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Render (ERC-20) / Tether

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RNDRUSDT trade ideas

RNDRUSDT on daily resistance, likely to pullback to 2.068The price hit the daily resistance DR1 and currently being pushed down. A short trade is favored by the probability here. The price is likely heading towards the of the daily support zone sitting around 2.02-2.06. The target of the trade should be around 2.068. Other relevant resistance and support levels are also marked on the chart. In general on larger time frame, I think the price is heading for the weekly resistance WR1 around 2.6-2.75. But for this post, lets focus on this short trade setup.
RShort
by angela_altair
Render RNDR price prepares a riddle, whoever reads it will guessAn interesting situation emerges on the RNDRUSDT chart On the one hand, the chart shows a seemingly obvious Head and Shoulders pattern with a target of $1.10. However, for this pattern to be activated, the RNDR price needs to consolidate below $1.90, or even better (for reliable development of the pattern, of course), it needs to fall to $1.50 and then fail to rise above $1.90. On the other hand, something deep down tells us that there is absolutely nothing stopping trading bots from drawing a "standard book pattern". So that during the formation of the pattern, without waiting for confirmation (which is very important), many shorts positions were taken. And then, with upward momentum, and on the triggering of stop orders on the short position, the "rocket" called Render can start to take off. And this rocket needs a lot of fuel, because there is a strong liquidity zone above the current price of RNDR, which will be difficult to break through. In general, we have written our thoughts, drawn arrows on the chart, and now the question is for you, which RNDRUSDT price will be faster: $6 or $1? Write your thoughts in the comments section. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
28
#RNDRUSDT Analysis: Narrow Range and Key Price Levels💎 Over the past 7 days, #RNDRUSDT has been trading within a tight range, characterized by distinct supply and demand areas. The demand zone is particularly noteworthy, as it encompasses the 88.6% Fibonacci support level, which has demonstrated a double bounce recently. Additionally, the Volume Profile support has also acted as a significant level of buying interest, further reinforcing the importance of this price area. As diligent members of the Paradise Club, it is crucial for us to closely monitor this zone throughout the week. 💎 A break below the aforementioned demand zone would be a concerning development for #RNDR, as it would likely trigger sustained selling pressure. Therefore, it is imperative to be mindful of any bearish signals or price action that indicates a breach of this critical level. 💎 Conversely, we must also pay close attention to the current supply zone. Should the price successfully break above this zone, it would bode well for the short and medium-term outlook of #RNDRUSDT. 💎 Taking into account the multiple clean bounces off the support levels and the prevailing market conditions, the probability leans towards an eventual upside breakout. We anticipate that this breakout may materialize in the coming days. 💎 For now, it is prudent to exercise patience and adopt a wait-and-see approach. It is advisable to act only when we see confirmed breakout, whether to the upside or the downside. As the situation unfolds, we will keep you informed of any significant developments. Stay tuned for updates and be ready to seize potential opportunities when they arise.
RLong
by MyCryptoParadise
✴️ Render Token Moves Differently (Name Your Altcoin Analysis)Here we have a situation with Render Token, RNDRUSDT, this chart contains an anomaly. Everything starts find, just as the rest of the Cryptocurrency market. A low/bottom June 2022 followed by a consolidation phase that leads to a bullish rally in early 2023. The rally goes into February and then the first correction ends 10-March, this is true for most of the Altcoins and also where the similarities end. While the rest of market went on to produce either a lower low compared to mid-March or go even lower than January and in some cases a new ATL, RNDRUSDT went the other way and continued to print higher highs. Still, there was a correction that ended mid-June with a Doji and this is key, let me show you... This pattern here is neutral, can go both ways as shown here: The fact that RNDRUSDT corrections ended at the same time as the other pairs simply tells me that this one is stronger than others. And since the market is moving up, going bullish, we can expect a continuation rather than a correction, that's my guess based on the current information. Guessing for traders doesn't work. The bullish bias remains perfect, intact short and mid-term above EMA21 (1.81) and EMA50 (1.48), but if prices move and close below EMA50 weekly watch-out. Any trading above these levels and we continue aiming up. Namaste.
RLong
by AlanSantana
1