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angela_altair

RNDRUSDT may have a good bounce from weekly support

Long
RNDR / TetherUS (BINANCE:RNDRUSDT)  
angela_altair Updated   
BINANCE:RNDRUSDT   RNDR / TetherUS
Trend Analysis Chart Patterns Technical Indicators RNDRUSDT rndr RNDRUSD rndrusdtlong rndrusdttrade rndrusdtbuy rndrusdtanalysis rndrusdtidea rndrusdtperp
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trendanalysis chartpattern indicator rndrusdt rndr rndrusd rndrusdtlong rndrusdttrade rndrusdtbuy rndrusdtanalysis rndrusdtidea rndrusdtperp
This 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.
Comment:
As mentioned, the price did hit the weekly support zone. It may still dip into the zone, but a bounce is expected from there. Lets see how far that bounce go. My generous expectation is till the daily resistance.
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Comment:
After bouncing for 5+%, the price indeed dipped into the support zone as expected in the last update and provided another long opportunity. Lets see how far this bounce goes.
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Comment:
So the price once again came down to the bottom of the support zone after bouncing almost 5%. And this provided another long opportunity as the price has bounce again from the bottom of the zone. Lets watch how it progresses this time. But this support is offering good long setups. Usually the trick of longing with a third size from top of the range, a third from middle and a third from bottom usually work well for not missing out and specially in this condition it works perfectly as you can score 3-5% profits on smaller sizes several times with reduced risk.
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Comment:
So this one again provided long opportunity when dipped to the bottom of the support and a massive upside. Size reduction at 1.91 level and lets see if my generous expectation is realized when the price reahes 2.08-2.12 zone.
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