✴️ Render Token Moves Differently (Name Your Altcoin Analysis)

26 Jun 2023

Here we have a situation with Render Token, RNDRUSDT, this chart contains an anomaly.

Everything starts find, just as the rest of the Cryptocurrency market. A low/bottom June 2022 followed by a consolidation phase that leads to a bullish rally in early 2023.

The rally goes into February and then the first correction ends 10-March, this is true for most of the Altcoins and also where the similarities end.

While the rest of market went on to produce either a lower low compared to mid-March or go even lower than January and in some cases a new ATL, RNDRUSDT went the other way and continued to print higher highs.

Still, there was a correction that ended mid-June with a Doji and this is key, let me show you...

This pattern here is neutral, can go both ways as shown here:

The fact that RNDRUSDT corrections ended at the same time as the other pairs simply tells me that this one is stronger than others. And since the market is moving up, going bullish, we can expect a continuation rather than a correction, that's my guess based on the current information.

Guessing for traders doesn't work.

The bullish bias remains perfect, intact short and mid-term above EMA21 (1.81) and EMA50 (1.48), but if prices move and close below EMA50 weekly watch-out.

Any trading above these levels and we continue aiming up.

Namaste.