RENDER TOKEN - RNDR/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	RNDRUSD
ISIN:

RENDER TOKEN - RNDR/USD - Weekly - Technical analysis published on 10/30/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

My opinion

Bullish above 2.14 USD

My targets

2.74 USD (+6.20%)

3.52 USD (+36.43%)

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 2.14 USD. The next resistance located at 2.74 USD is the next bullish target 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 3.52 USD. After this resistance, buyers could then target 8.12 USD.

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

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

RENDER TOKEN - RNDR/USD rating 2.58 USD. The price registered an increase of +26.68% over 5 days and has been traded over the last 5 days between 2.07 USD and 2.62 USD. This implies that the 5 day price is +24.80% from its lowest point and -1.53% from its highest point.

2.07

2.62

2.58

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Weekly chart of RENDER TOKEN - RNDR/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.36	1.33	2.14	2.58	2.74	3.52	8.12
Change (%)	-86.05%	-48.45%	-17.05%	-	+6.20%	+36.43%	+214.73%
Change	-2.22	-1.25	-0.44	-	+0.16	+0.94	+5.54
Level	Minor	Major	Intermediate	-	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	2.13	2.26	2.40	2.53	2.67	2.80	2.94
Camarilla	2.48	2.50	2.53	2.55	2.58	2.60	2.62
Woodie	2.15	2.26	2.42	2.53	2.69	2.80	2.96
Fibonacci	2.26	2.36	2.42	2.53	2.63	2.69	2.80

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.96
MACD (12,26,9):	0.1400
Directional Movement:	19.28
AROON (14):	78.57
DEMA (21):	2.01
Parabolic SAR (0,02-0,02-0,2):	1.41
Elder Ray (13):	0.59
Super Trend (3,10):	1.61
Zig ZAG (10):	2.58
VORTEX (21):	1.1000
Stochastique (14,3,5):	93.98
TEMA (21):	2.03
Williams %R (14):	-5.29
Chande Momentum Oscillator (20):	0.93
Repulse (5,40,3):	31.3000
ROCnROLL:	1
TRIX (15,9):	0.4400
Courbe Coppock:	22.88

MA7:	2.29
MA20:	2.02
MA50:	1.78
MA100:	1.67
MAexp7:	2.07
MAexp20:	1.85
MAexp50:	1.64
MAexp100:	1.67
Price / MA7:	+12.66%
Price / MA20:	+27.72%
Price / MA50:	+44.94%
Price / MA100:	+54.49%
Price / MAexp7:	+24.64%
Price / MAexp20:	+39.46%
Price / MAexp50:	+57.32%
Price / MAexp100:	+54.49%

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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