RNDRUSDT.P trade ideas
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/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.
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
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.
RNDRUSDT trading opportunityRNDRUSDT has recently experienced a breakthrough above the neckline of the Cup and Handle setup. Notably, the neckline has successfully transformed into a support level, instilling greater confidence among bulls.
Anticipating a potential pullback towards this neckline, as it now acts as a solid support, the focus shifts to observe the external supply zone. This zone is poised to serve as a major resistance, potentially causing a temporary halt or reversal in the bullish momentum in the short term.
The overall setup target, as illustrated on the chart, provides a comprehensive view of the potential trajectory following the recent price action.
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Thank you for your participation.
RNDRUSDT UPDATE#RNDRUSDT(Update)
Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze RNDRUSDT today.
RNDR breakout the Support level inn1D time frame
Expecting Massive Bullish wave📈🚀
Render: Possibly at the bottomAfter my previous 2 render ideas (which turned out well) it was time for another update.
Render broke through its support zone of $8.80 yesterday and is currently trading around the price of $8.30, just like Bitcoin failed to hold its support yesterday.
I also just posted a bitcoin chart indicating that the markets are most likely in a big fuckery with shorts building up liquidity for bulls to push the markets higher. I therefore expect that the Render bottom has now almost been reached. Looks like this is a good point to top up your mid-term bags.
I see a lot of traders screaming and shouting for a render dip towards $6. I don't expect this to happen. I expect that a trend reversal is imminent and a new push towards the upside is inevitable.
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.
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.
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 .
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 $10.95.
RNDR - Pixel perfect!Previous RNDR idea played out exactly as we thought.
One of the reasons I started shorting this, is how perfectly it was painting a complacency bounce, next to EMA shenanigans we talked about.
Now we are at big boss level: Daily EMA 100
Bulls really want to see this hold imo. Although losing it on a weekend is not that bad, as long as we reclaim it on Monday.
One important factor here is sentiment: You learn a lot about other people's positioning by posting counterflow ideas about a coin.
If you get comments like "happy liquidation" and price isn't moving past resistance on green days, that's a really good indicator to get positioned for the other side.
For crypto, my golden rule has become: Sentiment > Price > Fundamentals
We trade pvp against other anons with less patience and discipline than us. Sad as it may be, you'd do well to never ever forget that. NVDA can discover the cure to cancer all of a sudden, it doesn't change anything about the poorly positioned toplongers for RNDR.
Twitter shows the path.
The chart confirms.
All the rest is noise.
RNDR: expect a little correction, but very bullish!As promised, here is a mid-term update on RNDR. After perfectly hitting our 5$ target from the previous forecast, I now expect a small correction after a prolonged rally of RNDR as shown on the chart, but we are not bearish at all.
Have you not been able to get in yet? Then use this small correction to stock up on your mid-term bags. Next year I expect a new ath for RNDR, with heights that are difficult to predict. On to $80? Who knows... ;-)
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.
5th wave push up for RENDERLooks like Render is approaching Support and should bounce for a nice long position with minimal loss if trade goes south. 10 to 20 X your money possible.
Power of 3 Rndr setup or Order block set upCHart shows entry off a power of 3 or an entry off the daily orderblock
RNDR PO3 ChartChart shows a rndr PO3 set up
Or a bounce into the order blovk followed by bullish continuation
RENDER Targets $8.10When you take a look at the chart, you can see that render has lost some buyers and has now flipped an important support into resistance.
The area with the most volume, is the May POC. if we can bounce from that level, a 15% increase to the previous resistance can happen.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
RNDR Long Trade SetupCurrent Situation:
Price Level: RNDR has been trading in a tight range with low volatility, indicated by the narrow Bollinger Band width.
Technical Support: The Simple Moving Average (SMA) is acting as support for the price.
Bullish Bias: The price structure remains positive, suggesting potential for an upward move.
Upcoming Event: Apple’s WWDC on June 10th could be a catalyst for increased volatility, especially if there are mentions of AI, Octane, or Render, which are known to influence RNDR.
Trade Strategy:
Entry Point: Enter a long position around $9.75.
Take Profit Targets:
First Target: $11.60
Second Target: $13.80
Stop Loss: Set a stop loss at $9.00 to manage risk.
Summary:
RNDR is currently in a period of low volatility but is positioned for potential bullish movement, especially with the upcoming Apple WWDC event, which could act as a catalyst. The trade strategy involves entering at $9.75, with profit targets at $11.60 and $13.80. The stop loss is set at $9.00 to limit potential losses.
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
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