RNDR - ReboundHi Folks !
Find enclosed the update of the chart for RNDR.
This Crypto is looking quite strong amongst the top 100.
It was time for me to secure a reasonable TP2 (50% of the position) after this rebound of 40%.
Considering the current strength I will keep the remaining in trend following Next Target will around 3.10
Let follow through !
RNDRUSDT trade ideas
RNDRUSDT(Render Token) Daily tf Range Updated till 18-05-23RNDRUSDT(Render Token) Daily timeframe range. it got some good retail interest now. it already closed above #1.989 and got a clear space till #3.290 but thats possible if the retail interest keeps up. if not than back to #0.951.
RNDR possible HS, It's possible that RNDR is forming a daily HS. Same as bitcoin I expect if this scenario play out that we can get a doos short position.
RNDR breakout a strong break out from the resistance level and is also making HnS targets are mentioned in the charts
RNDRUSDT right on track towards daily resistanceThis level seems to be resisting the price to go up. The price has reverted back on several occasions. But this time could be different and the price may finally be able to move higher. The swing idea of the price reaching to the daily resistance around 2.08-2.12 is still in play. However, I would also consider taking some profit at 2.025 level as marked on the chart.
[Update RNDR] I'm short.Range levels, monthly levels, etc. Don't gonna explain too much. Colors are fine, it is what it is.
RNDR is almost ready for launchSitting on support, RSI looks good, loads of positive volume. Possible targets could be 4$ and ATH.
RNDRUSDT well on its way to first 1.857 and then prob 2.08So the area 1.748 was a good level to book profit and load a bit lower. I think this one is still good for moving up and should not lose the last low. As mentioned again, the next level to watch and book profit for is 1.857.
RNDR TO 1.91Risk taker and market analyst hoping to strike it big in the trading world. Learning, growing, and hustling my way to success."
RNDR USDT . FLYHello, I am known as a famous trader who works in the field of stock market and technical analysis. My experience in this field is very valuable due to accurate analysis and examination of market conditions.
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RNDRUSDT long from 1.628 up to 1.699As mentioned in the update of the previous post, level around 1.628 was for long. So the trade idea here with the chart. I believe its going higher but first resistance it will face around 1.699. Lets target that first.
Possible Buy IdeaOnce StochRSI hits bottom of triangle looking to add to position. I am a buying when there's blood in the streets.
RNDRUSDT moving up nicely and targeting daily resistanceIf long from the bottom of the support zone as suggested in the last post and several updates, reducing some size at 1.857 will not be a bad idea. I believe there will be an opportunity to add the size a bit lower from there. Anyways the swing trade to daily resistance remains valid. However, such reducing and increasing the size allows to benefit from the lower time frame movements.
RNDR ANALYSIS - OUTLOOKCurrently RNRD Looks like will break the trendline after volatility one day before, we expecting that the price movement will touch the SND or SNR Flop at the red zone "expecting the reaction here".
then will move up to get the liquidity before continue goes down to discount area
RNDRUSDT may have a good bounce from weekly supportThis one seems to be heading for weekly support around 1.70-1.78. That is a zone good for long opportunity. That zone is still 6-10% away from the current price. But if it reaches there, a long would be favorable for a swing trade towards the daily resistance around 2.08-2.12.
RNDRUSDT is in a tough spot! See why hereLooks like we could see momentum ranging and then we see a big dump.
Because price is below Center of Contraction on the 2H timeframe, we are only looking for shorts!
RNDR - found supportRNDR had corrected twice in March followed by a new high.
It's correcting for last two weeks. However, it has found support. That means, it could prepare for another leg on the upside towards new high.
If the $1.65 support is broken then $1.45 is the next lower support.
Important update on the Crypto Market; understand RNDR!Quick Intro
In this fundamental analysis article, we will explore RNDR (RenderToken), a distributed GPU rendering network built on the Ethereum blockchain. RNDR aims to revolutionize the rendering industry by connecting artists and studios with GPU providers in a decentralized manner. We will delve into the workings of RNDR, its token utility, and the notable aspects of the project.
Overview of RNDR:
RNDR was conceptualized by Jules Urbach, CEO of OTOY, Inc., in 2009 and launched in 2017.
