Render may Retest the Key Level Formed Before the Lift-OffRNDR is likely to retest a key level established prior to the lift-off. The upper boundary of the channel formed needs to be respected for the price to find a robust support before any potential rally.
RNDRUSDT trade ideas
RNDRUSDT on support, likely to move up towards 4h resistanPrice is at local hourly support. Lets try a long here towards 4h resistance and probably higher.
RNDRUSDT high time frame updateWe have talked about this monthly resistance in some of the previous trade setups. The resistance is doing its job till now and have kept the price controlled and currently trading just under it. The daily support under that resistance is holding the price and providing the bounce we see.
RNDRUSDT likely to head down o 2.54 from 4h resistanceAnyways, I decided to take this short trade. While redrawing the chart I noticed that the 4h resistance was not drawn correctly which explains a bit excessive divergence from the resistance zone earlier. Anyways, I have redrawn that 4h resistance appropriately now. So now the price is heading towards resistance to retest it from below so probability is favoring short here. But entry is a bit conservative so possible it wont get filled. First target is 2.547 but may also extend to 2.51.
RNDRUSDT trading around 4h resistance, likely to head to 2.55The price is at 4h resistance again. Well, it can break the resistance this time but still short is favorable here. I would bet for a short here with a small position size. Target is 2.55.
RNDRUSDT on hourly support and may bounce to 2.56-2.59The price retraced from the 4h resistance as marked on the chart as the final target of the last long trade. Now the price is again at the hourly support and expect the price to bounce here . The bounce is actually already taking place while I am writing this. Target marked on the chart for this long trade.
RNDRUSDT at daily support, likely to head towards 2.54 and 2.60The price has entered into the daily support zone. This provides a trade opportunity favoring a long. The price may breach the level briefly but I think it is going to bounce enough from here to provide the long trade opportunity as marked on the chart towards 2.54 and 2.60.
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RNDRUSDTRNDRUSDT was on strong bullish run but now it seems like it run out of gas and brake below inclining trendline. Currently it is testing the broken trendline and also facing some bearish trouble from 50EMA.
Will it continue its trajectory downward?
RNDRUSDT likely head down towards daily support around 2.45Since the price has broken down the previous 4h support conclusively and trading below it, I would expect it to aim towards daily support. The daily support zone lies around 2.45-2.46. However, it may breach lower towards 2.36 as well. But anyway, that would be an opportunity for a long trade.
Render multi timeframe analysison the 4hr tf we have a head and shoulders that i believe we will retest the neckline and go short on the tf we have a tower pattern also sending us short
RNDRUSDT likely to head towards 2.70So seems a long can be tried here. I see the price going a bit up here and target 2.71. But may drop the position on the way depending on the price action.
Render Token (RNDR) forming bullish Gartley for upto 14% pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair.
Our last successful trade of RNDR was as below:
Now on a 4-hr time frame, RNDR has almost formed a bullish Gartley move for the next bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Correction wave is happeningOn D TF,
BINANCE:RNDRUSDT has completed the impulse wave at 2.95.
Now, it's correcting to around 2.2
Wait and see the first leg
RNDRUSDT showing weakness against BTCUSDTAs mentioned before, this one is showing some weakness and not even matching up to BTC move. Anyways, the price is currently ranging between the 4h support and 4h resistance zones. There were several touch to the support and price bounced to the resistance zone and pushed back from there. The system says to short it now from the resistance zone to the support zone. But I will stick to the long for now. So lets see if price comes back towards support one more time or breaks to the upside. Probably I will look for a long around 2.666.
RNDRUSDT at 4h support and likely to head to 2.70The price is at the next 4h support. This one is a bit reasonable support than the previous one. Lets try this long towards 2.70 area.
Render's Rally ending? Trading Insights & Retrace AspectsThe rally in Render appears to be reaching its conclusion. Over the past few months, Render has been an intriguing trading token, outperforming BTC by surging from 0.9 to its monthly resistance level of 2.93 (Bybit).
Based on my wave count analysis, it seems that we are approaching the end of the rally at this resistance point. I observe a potential ending diagonal pattern, consisting of a fifth wave within a fifth wave within a fifth wave, characterized by declining volume. A final upward push towards the monthly resistance, accompanied by RSI divergence, could serve as a short trigger. Alternatively, a more cautious approach would be to wait for the breach of the extreme point of wave 3 within the ending diagonal.
If a retracement occurs, the target could be a return to the previous fourth wave of a lower degree. This area coincides with a monthly resistance level, Fibonacci 0.618 retracement level, and the fixed range point of control for wave 4 according to my highest count degree.
In conclusion, the success of this swing trade will depend on the extent of the upward movement before encountering divergences or a reversal. If realized, this trade has the potential for a risk-to-reward ratio of approximately 3.85.
I will closely monitor Render for further signs of weakness, which could present a short-selling opportunity, or to observe if it breaks through the monthly support level accompanied by notable volume
RNDR ( mid - long term hold ) RNDR ( mid - long term hold )
Market Cap: 1B
Category: AI
Target 1: 3.9079
Target 2: 4.8257
Target 3: 5.8423
Stop Loss: 2.4819
( if you get stopped out ... re-enter on 2.6231 level )
Manage Risk - have a stop loss in place
Not Financial Advice
This is for Entertainment Only
RNDRUSDT at support and may head to 2.78 zoneNow since the price is at support, a long is favorable here. I expect the price to march up at least till 2.78 area.
RNDR - falling from the skiessignificant clean trend wall resistance increases the probability of a possible correction towards inefficient price action area.
RNDR-USDT: Potential Trendline Fakeout and Retracement?
The RNDR-USDT trading pair is currently exhibiting a pattern of higher highs, suggesting a positive trend. However, traders should be cautious of a potential trendline fakeout within the range of 2.956 to 2.970. It's crucial to closely monitor the price action as it approaches this level, as a break below the trendline could indicate a shift in momentum.
Furthermore, there is a possibility of a correction in the market, with potential support levels in the range of 2.250 to 2.350. Traders should be prepared for a potential pullback in price within this range.
Traders should closely observe the price movement and wait for confirmation before making any trading decisions.
#plan your trades and trade your plans.
