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RNDRUSDT trade ideas

RNDR Full Analysis & Entry LevelsI would like to note that I normally don't do retail patterns, however this symmetrical triangle on RNDR is too obvious to ignore. From what I know about symmetrical triangles, the first move is always the false move. Look out for a liquidity grab below the bottom trendline to hunt traders' stop losses. Once the market makers have the necessary liquidity to fill their orders, they will push price back up into the triangle to stop out any late shorts and take it the other way. Something to note is that we still have a daily fair value gap up at $10.31. You will normally not see those left behind unless the market makers are planning to return to that area. Once we have no fair value gaps overhead, price will have little reason to continue up, but as long as that D FVG remains, expect us to return there. Ideal Long Entry Levels: Demand & 2024 VAL - $6.757 SFP of 3rd Low - $5.87 Weekly FVG - $4.83 Daily Demand - $4.022 Ideal Short Entry Levels (Use These for Long Take Profits): Wave 1 Low / Golden Pocket - $9.73 Daily FVG - $10.297 Daily Supply - $10.546 Daily Supply - $11.345 Follow me for more trading ideas and check out our premium signals, where you can receive everyday analysis like this, including analysis on lower time frames for profitable scalping & day trading!
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by DigiLex_LLC
RNDRRNDRUSDT is in a consolidation phase, either side break out can be expected. For better entry wait for break out. Below is the reason for this coin to pump in this bull run. The biggest problem we're facing in the coming times is the shortage of GPU (Graphic Cards). Because graphic cards are used in every modern technology: Machine Learning (AI) Gaming Mining of Crypto Blockchain Web 3 And all these things are dependent on GPUs. The only project that was solving this issue was CRYPTOCAP:RNDR , which surged from $0.20 to $15, a 50x increase, meaning a 5,000% pump.
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by mbaberhanif
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.
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by itsparham96
2
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
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by behdark
1
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.
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by Rick_SimpleSwap
2
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.
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by Mudrex
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. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
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by GreenCryptoTrades