Hi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with Bitcoin pair. Previously we caught almost 13% pump of RNDR as below: Now on 2-hr time frame, SANTOS is completing the final leg of a bullish AB=CD move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify...
12h time frame - RNDR is creating a bottom structure under 3, and there is a first pumping wave started from 0.4 to 2.99 which verify the resistance of 3 again. However, RNDR got support on 0.382 Fibonacci Projection and keep pumping, this is a good bullish sign. Through Fib, the first target is around 3.7~4 and next is 5.5, then we can set up a trading plan. TP:...
RNDR looks heavy atm... Time for a short position... It lost the trendline, made a deviation allready... See chart for more info...
Render Token has been steadily rising since the August 28th contact on the HL trendline but more importantly the 1W MA50, which held for the second time since the week of March 6th 2023. The 1W technical outlook is neutral (RSI = 53.781, MACD = 0.060, ADX = 33.069) meaning that there is significant upside potential. The Bullish Cross that is about to be formed on...
Current price holding and rejection from POC. Opens the door to the VAH level, but before that I expect another drop because the 100 and 200 Dma arrive at the daily level of 1.72. If the setup appears down again at POC or a little below the last monthly level, you can entry to swing long and try to capture 60% of the profit. I showed where I would hold a stop...
rndr has been forming a large bearish triangle for some time now. We now seem to be in wave E. The waves of this triangle are for the daily time frame and it takes time.The red box is the right place for the termination of the last wave of this triangle, i.e. wave e, and then the symbol can enter a strong falling wave. You must control your risk and do not enter...
BINANCE:RNDRUSDT SHORT - 1 month range has been $1.3 - $1.55. Deviated above the range for a few days and now back inside again. Lost horizontal and diagonal support. Bearish retest and reject.
RNDR has reached a daily resistance. RNDR actually returned to this resistance, which is a falling order block, to gather orders. CH has made a downtrend which is a good confirmation. In my opinion, RNDR is very runny. I have specified the goals. I have specified the invalidation level, closing 1 daily candle above this level will cause an analytical...
BINANCE:RNDRUSDT SHORT Deviation above range highs to hunt stops and back inside the range again. Bearish divergence building up on 6h since last Friday. Entry now: 1.48 Target: 1.33 Stop: 1.54
TD Sequential formed a reversal signal down (30m TF) Price and RSI formed a divergence, volatility continues to decline. I expect the price to decline.
$RNDR performed Descending broadening wedge What is a descending broadening wedge? A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line;...
This one is going as per expectation. The monthly support is doing its job and holding the price well and making the price bounce if the price hits that level. High time frame view is still the same and expectation is there that the price will be held by the monthly support and will head towards weekly resistance. I do see that weekly resistance stopping the price...
BINANCE:RNDRUSDT SHORT. Horizontal resistance and 6hr bearish divergence. Rejected at range highs, looking for a move towards range lows again.
As mentioned in the original post, this one has hit the monthly support and has been since trading around that support zone. The price has bounced from there and I think it is getting ready for the upward move. I think this is a very good opportunity. Even if the price dips again into the support zone, the probability of bouncing from there is very high although I...
Render Token (RNDRUSD) is on the 3rd straight green 1D candle, having the best bullish sequence since June 21. The pattern remains a 3-month Channel Down but for the first time this is being executed from oversold 1D RSI levels as well as almost testing the 1W MA50 (red trend-line) for the first time since January 23. The formation of a 1D Death Cross though,...
The price has hit the monthly support zone. It has bounced from there but a revisit possibility to that zone cannnot be denied. However, this is a high time frame support and shall hold on monthly basis and therefore offers long opportunity. The first resistance that would be faced by the price in case of upward move is the weekly resistance sitting around 1.63-1.72.
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the RNDR symbol. 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
Hi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with BTC pair. Previously we caught more than 12% pump of RNDR as below: Now on a 4-hr frame, RNDR has formed a bullish Gartley move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the...