RENDER TOKEN - RNDR/USD - Daily - Technical analysis published on 10/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.39 USD
My targets
2.74 USD (+7.03%)
3.06 USD (+19.53%)
My analysis
RENDER TOKEN - RNDR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.39 USD. The next resistance located at 2.74 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.06 USD. After this resistance, buyers could then target 3.52 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RENDER TOKEN - RNDR/USD price is 2.56 USD. The price has increased by +6.67% since the last closing with the lowest point at 2.38 USD and the highest point at 2.65 USD. The deviation from the price is +7.56% for the low point and -3.40% for the high point.2.38
2.65
2.56
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on RENDER TOKEN - RNDR/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of RENDER TOKEN - RNDR/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.14 | 2.28 | 2.39 | 2.56 | 2.74 | 3.52 | 8.12 |
| Change (%) | -16.41% | -10.94% | -6.64% | - | +7.03% | +37.50% | +217.19% |
| Change | -0.42 | -0.28 | -0.17 | - | +0.18 | +0.96 | +5.56 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.12 | 2.19 | 2.29 | 2.36 | 2.46 | 2.53 | 2.63 |
| Camarilla | 2.35 | 2.37 | 2.38 | 2.40 | 2.42 | 2.43 | 2.45 |
| Woodie | 2.15 | 2.20 | 2.32 | 2.37 | 2.49 | 2.54 | 2.66 |
| Fibonacci | 2.19 | 2.25 | 2.29 | 2.36 | 2.42 | 2.46 | 2.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.59 | 1.76 | 2.08 | 2.25 | 2.57 | 2.74 | 3.06 |
| Camarilla | 2.27 | 2.31 | 2.36 | 2.40 | 2.45 | 2.49 | 2.54 |
| Woodie | 1.67 | 1.80 | 2.16 | 2.29 | 2.65 | 2.78 | 3.14 |
| Fibonacci | 1.76 | 1.95 | 2.06 | 2.25 | 2.44 | 2.55 | 2.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.13 | 1.26 | 1.40 | 1.53 | 1.67 | 1.80 | 1.94 |
| Camarilla | 1.47 | 1.49 | 1.52 | 1.54 | 1.57 | 1.59 | 1.61 |
| Woodie | 1.14 | 1.26 | 1.41 | 1.53 | 1.68 | 1.80 | 1.95 |
| Fibonacci | 1.26 | 1.36 | 1.43 | 1.53 | 1.63 | 1.70 | 1.80 |
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): | 87.21 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 41.12 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 2.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.11 | |
| Elder Ray (13): | 0.38 | |
| Super Trend (3,10): | 2.10 | |
| Zig ZAG (10): | 2.57 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 95.52 | |
| TEMA (21): | 2.35 | |
| Williams %R (14): | -8.49 | |
| Chande Momentum Oscillator (20): | 0.70 | |
| Repulse (5,40,3): | 16.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0000 | |
| Courbe Coppock: | 50.75 |
| MA7: | 2.22 | |
| MA20: | 1.98 | |
| MA50: | 1.76 | |
| MA100: | 1.66 | |
| MAexp7: | 2.27 | |
| MAexp20: | 2.04 | |
| MAexp50: | 1.84 | |
| MAexp100: | 1.77 | |
| Price / MA7: | +15.32% | |
| Price / MA20: | +29.29% | |
| Price / MA50: | +45.45% | |
| Price / MA100: | +54.22% | |
| Price / MAexp7: | +12.78% | |
| Price / MAexp20: | +25.49% | |
| Price / MAexp50: | +39.13% | |
| Price / MAexp100: | +44.63% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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