RNDR good entry at 2.51D time frame
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RNDR creating a symmetrical triangle.
2.5 is a great entry to open long.
Target: 3.8
SL: 2.5
Rndrusdtbuy
RNDRUSDT probably to head higher from hereThe last long trade did not work out and closed in loss when the support was lost. Taking this long trade again from here. I think the price will hold the previous low and thats why previous low is set as stop loss. Risk is limited so this long trade is favorable.
RNDRUSDT on support, likely to move up towards 4h resistanPrice is at local hourly support. Lets try a long here towards 4h resistance and probably higher.
RNDRUSDT high time frame updateWe have talked about this monthly resistance in some of the previous trade setups. The resistance is doing its job till now and have kept the price controlled and currently trading just under it. The daily support under that resistance is holding the price and providing the bounce we see.
RNDRUSDT on hourly support and may bounce to 2.56-2.59The price retraced from the 4h resistance as marked on the chart as the final target of the last long trade. Now the price is again at the hourly support and expect the price to bounce here . The bounce is actually already taking place while I am writing this. Target marked on the chart for this long trade.
RNDRUSDT at daily support, likely to head towards 2.54 and 2.60The price has entered into the daily support zone. This provides a trade opportunity favoring a long. The price may breach the level briefly but I think it is going to bounce enough from here to provide the long trade opportunity as marked on the chart towards 2.54 and 2.60.
RNDRUSDT at support and may head to 2.78 zoneNow since the price is at support, a long is favorable here. I expect the price to march up at least till 2.78 area.
RNDRUSDT at 4h resistance, long favorable from 4h supportThe price is currently trading inside the 4h resistance zone and I expect it to come back to the 4h support zone. The support is not that strong but I still think that a long is favorable from there. Lets try this long if the price retraces till that support level.
RNDRUSDT to bounce from daily support to 2.54 and 2.63The price has touched the daily support and already bouncing from there. I expect the price to bounce higher and therefore favoring a long trade. I expect it to move to 2.54 first and then to 2.63 next.
RNDRUSDT likely have reversal from weekly support 1.70-178So here are the support levels for this pair. The first support is the daily support zone around 2.313-2.392. The next one is a better and stronger support version which is weekly support around the zone 1.70-1.78. And the best one is the monthly support around the zone 1.391-1.459. Now the question is which strong will make the price reverse. It can be daily but I will bet more on the weekly support. Monthly support is a the most favorable place for reversal long bet but the price reaching there is not as likely as it will till weekly support. But lets watch how the price action develops in coming days. If the price crosses monthly support, then that will provide us a long opportunity as well.
RNDRUSDT heading for monthly resistance zone 2.645-2.939I believe this is heading for the monthly resistance which is lying in the zone 2.645-2.939. Once its hits that range, it is likely the price will be pushed back from there. And might head down to look for a strong support. But lets watch first the price move to the monthly resistance.
RNDRUSDT on support, likely to head to 2.36The price is at hourly support and expect it to bounce here and target for the next resistance level around 2.36.
RNDRUSDT right on track towards daily resistanceThis level seems to be resisting the price to go up. The price has reverted back on several occasions. But this time could be different and the price may finally be able to move higher. The swing idea of the price reaching to the daily resistance around 2.08-2.12 is still in play. However, I would also consider taking some profit at 2.025 level as marked on the chart.
RNDRUSDT well on its way to first 1.857 and then prob 2.08So the area 1.748 was a good level to book profit and load a bit lower. I think this one is still good for moving up and should not lose the last low. As mentioned again, the next level to watch and book profit for is 1.857.
RNDRUSDT may have a good bounce from weekly supportThis one seems to be heading for weekly support around 1.70-1.78. That is a zone good for long opportunity. That zone is still 6-10% away from the current price. But if it reaches there, a long would be favorable for a swing trade towards the daily resistance around 2.08-2.12.
RNDRUSDT on 4h support and likely to head to 2.16The price has hit the previous low which is also 4h support zone. I expect the price to bounce here as the long side trade is favorable. The target for this trade shall be at least 2.16 and probably 2.18.
RNDRUSDT a long favorable from 2.36There was short trade opportunity from the target of the previous long trade. I had an order open overnight and closed that short now. I believe now there is a long opportunity with some profit if price moves to 2.36 level. The target shall be 2.423.
RNDRUSDT likely to head towards 2.488Bought some RNDR again at 2.386 for a target up to 2.488.It seems the price wants to move up to the next resistance zone after a bit of pullback from the current resistance zone.
RNDRUSDT likely to head to 2.436The price is at hourly support zone. A long is favorable here for a target to 2.436. However, there is chance that it breaks this support before bouncing enough from this support and reaching the trade target. In that case a long from 4h support zone 2.24-2.27 will be favorable.
RNDRUSDT on 4h support and likely to head up to 2.05The price is bouncing off of 4h support zone. This one was showing strength in spite of BTC drop. However, in the last few hours it dropped considerably. But this would be the strong ones to recover on reversal. I believe this is a sign for at least short term reversal and favors a long here towards 2.05 area.
RNDR may head up to monthly reistance around 2.6-2.9 zoneThe price has moved up the weekly resistance and closed above it. Now the next target would be the monthly resistance around 2.6-2.9 zone. The price might dip but if the idea is correct it should not lose the daily support marked on the chart.
