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 12/12/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 3.52 USD

My targets

4.81 USD (+17.60%)

5.88 USD (+43.77%)

My analysis

The bullish trend is currently very strong on RENDER TOKEN - RNDR/USD. As long as the price remains above the support at 3.52 USD, you could try to benefit from the boom. The first bullish objective is located at 4.81 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.88 USD as an objective. Crossing it would then enable buyers to target 8.12 USD. 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

9.1

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 4.09 USD. Over 5 days, this instrument gained +10.90% and has been traded over the last 5 days between 3.55 USD and 4.09 USD. This implies that the 5 day price is +15.30% from its lowest point and 0% from its highest point.

3.55

4.09

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly 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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1.33	2.74	3.52	4.09	8.12
Change (%)	-67.48%	-33.01%	-13.94%	-	+98.53%
Change	-2.76	-1.35	-0.57	-	+4.03
Level	Major	Major	Major	-	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	2.90	3.12	3.52	3.74	4.14	4.36	4.76
Camarilla	3.76	3.82	3.87	3.93	3.99	4.04	4.10
Woodie	3.00	3.17	3.62	3.79	4.24	4.41	4.86
Fibonacci	3.12	3.35	3.50	3.74	3.97	4.12	4.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.86	3.18	3.45	3.77	4.04	4.36	4.63
Camarilla	3.57	3.62	3.68	3.73	3.78	3.84	3.89
Woodie	2.85	3.17	3.44	3.76	4.03	4.35	4.62
Fibonacci	3.18	3.40	3.54	3.77	3.99	4.13	4.36

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	76.76
MACD (12,26,9):	0.5400
Directional Movement:	19.46
AROON (14):	92.86
DEMA (21):	3.22
Parabolic SAR (0,02-0,02-0,2):	2.44
Elder Ray (13):	0.77
Super Trend (3,10):	2.14
Zig ZAG (10):	4.04
VORTEX (21):	1.1600
Stochastique (14,3,5):	94.80
TEMA (21):	3.59
Williams %R (14):	-1.04
Chande Momentum Oscillator (20):	2.50
Repulse (5,40,3):	33.2900
ROCnROLL:	1
TRIX (15,9):	2.3200
Courbe Coppock:	238.58

MA7:	3.81
MA20:	3.58
MA50:	2.97
MA100:	2.31
MAexp7:	3.39
MAexp20:	2.60
MAexp50:	2.03
MAexp100:	1.87
Price / MA7:	+7.35%
Price / MA20:	+14.25%
Price / MA50:	+37.71%
Price / MA100:	+77.06%
Price / MAexp7:	+20.65%
Price / MAexp20:	+57.31%
Price / MAexp50:	+101.48%
Price / MAexp100:	+118.72%

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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