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 12/22/2023 (GMT)

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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

78%

17%

My opinion

Bullish above 3.52 USD

My targets

5.88 USD (+33.64%)

8.12 USD (+84.55%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RENDER TOKEN - RNDR/USD as long as the price remains well above 3.52 USD. The buyers' bullish objective is set at 5.88 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.12 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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/USD rating is 4.40 USD. The price registered a decrease of -0.17% over 5 days and was traded between 3.92 USD and 4.63 USD over the period. The price is currently at +12.13% from its lowest point and -4.87% from its highest point.

3.92

4.63

4.40

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Abnormal volumes on RENDER TOKEN - RNDR/USD were detected by the Central Volumes scanner:

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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1.33	2.74	3.52	4.40	8.12
Change (%)	-69.77%	-37.73%	-20.00%	-	+84.55%
Change	-3.07	-1.66	-0.88	-	+3.72
Level	Major	Major	Minor	-	Intermediate

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

Technical indicators

Moving averages

RSI (14):	79.67
MACD (12,26,9):	0.6400
Directional Movement:	27.03
AROON (14):	92.86
DEMA (21):	3.54
Parabolic SAR (0,02-0,02-0,2):	2.83
Elder Ray (13):	1.10
Super Trend (3,10):	2.31
Zig ZAG (10):	4.39
VORTEX (21):	1.2100
Stochastique (14,3,5):	86.86
TEMA (21):	3.97
Williams %R (14):	-15.23
Chande Momentum Oscillator (20):	2.67
Repulse (5,40,3):	26.8500
ROCnROLL:	1
TRIX (15,9):	2.8000
Courbe Coppock:	272.47

MA7:	4.34
MA20:	4.08
MA50:	3.38
MA100:	2.60
MAexp7:	3.70
MAexp20:	2.82
MAexp50:	2.14
MAexp100:	1.93
Price / MA7:	+1.38%
Price / MA20:	+7.84%
Price / MA50:	+30.18%
Price / MA100:	+69.23%
Price / MAexp7:	+18.92%
Price / MAexp20:	+56.03%
Price / MAexp50:	+105.61%
Price / MAexp100:	+127.98%

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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