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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.