RNDR Full Analysis & Entry LevelsI would like to note that I normally don't do retail patterns, however this symmetrical triangle on RNDR is too obvious to ignore.
From what I know about symmetrical triangles, the first move is always the false move. Look out for a liquidity grab below the bottom trendline to hunt traders' stop losses.
Once the market makers have the necessary liquidity to fill their orders, they will push price back up into the triangle to stop out any late shorts and take it the other way.
Something to note is that we still have a daily fair value gap up at $10.31. You will normally not see those left behind unless the market makers are planning to return to that area. Once we have no fair value gaps overhead, price will have little reason to continue up, but as long as that D FVG remains, expect us to return there.
Ideal Long Entry Levels:
Demand & 2024 VAL - $6.757
SFP of 3rd Low - $5.87
Weekly FVG - $4.83
Daily Demand - $4.022
Ideal Short Entry Levels (Use These for Long Take Profits):
Wave 1 Low / Golden Pocket - $9.73
Daily FVG - $10.297
Daily Supply - $10.546
Daily Supply - $11.345
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RNDRUSDT trade ideas
RNDR Update in Daily Timeframe#RNDRUSDT Update:
Timeframe: Daily.
RNDR is holding strong support at $6.8, and it is likely possible to see a bounce back soon. We can expect a 35% to 45% rally on RNDR, only if it holds the price above the local support level.
Crucial areas to look at:
~ Bounce back from the $6.8 support level.
~ Bounce back target between 35% to 45%.
~ Invalidation point: A close below the $6.8 support.
DYOR, NFA.
#RNDRUSDT #crypto
RNDRRNDRUSDT is in a consolidation phase, either side break out can be expected. For better entry wait for break out. Below is the reason for this coin to pump in this bull run.
The biggest problem we're facing in the coming times is the shortage of GPU (Graphic Cards). Because graphic cards are used in every modern technology:
Machine Learning (AI)
Gaming
Mining of Crypto
Blockchain
Web 3
And all these things are dependent on GPUs. The only project that was solving this issue was CRYPTOCAP:RNDR , which surged from $0.20 to $15, a 50x increase, meaning a 5,000% pump.
Render — Bollinger Bands Indicate ReversalRender Token has flashed a bullish Bollinger Bands signal on the 4H chart.
The signal is triggered when the price touches (or falls below) the lower Bollinger Band. Very often, this indicates a price reversal.
Based on the backtest, the signal has a success rate of 94% to achieve 2% gains and 67% to achieve 5% gains.
Therefore, since the signal is calculated at a profit potential of 8%, it might be wise to choose a lower target.
RNDR: break pattern📊Analysis by AhmadArz:
🔍Entry: 9.780
🛑Stop Loss: 9.200
🎯Take Profit: 10.270 - 10.787 - 11.304 - 11.811
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
RNDR Update 4Hits in pullback process , we wait in here for reaction to blue zone, if we see buyers weakness we will go for short setup
Render Market Structure Render Market Structure. Bullish divergence, respecting strong support. Potentially up 80% within around 25 days.
RNDR || Take Profit 50% As simply shown,
RNDR targeting 50% within a few days as the coin has formed very strong signals to turn on the rocket to the sky!
RNDRUSDT: Bullish Trend (HHs & HLs)RNDR is moving in uptrend after the bearish cycle, and currently RNDR is forming HHs and HLs on 1hr time frame with Bullish Divergence and also break the previous LHs, that is confirmation of the bullish trend so we can take a long trade on CMP OR mention Entry Price on the chart.
RNDRBINANCE:RNDRUSDT The uptrend has weakened.The range of 5.5 and 3.40 should be maintained under any circumstances
Otherwise, the bears will return BINANCE:RNDRUSDT
RndrRndr 1h time frame
Bullish flag , wait to break out and confirmation, Target is $8.60
Long
#NFA #DYOR
Fallow above link for quick update
RNDR 2 week HL watch. 12 Hour downtrend channel upper trendline test.
If BTC hold this low then RNDR is trying to get D OS bounce going to set a 2 week Higher low.
If BTC goes to D OS then RNDR can still potentially form a M Inside bar .
Market Analysis: RNDr Coin Deep Dive🔍 let's delve into the RNDR project. RNDR, short for Render Token, is a project aimed at decentralizing GPU-based rendering solutions. It leverages the power of blockchain technology to connect users who need rendering work done with GPU owners who have spare processing power. This innovative approach aims to create a more efficient and scalable rendering ecosystem.
📉 As seen on the chart, RNDR has experienced a sharp decline and is approaching the support level at 6.999. This support is crucial as it is marked by a primary support line in blue, which holds significant importance for the price action.
⚠️ The RSI is currently at 29.06, which is in the oversold territory. This suggests potential for a short-term bounce, but the overall bearish trend remains strong. The sell volume has been increasing, indicating that the bearish momentum is still intact.
