RNDR overview 1d chart (LONG)

13 Jan 2022

RNDR token is growing as the render network expands and harness more and more GPU rendering power. The true value of this asset is yet far to be seen, as the decentralized rendering narrative strikes along with the metaverse narrative. At this moment, the render token has lost 58% since it's ATH after the hype, along with the BTC downtrend, trying to find the bottom. If the value of RNDRUSDT pair drops below 3, a more profound correction might happen. Otherwise, the scenario looks pretty nice for a cup and handle inside a bigger cup and handle. The need for rendering power most probably will uprise on the face of metaverse implementation. This is a timely opportunity for 4X gains until ends of april and maybe more in the long run.

Full disclosure: I don't own any RNDR tokens myself, although I am looking forward to buy some. This is not financial advice, this is just a thought for entertainment purposes only.

7 Feb 2022

Nota

The pulldown of BTC provoked a deeper correction as expected with price dropping below 3, nevertheless the bottom points and peaks are still holding the proposed times, entry point is still valid since BBTC/USDT has now broken trend. Interestingly RNDR also broke trend with respect to BTC and trendline is now support. If BBTC/USDT holds it's own trendbreak, we will be reaching $5 target for RRNDR/USDT very soon.

Full disclosure: This is not financial advice, this is just a thought for entertainment purposes only.