COINBASE:RENDERUSD
A rare pattern is observed on Render in the daily - a near perfect W Bottom pattern.
Now there are a few rules for a chart pattern to qualify and we're not quite out of the woods yet. The next phase should be a retest of the neckline, where we need to keep CLOSING daily candles ABOVE. A break under this support zone will invalidate the...
RNDRUSD price is on a Bullish trend and per harmonics will possiblty continue upward in short term and hopefully make a new ATH soon previous was $13.90 in March 2024.
Render needs to finish this daily candle above that trendline or a retracement to $8.40. A target of $9.25. If the MACD creates a higher high than $10.30 before setting its sights on $11.75. Overall, this thing is bullish AF!
RNDR is currently ascending in a three-wave ABC structure, with wave A equaling wave C in target. The asset is now deep in the support zone, presenting a good opportunity to scale in for the upcoming wave C target of $25. It's advisable to begin scaling out early around $19, at the 0.786 level, rather than waiting for the precise target of $25.92.
"RNDR is riding the bullish wave and forming a very interesting pattern. Looking at the long-term timeframe, RNDR appears strongly bullish. We can see a similar pattern to what happened when RNDR corrected from $5 to $3 and then surged to $13. Now, the chart shows a similar pattern as RNDR dropped from $13 to $7, bounced three times, and now it's starting its...
I'd like to see CRYPTOCAP:RNDR take out the low at $6.30 before moving up again. A bear flag pattern may suggest that. A full bar close above $8.16 might nullify the move down. Ideally an entry at $5.15 would be amazing (reversal 1.618 level)
THIS IS IT. This is the dip we are looking for, as the bitcoin halving approaches, sell orders are being triggered before the big run up!! I wont be surprised if it came back down lower, so long as it does not hit the Swing Low I am confident this will breach ATH.
Where price is @ currently, is a good position to buy and hold. You can pay yourself out a bit on each target profit marked. You should leave a bit more on the side for the long term run up.
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right...
I don't like diamond patterns. Never have... Most of the time, breakouts from diamonds morph into other more reliable patterns. Not sure where this one is heading, but if I had a gun to my head I would put my money on it progressing down a bit further first.
Looking for a coin with momentum during this bullish season? RNDR has soared past all resistance zones and is well-positioned for reaching new highs. This trend indicates strong buyer confidence and could signal continued upward movement. Keep an eye on RNDR—it could be the coin to watch!
Please refer to the chart. This explain and shows where price is most likely going towards. The gray box is the point of interest to really drop heavy into the coin and expect to hold for a ATH and longer. I believe price can reach $50 before summer/end of summer. Ill will update this analysis in the comments later.
So yeah that 13% drop was kinda rough and although I'm not worried about it as the market is still to grow I don't wanna be stuck on a long sideways trend when I could be finding other rockets. So here is a better idea of what's going on right now. My main point is watch if this thing bounces off the SMMA and the volatility will swing into buyers favors.
Previous Doji reversal didn't do much to the resistance now the second low Doji took off with momentum. I see extreme momentum to reach a 30-40%.
This is not financial advise only technical analyst details.