🔻 For a short position, consider entering if the price breaks below the key support level at 6.999. This would confirm the continuation of the bearish trend. The increasing sell volume supports the potential for further declines. It's recommended to set a stop-loss order above the recent high around 7.141 to manage risk.
📉 The target for the short position would be the next support level at 6.237. Monitoring the volume is crucial; if sell volume continues to rise, it strengthens the bearish outlook.
📈 A long position might be considered if the price shows signs of a reversal from the oversold RSI condition. If RNDR bounces off the support at 6.999 and breaks above the descending trendline, confirmed by a break above the trigger level at around 7.300, it could indicate the start of a bullish reversal.
🛠️ Wait for the price to break above 7.300 with increased buy volume before entering a long position. The next target for a long position would be the resistance level at 8.397. It's important to set a stop-loss order below the recent low around 6.870 to manage risk.
📝 In conclusion, RNDR is exhibiting strong bearish signals. For short positions, wait for a break below 6.999 with high sell volume. For long positions, look for a bounce off this support and a break above the trendline trigger at 7.300 with increased buy volume. Always monitor RSI and volume indicators closely to confirm momentum shifts. Manage risk appropriately, especially in such volatile market conditions.
RNDR HTFCRYPTOCAP:RNDR
That's clearly the first lower high on the macro chart, indicating a high time frame correction. I'm eyeing a range of $4.5-5, not $3.
RNDR ANALYSIS (12H)RNDR appears to be inside a large diametric.
We now seem to be in the middle of the F wave.
We have a good support area to complete the F wave.
If the price reaches the green range, we will look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
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
Is it possible for RNDR to follow NVDA path??? BINANCE:RNDRUSDT (RNDR) has been corrected from the previous swing high , and now bottle-up at the Nov-2021's resistance become support (RBS) and EMA 50 Weekly support.
Let's wait and see for these 2 possible scenarios.
RNDR/USDT Trading ScenarioThe RNDR asset price demonstrated the formation of an inclined support level, which was successfully tested three times, followed by a confident rebound.
In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088.
Currently, the price has bounced off the sloping resistance level for the third time, which could lead to a continuation of the uptrend.
If the breakdown and consolidation above this level occurs, growth to the local maximum at $13.839 is possible.
good range buy for renderrender gave a good little bounce at the bottom of the range you could put stop at my white dote line and trail the stop with the blue horizontal line you take profit a top of the range at my green line then you can aim for red box.
RNDR-ing Profits - A Technical Analysis on RNDR (Render Token)Render Token ( BINANCE:RNDRUSDT ) is the native cryptocurrency of the Render Network, a decentralized platform offering distributed graphics processing and rendering services. It allows artists and content creators to exchange GPU compute power with node operators, facilitating the creation of high-definition graphics and visual effects. With a circulating supply of 388,646,672 and an all-time high (ATH) of $13.60, RNDR has positioned itself as a prominent AI crypto asset with strong potential for future gains.
Technically speaking, CRYPTOCAP:RNDR is currently forming a large symmetrical triangle on the daily chart. The token experienced a significant correction from its ATH of $13.80 down to $6.24. Following this dip, RNDR rallied to $11.65, then consolidated, forming the symmetrical triangle pattern. The $6-$8 price range is identified as a strong buying opportunity, with the next major resistance around the $10-$11 range. Breaking this resistance could lead to a rally up to $14, creating a new ATH.
Analyzing the indicators, daily oscillators remain neutral, while daily moving averages signal a strong sell. However, on the weekly timeframe, oscillators stay neutral, and moving averages show a buy signal. This mixed signal suggests a cautious yet opportunistic approach.
Overall, CRYPTOCAP:RNDR is a valuable addition to any portfolio. Given the favorable buying range, investors should consider accumulating RNDR. Monitoring the resistance levels and potential breakout points will be crucial for optimizing entry and exit strategies.
RNDR PriceThe daily chats of the Render token witnessed a retracement and has retested the 100 day EMA mark in the last trading sessions. Interestingly, it took support on the upward trendline and glimpse signs of rebound.
RNDR - A long term trade opportunityBINANCE:RNDRUSDT (1D CHART) Technical Analysis Update
RNDR is currently trading at $9.39 and showing overall bullish sentiment. Price has broken out from resistance multiple times and now it has hit the support again and bounced back from the support line. This is showing overall bullish momentum and we have a good long term trade opportunity here.
Entry level: $ 9.43
Stop Loss Level: $ 6.55
TakeProfit 1: $ 10.7598
TakeProfit 2: $ 12.3494
TakeProfit 3: $ 15.6090
TakeProfit 4: $ 19.4590
TakeProfit 5: $ 27.9267
TakeProfit 6: $ 35.9265
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
#RNDR/USDT breaks the Diagonal Trendline in Daily TF!#RNDR/USDT breaks the Diagonal Trendline in Daily TF!
CRYPTOCAP:RNDR needs to hold PML $6.87 as support to turn bullish. The local resistance level is PWH $10.95.