The project conducted its first public token sale in October 2017, followed by a private sale period from January to May 2018.
RNDR raised a total of 117,843,239 tokens during the private sale, with each token priced at $0.25 USD equivalent.
The RNDR Beta Testnet involved early adopters, including beta node operators and artists, who collaborated with the team to refine and test the network.
On April 27th, 2020, RNDR went public with its official launch.
How RNDR Works:
RNDR operates on the Ethereum blockchain, utilizing the ERC-20 standard for its utility token.
Artists on the network can exchange RNDR tokens for GPU compute power provided by GPU operators, enabling efficient rendering of complex graphics.
RNDR employs a combination of manual and automatic proof of render mechanisms to ensure the successful completion of rendering tasks before payment is disbursed and the artwork is released.
The network utilizes the inherent security properties of the Ethereum blockchain to hash and distribute proprietary assets to nodes for rendering.
Payments for rendering services are held in escrow during the process and released to node operators upon manual verification by the commissioning artist.
To prevent malicious activities, rendered assets remain watermarked until payment is received, and all payments are held in escrow until successful verification.
About RNDR:
RNDR is backed by OTOY, Inc., with its team based in Los Angeles and members located worldwide.
The advisory board includes industry leaders such as Ari Emanuel, JJ Abrams, and Brendan Eich, providing guidance in aligning the project's objectives with the cryptocurrency and Hollywood production communities.
RNDR has seen growth in its user base, with the number of active addresses reaching 29,000 compared to 22,000 three months ago, indicating increasing adoption and interest.
tldr:
RNDR presents a unique use case for blockchain technology in the rendering industry, providing artists and studios with access to efficient GPU compute power. The combination of decentralized rendering, secure payment mechanisms, and a renowned team backing the project positions RNDR as a potential disruptor in the field. As the project continues to grow its user base and expand its network, the future adoption and utility of RNDR will be key factors in determining its long-term success.
My mid-term thoughts on the price:
The TPI is currently in the negative territory, to we might go lower in the mid-term (couple of days / weeks).
On the Long term I do see the price of RNDR going up if the strength of the cryptomarket continues to go up; the current long-term TPI is quite high.
Long term Crypto market is only slightly bullish on the long-term TPI:
Down below I linked a previous idea I made where I explain how the TPI works
I also linked the momentum channel indicator that I made, it's free for use here on TradingView, I made it a public script
RNDRUSDT long ideaThis can be a good scenario for a long position. We have both static support and dynamic support at this point. There is also a possibility of a head and shoulder pattern forming. The numbers in the chart do not mean my entry or exit point and I will enter the position after confirmation
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
RNDRUSD ❕ broke down the channelAfter breaking through the channel, the movement of the asset has acquired a downtrend.
I believe that the RNDR will continue to decline after the price fixes under the support level.
RNDRUSDTHello and welcome back,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for RNDRUSDT
According to our last analysis on May 4, we expected a decline for the price to happen and currently we have this expectation happening well. In the present chart, R1 and R2 are the resistance areas to mention and both express the unsuccessful attempts of price in order to rise. S2 and S3 used to be resistance areas. And finally at the bottom, S1 is a long-term support line at which the support of price at various points is clearly seen. We can observe that the price was in a rising trend after breaking S3 upward but via some rejections and disabilities in order to rise more to higher amounts, it was supported well at S1 line and made its rise toward R2. There the pressure of sellers forced another decline and it fell toward S1 line again via a negative Marubozu Candle. At the moment, the price is fluctuating below R1 area and we believe the price to have more decline to touch S2 area or even by falling more and activating our stop-loss point, more support and fixation would happen and another rising trend is waiting for it to reach higher amounts such as R1 or R2 (which are believed to be great points to save your profits). By the time the price loses the support at S2 and moves below this area, it certainly faces more decline toward S3. So wait for it to have some support and fixation there, and then enter trading in its retest trend upward. Our prediction would be less decline when the price is moving and fluctuating over S1 line. Please be cautious about various points and details and remember that for enjoying less risky trades. You can obtain every piece of information and details through our analyses and updates. So keep moving with our team.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a great time
