RENDER TOKEN - RNDR/USD - Weekly - Technical analysis published on 01/12/2024 (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
72%
6%
22%
My opinion
Bullish above 3.52 USD
My targets
5.39 USD (+35.09%)
6.31 USD (+58.15%)
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 3.52 USD. The next resistance located at 5.39 USD is the next bullish objective 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 6.31 USD. After this resistance, buyers could then target 8.12 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.2
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Additional analysis
Quotes
RENDER TOKEN - RNDR/USD rating 3.99 USD. Over 5 days, this instrument gained +4.54% and has been traded over the last 5 days between 3.38 USD and 4.37 USD. This implies that the 5 day price is +18.14% from its lowest point and -8.62% from its highest point.3.38
4.37
3.99
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Weekly of this RENDER TOKEN - RNDR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.33 | 2.74 | 3.52 | 3.99 | 8.12 |
| Change (%) | -66.67% | -31.33% | -11.78% | - | +103.51% |
| Change | -2.66 | -1.25 | -0.47 | - | +4.13 |
| Level | Major | Major | Minor | - | 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 | 3.53 | 3.77 | 3.92 | 4.16 | 4.31 | 4.55 | 4.70 |
| Camarilla | 3.96 | 4.00 | 4.03 | 4.07 | 4.11 | 4.14 | 4.18 |
| Woodie | 3.49 | 3.75 | 3.88 | 4.14 | 4.27 | 4.53 | 4.66 |
| Fibonacci | 3.77 | 3.92 | 4.01 | 4.16 | 4.31 | 4.40 | 4.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.91 | 2.79 | 3.31 | 4.19 | 4.71 | 5.59 | 6.11 |
| Camarilla | 3.44 | 3.56 | 3.69 | 3.82 | 3.95 | 4.08 | 4.21 |
| Woodie | 1.72 | 2.70 | 3.12 | 4.10 | 4.52 | 5.50 | 5.92 |
| Fibonacci | 2.79 | 3.33 | 3.66 | 4.19 | 4.73 | 5.06 | 5.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.49 | 2.41 | 3.44 | 4.36 | 5.39 | 6.31 | 7.34 |
| Camarilla | 3.93 | 4.11 | 4.29 | 4.47 | 4.65 | 4.83 | 5.01 |
| Woodie | 1.55 | 2.44 | 3.50 | 4.39 | 5.45 | 6.34 | 7.40 |
| Fibonacci | 2.41 | 3.16 | 3.62 | 4.36 | 5.11 | 5.57 | 6.31 |
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): | 65.00 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 11.64 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 3.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.28 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 2.71 | |
| Zig ZAG (10): | 3.99 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 66.07 | |
| TEMA (21): | 4.29 | |
| Williams %R (14): | -35.79 | |
| Chande Momentum Oscillator (20): | 2.04 | |
| Repulse (5,40,3): | -14.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.5800 | |
| Courbe Coppock: | 272.49 |
| MA7: | 3.95 | |
| MA20: | 4.38 | |
| MA50: | 4.09 | |
| MA100: | 3.19 | |
| MAexp7: | 3.88 | |
| MAexp20: | 3.13 | |
| MAexp50: | 2.36 | |
| MAexp100: | 2.05 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | -8.90% | |
| Price / MA50: | -2.44% | |
| Price / MA100: | +25.08% | |
| Price / MAexp7: | +2.84% | |
| Price / MAexp20: | +27.48% | |
| Price / MAexp50: | +69.07% | |
| Price / MAexp100: | +94.63% |
Quotes :
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Real time data
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