RNDRUSDT price is respecting the parallel channel and dropped significantly from its high. This is one which will recover quickly if sentiments support, Because bulls are quite happy with yesterday's closing. So if they react they can target 4.0 again.
We're very bullish, this is literally on sale I believe.
Key Levels:
All Time High - $8.70
Resistance - $6.75
Support - $4.00 and $3.00
If we hold $4.00 we should want to make a higher high if it keeps its bullish trend. If we break below $4.00 and hold below $3.00 simply wait for a new opportunity!
Personally I don't think we will see price break $3.00...
Wish I would have bought some when Dave Lui dropped the alpha on it last year. RNDR is on the SOL blockchain. It appears as if SOL would be best suited for video games. Could we see popular NFT/ Metaverse coins transition from ERC-20 and go to the SOL blockchain? If so wouldn't a partnership with RNDR to offload some of the GPU workload be cool. Just a thought....
on 4 hours chart :
1:reverse from channel support line and going to hit the midline
2:the price is above MA7 MA20
3:rsi and obv and macd are good
first target is 4.955
second will be 7$
RNDR/USDT
Try breakout and retest strategy
You can entry now or wait the BLUE LINE
SL around 7-11% from the SL
I hope you enjoy the trade, and if you not in the right mood, please stop that be distract your trade
#tipsfortradingplanning
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Hello dear friend, even though you are short num :) Did you see the last two posts? Both successfully achieved their goals. So I decided to share a new idea about RNDRUSDT . I tried to set the price on the chart, I hope you are always profitable.
The RND currency of the 4-hour time channel is broken and the money is backed. The price is currently in support of the minor and with the failure of the price of 3.976 it can move towards the support of the major in the price. From 3.505.
This is just an analysis
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#RNDR/USDT
$RNDR broke down from parallel channel, and now is at support zone and made a pivot in 4h time frame.
if price hold this support zone, we will see an uptrend toward descending resistance that is the same with resistance zine around $5.7 and broken ascending line.
breaking this zone can lead price toward $9.
but a break below current support can drop...
A chart released on December 24 warned against using the index to show a currency falling if it falls into a gap.
For a better understanding, refer to the link (idea description = attention)
GOOD LUCK
RNDRUSDT's price trading positively after breaking the triangle and bouncing from the support zone. So we are expecting the bulls will pull the price upward to 5.0 - 5.5 level again. Good Luck!
