RENDER TOKEN - RNDR/BTC

- BTC (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	RNDRBTC
ISIN:

RENDER TOKEN - RNDR/BTC - Daily - Technical analysis published on 05/05/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

39%

My opinion

Bearish under 0.000045 BTC

My targets

0.000019 BTC (-54.05%)

0.000014 BTC (-66.67%)

My analysis

The bearish trend is currently very strong for RENDER TOKEN - RNDR/BTC. As long as the price remains below the resistance at 0.000045 BTC, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.000019 BTC. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.000014 BTC as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities.

Additional analysis

Quotes

RENDER TOKEN - RNDR/BTC rating 0.000042 BTC. On the day, this instrument lost -4.55% and was between 0.000041 BTC and 0.000048 BTC. This implies that the price is at +2.44% from its lowest and at -12.50% from its highest.

0.000041

0.000048

0.000042

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of RENDER TOKEN - RNDR/BTC indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.000014	0.000042	0.000061	0.000075	0.000097
Change (%)	-66.67%	-	+45.24%	+78.57%	+130.95%
Change	-0.000028	-	+0.000019	+0.000033	+0.000055
Level	Intermediate	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000034	0.000037	0.000040	0.000043	0.000046	0.000049	0.000052
Camarilla	0.000042	0.000043	0.000044	0.000044	0.000045	0.000045	0.000046
Woodie	0.000035	0.000037	0.000041	0.000043	0.000047	0.000049	0.000053
Fibonacci	0.000037	0.000039	0.000040	0.000043	0.000045	0.000046	0.000049

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000012	0.000022	0.000027	0.000037	0.000042	0.000052	0.000057
Camarilla	0.000028	0.000029	0.000031	0.000032	0.000033	0.000035	0.000036
Woodie	0.000010	0.000021	0.000025	0.000036	0.000040	0.000051	0.000055
Fibonacci	0.000022	0.000028	0.000031	0.000037	0.000043	0.000046	0.000052

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.000019	0.000007	0.000019	0.000045	0.000057	0.000083	0.000095
Camarilla	0.000022	0.000025	0.000029	0.000032	0.000036	0.000039	0.000043
Woodie	-0.000025	0.000004	0.000013	0.000042	0.000051	0.000080	0.000089
Fibonacci	0.000007	0.000021	0.000030	0.000045	0.000059	0.000068	0.000083

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.11
MACD (12,26,9):	0.0000
Directional Movement:	2.285381
AROON (14):	-64.285714
DEMA (21):	0.000039
Parabolic SAR (0,02-0,02-0,2):	0.000033
Elder Ray (13):	0.000003
Super Trend (3,10):	0.000045
Zig ZAG (10):	0.000042
VORTEX (21):	0.9149
Stochastique (14,3,5):	54.53
TEMA (21):	0.000038
Williams %R (14):	-41.18
Chande Momentum Oscillator (20):	-0.000005
Repulse (5,40,3):	-8.7499
ROCnROLL:	-1
TRIX (15,9):	-1.3055
Courbe Coppock:	33.98

MA7:	0.000040
MA20:	0.000044
MA50:	0.000054
MA100:	0.000062
MAexp7:	0.000041
MAexp20:	0.000044
MAexp50:	0.000051
MAexp100:	0.000058
Price / MA7:	+5.00%
Price / MA20:	-4.55%
Price / MA50:	-22.22%
Price / MA100:	-32.26%
Price / MAexp7:	+2.44%
Price / MAexp20:	-4.55%
Price / MAexp50:	-17.65%
Price / MAexp100:	-27.59%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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