDT)!
Currently, RNDRUSDT is exhibiting a consolidation phase within two significant bearish structures: the Rising Wedge and the Head and Shoulders pattern. These patterns often indicate an impending downward movement in the coming weeks, making it a crucial time for traders to be attentive to potential market trends.
📉 Rising Wedge: This pattern is characterized by a contracting price range between upward sloping support and resistance lines. As the price continuously narrows within this wedge, it suggests that a breakout to the downside is likely on the horizon.
👤 Head and Shoulders: The formation of the Head and Shoulders pattern indicates a potential reversal in the price trend. It comprises a higher peak (head) flanked by two lower peaks (shoulders), with the neckline acting as a critical support level. A decisive breakdown below the neckline often signals a bearish move.
🎯 Price Targets: Based on our analysis, we have identified potential targets determined by the height of the Head and Shoulders pattern and the Rising Wedge. These targets are located within the support zone of $1.27 - $0.95. Traders should closely monitor price movements and be prepared to act accordingly to capitalize on potential profit opportunities during this phase.
It's essential to exercise caution and apply robust risk management strategies while navigating these bearish structures. Always stay informed, monitor market conditions, and consider various indicators to support your trading decisions.
As always, we'll keep a watchful eye on RNDRUSDT's developments and provide timely updates to guide your trading journey. Wishing you fruitful trades and successful market endeavors! 🚀📈✨
