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RNDRUSDT trade ideas

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.
RShort
by KingCharts
RNDR close to a serious resistanceIMPORTANT: this is a short signal but on HTF which means I'm giving the area in which I'd look for a short but doesn't mean I'm telling you to short as soon as price goes there, this is a WEEKLY chart. RNDR pumped a lot lately but I think the top of this run is almost in. I expect price to reach that DAILY resistance area with weekly RSI being low and then retrace between 30 and 45%. Volume keeps lowering as confirmation of my idea. Considering the coin is relatively young and the amount of volume since last January, it's clear that best price opportunity to fill your bags and hold is gone. Most bearish scenario would be around 0.822 USDT but it's likely it won't go below 1.64 unless BTC dumps hard. I still believe we should see BTC dumping because I think that world economy should reflects also on crypto a bit further but I might be wrong. I'll set an alert for then price reaches the resistance area so that I'll be able to update the signal with a short setup if it's the case. Good luck
RShort
by Shotokhan
RNDRUSDT likely have reversal from weekly support 1.70-178So here are the support levels for this pair. The first support is the daily support zone around 2.313-2.392. The next one is a better and stronger support version which is weekly support around the zone 1.70-1.78. And the best one is the monthly support around the zone 1.391-1.459. Now the question is which strong will make the price reverse. It can be daily but I will bet more on the weekly support. Monthly support is a the most favorable place for reversal long bet but the price reaching there is not as likely as it will till weekly support. But lets watch how the price action develops in coming days. If the price crosses monthly support, then that will provide us a long opportunity as well.
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by angela_altair
RNDR: Bullish Trend, Watch $2.520 ResistanceRNDR is showing a strong bullish trend. The price has increased by 8% in the past 24 hours and currently sits at $2.502, above the middle Bollinger Band of $2.373, indicating the bullish momentum. The Fibonacci retracement levels also offer key price levels. Currently, the price is near the 1 Fibonacci level of $2.520, which could act as a resistance level. Breaking this could see further price increases. On the lower side, the 0 and 0.5 Fibonacci levels at $2.267 and $2.394, respectively can act as potential support levels in the event of a price drop. Your Relative Strength Index (RSI) is currently at 73, which typically suggests that the asset might be overbought. This can sometimes indicate a forthcoming price correction, but it isn't a guarantee. On the other hand, the Moving Average Convergence Divergence (MACD) of 0.083 and the Stochastic Oscillators at 35 both suggest a continuing bullish trend. These are positive signs that the upward price movement isn't over yet. The volume oscillator at 52% shows a good amount of trading volume, backing the current price trend. Meanwhile, the On-Balance-Volume (OBV) of 307M supports the bullish sentiment as it indicates volume is rising with the price. Finally, the EMA 50 at $2.085 acts as solid support. If the price were to fall, it's likely to find strong buying interest around this level. In summary, the trend for RNDR is currently bullish, with key resistance at the $2.520 mark and solid support around the EMA 50 at $2.085. Always remember to keep an eye on volume and momentum indicators to anticipate any changes in the trend. Given the provided indicators, the overall trend for RNDR appears to be bullish, suggesting that the price may continue to go up in the short term. Here's why: The price of RNDR has risen 8% in the last 24 hours, showing positive momentum. The MACD at 0.083 also indicates a bullish trend, suggesting a continued price rise. The Stochastic Oscillator is at 35. A value below 20 often indicates an oversold market condition, suggesting upward pressure on price, and since it's above 20 but below 80, there's room for more upward movement. The Volume Oscillator and OBV indicate that the volume is accompanying the price rise, which often strengthens the trend. The current price is above the EMA 50 and middle Bollinger Band, both bullish signs. However, caution is warranted as the RSI is at 73, indicating that the coin is currently in overbought territory, which may lead to a possible price correction in the future. Also, remember that the 1 Fibonacci level at $2.520 might serve as a resistance point.
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by ShawnMCR
3