RENDER TOKEN - RNDR/USDT - 15 min. - Technical analysis published on 02/06/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.80 USDT
My targets
1.87 USDT (+1.08%)
1.99 USDT (+7.57%)
My analysis
The bullish trend is currently very strong on RENDER TOKEN - RNDR/USDT. As long as the price remains above the support at 1.80 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.87 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.99 USDT as an objective. Crossing it would then enable buyers to target 2.11 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
RENDER TOKEN - RNDR/USDT rating 1.85 USDT. On the day, this instrument gained +5.71% and was traded between 1.73 USDT and 1.88 USDT over the period. The price is currently at +6.94% from its lowest and -1.60% from its highest.1.73
1.88
1.85
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on RENDER TOKEN - RNDR/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of RENDER TOKEN - RNDR/USDT in 15 min. shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
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
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1.34 | 1.53 | 1.74 | 1.85 |
| Change (%) | -27.81% | -17.08% | -5.71% | - |
| Change | -0.51 | -0.32 | -0.11 | - |
| Level | Intermediate | Intermediate | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.39 | 1.51 | 1.63 | 1.75 | 1.87 | 1.99 | 2.11 |
| Camarilla | 1.68 | 1.71 | 1.73 | 1.75 | 1.77 | 1.79 | 1.82 |
| Woodie | 1.39 | 1.51 | 1.63 | 1.75 | 1.87 | 1.99 | 2.11 |
| Fibonacci | 1.51 | 1.60 | 1.66 | 1.75 | 1.84 | 1.90 | 1.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.90 | 1.29 | 1.53 | 1.92 | 2.16 | 2.55 |
| Camarilla | 1.50 | 1.56 | 1.61 | 1.67 | 1.73 | 1.79 | 1.84 |
| Woodie | 0.73 | 0.94 | 1.36 | 1.57 | 1.99 | 2.20 | 2.62 |
| Fibonacci | 0.90 | 1.14 | 1.29 | 1.53 | 1.77 | 1.92 | 2.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.38 | 0.01 | 0.71 | 1.10 | 1.80 | 2.19 | 2.89 |
| Camarilla | 1.11 | 1.21 | 1.31 | 1.41 | 1.51 | 1.61 | 1.71 |
| Woodie | -0.23 | 0.09 | 0.87 | 1.18 | 1.96 | 2.27 | 3.05 |
| Fibonacci | 0.01 | 0.43 | 0.68 | 1.10 | 1.52 | 1.77 | 2.19 |
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): | 59.81 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 11.29 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.78 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 1.75 | |
| Zig ZAG (10): | 1.86 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 83.73 | |
| TEMA (21): | 1.84 | |
| Williams %R (14): | -9.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 4.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 5.32 |
| MA7: | 1.66 | |
| MA20: | 1.14 | |
| MA50: | 0.72 | |
| MA100: | 0.63 | |
| MAexp7: | 1.84 | |
| MAexp20: | 1.80 | |
| MAexp50: | 1.77 | |
| MAexp100: | 1.75 | |
| Price / MA7: | +11.45% | |
| Price / MA20: | +62.28% | |
| Price / MA50: | +156.94% | |
| Price / MA100: | +193.65% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +2.78% | |
| Price / MAexp50: | +4.52% | |
| Price / MAexp100: | +5.71% |
Quotes :
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Real time data
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Cryptocompare
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