RENDER is in a strong downtrend on the daily chart: it has declined approximately 35% from 2.435 to 1.226 and is currently just above the major dip at 1.226, in a very narrow range between 1.24–1.28.
This is a critical decision zone: either a reaction comes from this base or it breaks down.
Since the main direction is down, rallies are selling opportunities; in the reaction sell from the 1.34–1.40 resistance, targets are 1.27 / 1.20 and 1.10, with a stop above 1.46.
On the base side, for buying from the 1.20–1.24 region, the stop is below 1.15, with targets at 1.30 / 1.38 and 1.46.
Decision points are clear: if the daily close rises above 1.40, the downtrend structure is broken; if it falls below 1.20 and the 1.226 dip is lost, it opens the way to new lows at 1.10 and 1.00.
Due to high volatility, positions should be kept small.
-CryptoSignalAPP Team
This is a critical decision zone: either a reaction comes from this base or it breaks down.
Since the main direction is down, rallies are selling opportunities; in the reaction sell from the 1.34–1.40 resistance, targets are 1.27 / 1.20 and 1.10, with a stop above 1.46.
On the base side, for buying from the 1.20–1.24 region, the stop is below 1.15, with targets at 1.30 / 1.38 and 1.46.
Decision points are clear: if the daily close rises above 1.40, the downtrend structure is broken; if it falls below 1.20 and the 1.226 dip is lost, it opens the way to new lows at 1.10 and 1.00.
Due to high volatility, positions should be kept small.
-CryptoSignalAPP Team
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Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
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CryptoSignalAPP is the best crypto signal application.
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.