So the resistance is doing its job. Though wanted to take a short trade from that resistance zone but could not as was not on screen. Anyways, now next logical support if this push back continues is the 2.63-2.64 zone as marked on the chart. Just noticed that 2.68 zone can also act as a support and have marked that also on the chart. Not sure if that is good...
The 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.
Price is at local hourly support. Lets try a long here towards 4h resistance and probably higher.
We 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.
Anyways, I decided to take this short trade. While redrawing the chart I noticed that the 4h resistance was not drawn correctly which explains a bit excessive divergence from the resistance zone earlier. Anyways, I have redrawn that 4h resistance appropriately now. So now the price is heading towards resistance to retest it from below so probability is favoring...
The 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.
The 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.
So seems a long can be tried here. I see the price going a bit up here and target 2.71. But may drop the position on the way depending on the price action.
As mentioned before, this one is showing some weakness and not even matching up to BTC move. Anyways, the price is currently ranging between the 4h support and 4h resistance zones. There were several touch to the support and price bounced to the resistance zone and pushed back from there. The system says to short it now from the resistance zone to the support...
The price is at the next 4h support. This one is a bit reasonable support than the previous one. Lets try this long towards 2.70 area.
Now since the price is at support, a long is favorable here. I expect the price to march up at least till 2.78 area.
The 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.
Every top is an opportunity to open a short position. Your own risk Your likes and comments are not important
I 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.
Once again, it hits the specified resistance, to buy in green points or green box
✅ RNDR COIN PRICE ✅ 🔥 Price is at the Resistance Level at around $2.50 🔥 If Breaks up .. 🚀You can target around $3 that's around 20% gains🚀 If Breaks down.. We can expect the price around the $1.60 range. 👉 Follow me for more opportunities.
Currently Testing 4H Supply zone Possible SHORTS On 15M TF!
This 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.