RENDER TOKEN - RNDR/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	RNDRUSDT
ISIN:

RENDER TOKEN - RNDR/USDT - Daily - Technical analysis published on 11/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 2.14 USDT

My targets

2.50 USDT (+6.38%)

2.74 USDT (+16.60%)

My analysis

The bullish trend is currently very strong on RENDER TOKEN - RNDR/USDT. As long as the price remains above the support at 2.14 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.50 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.74 USDT as an objective. Crossing it would then enable buyers to target 3.52 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.

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

7.3

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The RENDER TOKEN - RNDR/USDT rating is 2.35 USDT. The price is lower by -1.26% since the last closing and was traded between 2.33 USDT and 2.41 USDT over the period. The price is currently at +0.86% from its lowest and -2.49% from its highest.

2.33

2.41

2.35

Here is a more detailed summary of the historical variations registered by RENDER TOKEN - RNDR/USDT:

Technical

Technical analysis of this Daily chart of RENDER TOKEN - RNDR/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.33	1.72	2.14	2.35	2.39	2.50	2.74
Change (%)	-43.40%	-26.81%	-8.94%	-	+1.70%	+6.38%	+16.60%
Change	-1.02	-0.63	-0.21	-	+0.04	+0.15	+0.39
Level	Major	Major	Major	-	Minor	Intermediate	Intermediate

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	2.01	2.15	2.27	2.41	2.53	2.67	2.79
Camarilla	2.31	2.33	2.36	2.38	2.40	2.43	2.45
Woodie	1.99	2.15	2.25	2.41	2.51	2.67	2.77
Fibonacci	2.15	2.25	2.31	2.41	2.51	2.57	2.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.57	1.75	2.07	2.25	2.57	2.75	3.07
Camarilla	2.26	2.31	2.35	2.40	2.45	2.49	2.54
Woodie	1.65	1.79	2.15	2.29	2.65	2.79	3.15
Fibonacci	1.75	1.94	2.06	2.25	2.44	2.56	2.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.60	1.07	1.72	2.19	2.84	3.31	3.96
Camarilla	2.07	2.18	2.28	2.38	2.48	2.59	2.69
Woodie	0.70	1.12	1.82	2.24	2.94	3.36	4.06
Fibonacci	1.07	1.50	1.76	2.19	2.62	2.88	3.31

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):	66.92
MACD (12,26,9):	0.1800
Directional Movement:	24.01
AROON (14):	78.57
DEMA (21):	2.36
Parabolic SAR (0,02-0,02-0,2):	2.64
Elder Ray (13):	0.14
Super Trend (3,10):	2.09
Zig ZAG (10):	2.33
VORTEX (21):	1.2100
Stochastique (14,3,5):	68.04
TEMA (21):	2.45
Williams %R (14):	-41.46
Chande Momentum Oscillator (20):	0.38
Repulse (5,40,3):	-4.2900
ROCnROLL:	1
TRIX (15,9):	1.2200
Courbe Coppock:	53.85

MA7:	2.37
MA20:	2.07
MA50:	1.81
MA100:	1.68
MAexp7:	2.34
MAexp20:	2.13
MAexp50:	1.90
MAexp100:	1.81
Price / MA7:	-0.84%
Price / MA20:	+13.53%
Price / MA50:	+29.83%
Price / MA100:	+39.88%
Price / MAexp7:	+0.43%
Price / MAexp20:	+10.33%
Price / MAexp50:	+23.68%
Price / MAexp100:	+29.83%

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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