Catch the Wave: RNDR/USDT Analysis & Potential $50 Target
Elliott Wave Count Insight
CRYPTOCAP:RNDR is currently showing signs of forming an Elliott Wave pattern, suggesting a potential correction in the near future. Our analysis indicates that there might be further correction ahead.
Previous Analysis Recap
In our last analysis when #RNDR was around $10, we...
The recent breakout indicates a strong continuation of this uptrend, potentially setting the stage for the token to hit a new all-time high. LFG!
#RenderNetwork #AI BINANCE:RNDRUSDT
RNDR bounced back from its lowest level amid BTC crash happened previous week, but again started falling. If sentiments are okay and BTC stops to play with us, we could see bullish rally veey soon. Currently I'm expecting bullish movement.
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Disclaimer: Crypto markets are volatile. Use technical analysis as a tool, but consider the broader picture. This is not financial advice."
Based on our analysis, it appears that RNDR is poised for a significant move. The Harmonic pattern analysis suggests that RNDR's price is likely to retest the 0.756 level of inverse Fibonacci retracement, which falls within the range of approximately $0.93 to $1.0. This retest could serve as a springboard for a robust bounce-back.
According to the Harmonic...
💎"Heads up, Paradisers! RNDR/USDT (Render Token) has taken a bearish detour in its price trajectory following a significant trendline break. This disruption in the trendline suggests a shift in market dynamics and a potential alteration in the prevailing bullish sentiment.
💎The breach of a trendline is often perceived as a pivotal technical signal indicating a...
#RNDR 1-Day Chart Analysis
RNDR perfectly Moved as per Elliot Wave Theory and now its Correction wave starts, while first cycle of Correction wave is finished yet and movement start towards second upward direction wave and soon up to July in bearish zone time period, its again reach last lowest mark of 1.25 dollar approx.
Invest wisely and #DYOR always.
💎"Heads up, Paradisers! RNDR/USDT (Render Token) has taken a bearish detour in its price trajectory following a significant trendline break. This disruption in the trendline suggests a shift in market dynamics and a potential alteration in the prevailing bullish sentiment.
💎The breach of a trendline is often perceived as a pivotal technical signal indicating a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.489).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. RNDRUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
As the Crypto markets are turning bullish and the coins are available at a discounted price, it is a great opportunity to buy.
RNDR is at a good Support level.
Buy according to the levels given in the charts.
Always Place Stoploss.
Trial the Stoploss when a new higher low is formed.
let your profits be on Stonks !! :)
