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Render (ERC-20) / Tether

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RNDRUSDT trade ideas

RNDR Breakout: Triangle Pattern Leading to $20Render Token ( CRYPTOCAP:RNDR ) has formed a bullish ascending triangle pattern, a strong indicator of a potential upward breakout. Additionally, a bullish divergence has been identified, further reinforcing the likelihood of a positive price movement. RNDR is now bouncing from the trendline, showing strong buying interest and support at this level. These technical indicators suggest that RNDR could be heading towards a target of $20.
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by crypto_vulture_signals
Will RNDR See A Rise To $20 In 2024?Render has a market cap of $3.16 Billion and is ranked 29th in the cryptoverse. The VM ratio of the asset price suggests a consolidation while the volume of the asset has seen a decline of over 14% in the last 24 hours. RNDR is currently trading near the value of $8.14 with a slight drop in the intraday session RNDR token is currently forming weak bullish candles on the daily chart.It is trading below the 50 and 100 EMA on the daily chart. The upside momentum of the asset price can see a halt near the value of $10. Meanwhile, the support of the asset price can be seen near $7. The RSI of RNDR is currently near 37 with a negative slope in it. The overall sentiment of the RSI is bearish in nature
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by Ritika_TCR
Can $RNDR Hit $50? #RNDRUSDT Analysis:RNDR/USDT Chart Analysis Bullish Outlook: CRYPTOCAP:RNDR has shown impressive returns: 34x in a year and 10x in the last 7 months. However, given its impressive gains, current investment in RNDR/USDT carries high risk. Technical Analysis: The current weekly candle indicates a strong bounce back from support, signaling that RNDR remains bullish as long as it holds the $7 support level. If RNDR maintains this support, it could reach new all-time highs (ATH) and potentially rise towards the $50 mark. The RNDR project has strong potential for further growth. Bear Case Analysis: ➡️ If RNDR breaks the $7 support, consider accumulating around the $3.5-$4 range, which serves as a significant support level. Takeaways: ➡️ Monitor the $7 support level closely. ➡️ Consider the risk involved due to recent high gains. ➡️ If the support holds, RNDR has the potential to soar, but breaking the support could offer a good buying opportunity at lower levels. Follow me for latest analysis on real time.
RLong
by CryptoPatel
Catch the Wave: RNDR/USDT Analysis & Potential $50 TargetCatch 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 accurately predicted a 4th wave correction, which has since been fulfilled. Current Scenario and Entry Opportunities There's a strong support level anticipated at $5-$6, representing the 0.382 Fibonacci retracement. This suggests a potential bounce for the 4th wave from this support zone, presenting favorable entry opportunities. Price Target Projection Should our wave count analysis hold, we anticipate RNDR's price to potentially reach $50 in this bullish cycle. Alternative Scenario In case RNDR fails to maintain the 0.382 Fibonacci level, we recommend considering entry points around $2.5-$3.5. Remember, trading involves risks. Always conduct your own research and consider your risk tolerance before making any investment decisions.
RLong
by CryptoPatel
Technical Analysis Suggests a Promising Upward Trend for RNDRBased 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 chart, our initial target is set at the impressive $3.0 level, as clearly indicated in the chart. We believe this target could be achievable in the coming months, reflecting the potential for substantial growth in RNDR. Long-Term Potential**: But that's not all. Looking further ahead, we foresee the possibility of RNDR retesting its all-time high at $4.0, possibly sometime in 2024. This suggests a bright future for RNDR, and investors might want to keep a close eye on this project. It's important to note that RNDR's potential for long-term growth doesn't solely depend on bullish market conditions. Even if Bitcoin and the broader cryptocurrency market were to experience a decline, RNDR seems to have the resilience and fundamentals to continue performing well. In conclusion, Render Token (RNDR) is displaying promising signs of growth. With the potential for a substantial price increase in the near term and exciting possibilities in the long run, RNDR is definitely one to watch. #RNDR #Cryptocurrency #Blockchain #Investing #TechnicalAnalysis #CryptoNews #RenderToken Ac
Long
by lee_dynamo
chuk💎"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 shift in the equilibrium between buyers and sellers. In the case of RNDR/USDT, the bearish price action post the trendline break signifies a diminishing bullish momentum and a potential surge in selling pressure. 💎Traders and investors are keeping a close eye on RNDR/USDT's price movement to gauge the extent of the bearish sentiment and pinpoint potential support levels. It's crucial to observe the emergence of new price patterns and monitor other technical indicators for deeper insights into the market direction.
Short
by MuhammadBilal007
RNDR/USDT goes bearish after trendline break..?!!👀💎"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 shift in the equilibrium between buyers and sellers. In the case of RNDR/USDT, the bearish price action post the trendline break signifies a diminishing bullish momentum and a potential surge in selling pressure. 💎Traders and investors are keeping a close eye on RNDR/USDT's price movement to gauge the extent of the bearish sentiment and pinpoint potential support levels. It's crucial to observe the emergence of new price patterns and monitor other technical indicators for deeper insights into the market direction.
RShort
by MyCryptoParadise_Simon
💡Don't miss the great buy opportunity in RNDRUSD @RenderToken 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 dynamic resistance. . The RSI is at 52 Take Profits: TP1= @ 1.804 TP2= @ 2.199 TP3= @ 2.500 TP4= @ 2.901 TP5= @ 3.237 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
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by ForecastCity_ME
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