Londinia Opportunities Analyses - 11/20/2024 (GMT) RENDER TOKEN - RNDR/USDT - 1H

- USDT (-)

- Real time data - CoinMarketCap

Type:	Cryptocurrencies
Ticker:	RNDRUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 8.06 USDT

My targets

8.29 USDT (+2.09%)

9.05 USDT (+11.45%)

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/USDT as long as the price remains well above 8.06 USDT. The buyers' bullish objective is set at 8.29 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.05 USDT. If there is any crossing, the next objective would be the resistance located at 9.27 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.7

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.

Additional analysis

Quotes

RENDER TOKEN - RNDR/USDT rating 8.12 USDT. The price registered an increase of +3.31% on the session and was between 7.66 USDT and 8.17 USDT. This implies that the price is at +6.01% from its lowest and at -0.61% from its highest.

7.66

8.17

8.12

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 result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of RENDER TOKEN - RNDR/USDT indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.90	7.73	8.06	8.12	8.29	9.27	10.00
Change (%)	-15.02%	-4.80%	-0.74%	-	+2.09%	+14.16%	+23.15%
Change	-1.22	-0.39	-0.06	-	+0.17	+1.15	+1.88
Level	Minor	Major	Minor	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.35	6.83	7.34	7.82	8.33	8.81	9.32
Camarilla	7.59	7.68	7.77	7.86	7.95	8.04	8.13
Woodie	6.38	6.84	7.37	7.83	8.36	8.82	9.35
Fibonacci	6.83	7.21	7.44	7.82	8.20	8.43	8.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.25	4.25	5.65	6.65	8.05	9.05	10.45
Camarilla	6.39	6.61	6.83	7.05	7.27	7.49	7.71
Woodie	3.45	4.35	5.85	6.75	8.25	9.15	10.65
Fibonacci	4.25	5.17	5.73	6.65	7.57	8.13	9.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.39	3.38	4.08	5.07	5.77	6.76	7.46
Camarilla	4.32	4.47	4.63	4.78	4.94	5.09	5.25
Woodie	2.25	3.31	3.94	5.00	5.63	6.69	7.32
Fibonacci	3.38	4.03	4.42	5.07	5.72	6.11	6.76

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):	61.62
MACD (12,26,9):	0.0800
Directional Movement:	10.23
AROON (14):	-35.72
DEMA (21):	8.03
Parabolic SAR (0,02-0,02-0,2):	7.68
Elder Ray (13):	0.12
Super Trend (3,10):	7.59
Zig ZAG (10):	8.12
VORTEX (21):	1.0900
Stochastique (14,3,5):	68.97
TEMA (21):	8.04
Williams %R (14):	-26.86
Chande Momentum Oscillator (20):	0.19
Repulse (5,40,3):	2.3600
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	0.29

MA7:	7.33
MA20:	6.03
MA50:	5.55
MA100:	5.43
MAexp7:	8.02
MAexp20:	7.92
MAexp50:	7.75
MAexp100:	7.49
Price / MA7:	+10.78%
Price / MA20:	+34.66%
Price / MA50:	+46.31%
Price / MA100:	+49.54%
Price / MAexp7:	+1.25%
Price / MAexp20:	+2.53%
Price / MAexp50:	+4.77%
Price / MAexp100:	+8.41%

Quotes : - Real time data - Cryptocompare