RENDER - RENDER/USD - Daily - Technical analysis published on 12/22/2023 (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
61%
11%
28%
My opinion
Bullish above 4.12 USD
My targets
4.60 USD (+4.55%)
5.88 USD (+33.64%)
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 4.12 USD. The next resistance located at 4.60 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 5.88 USD. After this resistance, buyers could then target 8.12 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The RENDER TOKEN - RNDR/USD rating is 4.40 USD. The price registered an increase of +2.56% on the session and was between 4.27 USD and 4.42 USD. This implies that the price is at +3.04% from its lowest and at -0.45% from its highest.4.27
4.42
4.40
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this RENDER TOKEN - RNDR/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.26 | 2.74 | 3.52 | 4.40 | 4.60 | 8.12 |
| Change (%) | -48.64% | -37.73% | -20.00% | - | +4.55% | +84.55% |
| Change | -2.14 | -1.66 | -0.88 | - | +0.20 | +3.72 |
| Level | Major | Major | Minor | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.81 | 4.02 | 4.15 | 4.36 | 4.49 | 4.70 | 4.83 |
| Camarilla | 4.20 | 4.23 | 4.26 | 4.29 | 4.32 | 4.35 | 4.38 |
| Woodie | 3.78 | 4.00 | 4.12 | 4.34 | 4.46 | 4.68 | 4.80 |
| Fibonacci | 4.02 | 4.15 | 4.23 | 4.36 | 4.49 | 4.57 | 4.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.96 | 2.64 | 3.53 | 4.21 | 5.10 | 5.78 | 6.67 |
| Camarilla | 3.98 | 4.12 | 4.27 | 4.41 | 4.55 | 4.70 | 4.84 |
| Woodie | 2.06 | 2.69 | 3.63 | 4.26 | 5.20 | 5.83 | 6.77 |
| Fibonacci | 2.64 | 3.24 | 3.61 | 4.21 | 4.81 | 5.18 | 5.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.60 | 1.29 | 2.36 | 3.05 | 4.12 | 4.81 | 5.88 |
| Camarilla | 2.95 | 3.11 | 3.27 | 3.43 | 3.59 | 3.75 | 3.91 |
| Woodie | 0.79 | 1.39 | 2.55 | 3.15 | 4.31 | 4.91 | 6.07 |
| Fibonacci | 1.29 | 1.96 | 2.38 | 3.05 | 3.72 | 4.14 | 4.81 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.66 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 11.31 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 4.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.97 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 3.40 | |
| Zig ZAG (10): | 4.39 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 67.32 | |
| TEMA (21): | 4.49 | |
| Williams %R (14): | -33.38 | |
| Chande Momentum Oscillator (20): | 0.58 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2900 | |
| Courbe Coppock: | 33.01 |
| MA7: | 4.34 | |
| MA20: | 4.08 | |
| MA50: | 3.38 | |
| MA100: | 2.60 | |
| MAexp7: | 4.32 | |
| MAexp20: | 4.07 | |
| MAexp50: | 3.50 | |
| MAexp100: | 2.93 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +7.84% | |
| Price / MA50: | +30.18% | |
| Price / MA100: | +69.23% | |
| Price / MAexp7: | +1.85% | |
| Price / MAexp20: | +8.11% | |
| Price / MAexp50: | +25.71% | |
| Price / MAexp100: | +50.17% |
Quotes :
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Real time data
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